Industrial Alliance Insurance and Financial Services Inc. has obtained the final order of the Superior Court of Quebec to create a holding company consisting of all iA Financial Group activities.
The final order approves and sanctions the arrangement under which iA Financial Group will become the parent holding company that will hold all of the common shares of iA Financial Group. The arrangement is expected to be completed by the end of 2018.
The closing of the arrangement is subject to, among other things, the adoption of a private member's bill intended to effect certain modifications to the act respecting Industrial-Alliance, Life Insurance Co., as well as the approval of the Minister of Finance.
IA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services.
