GUELPH, ON and VANCOUVER, Sept. 1 2009 – The Co-operators and Vancity today completed the sale of Vancity Insurance Services Limited (VISL), which was announced by the two organizations on July 21, 2009. Federated Agencies Limited, a subsidiary of The Co-operators, has purchased VISL, which provides home, auto, travel and business insurance in British Columbia.
The purchase, which includes 17 VISL retail branches in Greater Vancouver and Victoria, significantly expands The Co-operators presence in British Columbia, where it previously had 24 agent offices. All VISL service locations will begin to operate under The Co-operators brand tomorrow, September 2, 2009. Customers can continue to purchase insurance at these locations.
Vancity will continue to offer life, creditor and title insurance as part of its overall financial services offering. Squamish Insurance Services is not part of the purchase agreement and will continue operations as usual.
VISL customers have been notified of the change in ownership, and their insurance coverage remains in effect with no changes to their premiums or coverage for the current term of their policies. At renewal, customers will be offered similar policies by The Co-operators.
About The Co-operators
Based in Guelph, Ontario, The Co-operators is a group of Canadian companies offering home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators Group Limited is a 100 per cent Canadian-owned co-operative with assets of more than $7 billion. It is owned by a group of Canadian co-operatives, credit union centrals and like-minded organizations. The Co-operators is well known for its community involvement, and is listed among the “50 Best Employers in Canada.” www.cooperators.ca
About Vancity (Vancouver City Savings Credit Union)
Vancity is Canada’s largest credit union, with $14.5 billion in assets, more than 400,000 members, and 60 branches throughout Greater Vancouver, the Fraser Valley, Victoria and Squamish. Vancity is guided by a commitment to improving the quality of life in the communities where we live and work. www.vancityinsurance.com
Co-operators et Vancity concluent la vente de Vancity Insurance Services Ltd.
GUELPH, ON et VANCOUVER, le 1er sept. 2009 – Co-operators et Vancity ont conclu aujourd’hui la vente de Vancity Insurance Services Limited (VISL), qui avait �t� annonc�e par les deux soci�t�s le 21 juillet 2009. C’est la soci�t� Federated Agencies Limited, une filiale de Co-operators, qui est l’acqu�reur de VISL. Cette derni�re offre de l’assurance habitation, automobile, voyage et commerciale en Colombie-Britannique.
Cette acquisition, qui porte sur 17 succursales de VISL dans la r�gion m�tropolitaine de Vancouver et de Victoria, accro�t consid�rablement la pr�sence de Co-operators en Colombie-Britannique, o� la soci�t� comptait d�j� 24 agences. Tous les points de service de VISL poursuivront leurs activit�s sous la banni�re Co-operators � compter de demain, le 2 septembre 2009. Les consommateurs peuvent continuer � souscrire de l’assurance � tous ces points de service.
Vancity continuera d’offrir de l’assurance vie, de l’assurance des cr�anciers et de l’assurance titres. Il est � noter que Squamish Insurance Services ne fait pas partie de l’entente et poursuivra ses activit�s comme � l’habitude.
Les clients de VISL ont �t� inform�s du changement de propri�t� de l’entreprise. Leur assurance reste en vigueur; leur prime et leurs garanties restent inchang�es pour la dur�e de leur contrat actuel. Au renouvellement, les clients se verront offrir des polices Co-operators similaires � celles qu’ils souscrivent pr�sentement.
A propos de Co-operators
Co-operators, dont le si�ge social se trouve � Guelph, en Ontario, regroupe des soci�t�s canadiennes sp�cialis�es en assurance habitation, automobile, vie, collective, voyage, entreprise et agricole, ainsi qu’en gestion de placements. Le Groupe Co-operators limit�e est une coop�rative enti�rement canadienne, et son actif s’�l�ve � plus de sept milliards de dollars. Il est d�tenu par des coop�ratives canadiennes, des caisses populaires et d’autres organisations � vocation semblable. Co-operators se distingue par sa participation communautaire et figure dans la liste des 50 employeurs de choix au Canada. www.cooperators.ca
A propos de Vancity (Vancouver City Savings Credit Union)
Vancity est la plus importante caisse d’�pargne et de cr�dit du Canada; elle d�tient un actif de 14,5 milliards de dollars, plus de 400 000 membres et 60 succursales r�parties dans la r�gion m�tropolitaine de Vancouver, la vall�e du Fraser, Victoria et Squamish. Vancity s’inspire de son engagement � am�liorer la qualit� de vie des collectivit�s dans lesquelles nous vivons et travaillons. www.vancityinsurance.com
