Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Canada Life Wraps Up CNA Life Deal

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Oct. 31, 4:00 p.m. – Canada Life Financial Corporation, Toronto, says it has completed its acquisition of CNA Life Insurance Company of Canada, Kitchener, Ontario, a provider of preferred term life insurance products that had been a wholly owned subsidiary of CNA Financial Corporation of Chicago.

First announced on June 25, the acquisition will build Canada Life’s book of term business and enable it to achieve greater operating efficiencies, the company says

Canada Life expects the transaction to be neutral to earnings for the remainder of 2002 and accretive to earnings in 2003.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.