Quebec Travel Insurance News
The Co-operators Insurance Company, known as The Co-operators, recently purchased a Quebec based insurance brokerage, known as Assurances Madelein in Laval, Quebec.
Assurances Madelein offers several insurances policies which include both personal and commercial insurance policies. The transaction does not annul or change any existing insurance coverage owned by a client via Assurance Madelein, however, it will remain in effect for the current term of the policy.
In a comment, The Co-operators president and CEO Rob Wesseling said that the purchase will further strengthen the insurance giant’s distribution system as well as the co-operative representative in Quebec. He also explained that they will be able to deepen their roots as well as their connection with their Quebec clients as they continue to expand and grow in the province. This will help the insurance company to understand the unique need of Quebecers and also assist them in accomplishing their financial goals.
The Co-operators whose total assets under administration already exceed $42.5 billion will grow and expand more due to the acquisition. The company pointed out that its clients will benefit enormously from its example in leading national insurance co-operative which is further demonstrated and buttressed by the deal with Assurance Madelein. It also pointed out that the deal will provide clients with full access to a wide range of insurance products that will include travel insurance, auto, life, home, and commercial insurance products.
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