A.M. Best Affirms Ratings of Industrial Alliance Insurance and Financial Services, Inc. and Its Subsidiaries
Business Wire - Fri Feb 13, 9:22AM CST
A.M. Best has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of "aa-" of Industrial Alliance Insurance and Financial Services Inc. (IA) (Quebec) [TSX: IAG]. Additionally, A.M. Best has affirmed the existing debt ratings of IA. Concurrently, A.M. Best has affirmed the FSR of A (Excellent) and the ICRs of "a" of IA's U.S. life insurance subsidiaries: IA American Life Insurance Company (Atlanta, GA), American-Amicable Life Insurance Company of Texas, Pioneer Security Life Insurance Company, Pioneer American Insurance Company and Occidental Life Insurance Company of North Carolina. (These companies are collectively known as the IA American Life Group.) All U.S. companies are domiciled in Waco, TX, unless otherwise specified. Additionally, A.M. Best has affirmed the FSR of A (Excellent) and the ICR of "a+" of Industrial Alliance Pacific General Insurance Corporation (IAPG) (Vancouver, Canada). The outlook for all ratings is stable. (See below for a detailed listing of the debt ratings.)
IAG.TO: 40.99 (+0.82)
Investia Completes Acquisition of Ten Star's Mutual Fund, Segregated Fund and Life Insurance Distribution Businesses
CNW Group - Tue Dec 02, 9:31AM CST
Investia Financial Services Inc. ("Investia"
Industrial Alliance redeems preferred shares at USD26.00 per share and releases dividend of USD0.3750 per share
M2 - Thu Nov 06, 4:39AM CST
Life and health insurance company Industrial Alliance Insurance and Financial Services Inc (TSE:IAG) disclosed on Wednesday its intent to redeem all of its outstanding 4,000,000 series E non-cumulative class A preferred shares on the same day, at USD26.00 per share less any tax necessary to be deducted and withheld by it, on 31 December 2014.
IAG.TO: 40.99 (+0.82), IAG: 2.23 (-0.08)
SNC-Lavalin sells its stake in Groupe immobilier Ovation to Industrial Alliance
CNW Group - Thu Oct 02, 7:33AM CDT
SNC-Lavalin (TSX: SNC) today announced that it has sold its 100-percent interest in Groupe immobilier Ovation to Quebec City-based Industrial Alliance Insurance and Financial Services Inc. Groupe immobilier Ovation owns the concession rights to Montreal's Maison symphonique concert hall, the permanent home of the Montreal Symphony Orchestra.
SNC.TO: 44.17 (-0.50)
Industrial Alliance Goes Live with Eagle Accounting for Enhanced Efficiency and Operations
PR Newswire - Mon Jun 30, 5:00AM CDT
Eagle Investment Systems LLC (Eagle), a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that Industrial Alliance Investment Management Inc. (Industrial Alliance), the investment arm of Industrial Alliance Insurance and Financial Services Inc., has gone live with Eagle's Accounting solution as well as the Eagle Analytics platform that incorporates FINCAD® Analytics. Industrial Alliance, which is already using Eagle Data Management, also migrated from an on premise installation to Eagle ACCESSSM, Eagle's secure private cloud.
IAG.TO: 40.99 (+0.82), BK: 39.20 (-0.21)
Research and Markets: Prefeasibility Report on a Garlic Powder Manufacturing Plant
Business Wire - Wed Feb 26, 3:06AM CST
Research and Markets (http://www.researchandmarkets.com/research/v8zpdr/prefeasibility) has announced the addition of the "Prefeasibility Report on a Garlic Powder Manufacturing Plant" report to their offering.
IAG.TO: 40.99 (+0.82)