Wednesday, April 05, 2006 – Toronto – Allianz Insurance Company of Canada and The Nordic Insurance Company of Canada, both insurance subsidiaries of ING Canada Inc. (TSX:IIC.LV), announced today the completion of their amalgamation under the name of The Nordic Insurance Company of Canada. The companies announced their intention to amalgamate on February 20, 2006. ING Canada acquired Allianz Insurance Company of Canada in 2004.
The amalgamation of the two companies is part of ING Canada’s integration of Allianz Canada and it is not expected to impact customers or brokers. Since the acquisition, customers of Allianz Insurance Company of Canada have been offered insurance and have had their claims serviced by ING Canada’s insurance companies, and this will continue to be the case.
ING Canada is the largest provider of property and casualty insurance in the country, offering automobile, property and liability insurance to individuals and businesses through its insurance subsidiaries.