L'Union Canadienne transaction completed

GUELPH, ON, Oct. 1, 2012 /CNW/ - Co-operators General Insurance Company announced today the completion of its sale of L'Union Canadienne, Compagnie d'assurances to RSA Canada. All necessary approvals have been granted and the transaction, which was announced on June 6, 2012, was completed today.

Co-operators General acquired L'Union Canadienne, a Quebec-based intermediated property and casualty insurance company, in 1999. Over the past few years, Co-operators General has expanded its direct distribution business in Quebec. Its strategic focus in the years ahead will be to build upon this success and further develop its direct distribution capabilities throughout the province.

Co-operators General is part of The Co-operators Group Limited, a Canadian-owned co-operative and a leading multi-product insurance company. Its representatives in communities across Canada provide home, auto, farm, business, life and travel insurance, as well as investment products.

About The Co-operators:
Co-operators General is part of The Co-operators Group Limited, a Canadian-owned co-operative with more than $36 billion in assets under administration. Through its group of companies it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is listed among the 50 Best Employers in Canada and Corporate Knights' Best 50 Corporate Citizens in Canada. As a proud member and supporter of the co-operative sector, The Co-operators is pleased to celebrate 2012: The International Year of Co-operatives. For more information visit www.cooperators.ca.

SOURCE: The Co-operators