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The Co-operators Group to sell L'Union Canadienne, Compagnie d'Assurances for US$150 million

Fasken
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Co-operators Life Insurance Company

The Co-operators Group Limited announced that it has entered into a definitive agreement with RSA Canada whereby The Co-operators will sell to RSA its wholly-owned subsidiary, L’Union Canadienne, Compagnie d’Assurances for $150 million, pending regulatory approval, and other standard conditions. L'Union Canadienne is Quebec's third largest intermediated personal lines insurer, employing over 300 people across offices in Quebec City and Montreal, and distributing through a network of more than 150 brokers across the province. The Co-operators Group Limited is being advised by Fasken Martineau with a team that includes the following lawyers: Robert McDowell (corporate and regulatory), Sylvie Bourdeau (corporate and regulatory), Koker Christensen (corporate and regulatory), Scott Prescott (corporate and regulatory), Marvin Mikhail (corporate and regulatory), Caitlin Fell (corporate and regulatory), Andrew Nunes (information technology) and Louise Béchamp (employment).

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