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Client Work

Washington National sells its Canadian insurance business to Unity Life

Fasken
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Overview

Client

Washington National Insurance Company

On December 31, 2008, Unity Life of Canada, a Foresters company, and Washington National Insurance Company completed an assumption reinsurance transaction pursuant to which Unity Life of Canada acquired the insurance and occupational disability insurance policies of Washington National Insurance Company's Canadian branch. The value of the transaction was not disclosed. Fasken Martineau advised Washington National on this transaction, including obtaining necessary regulatory approvals, with a team that included Robert McDowell and Kathleen Yoa.

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