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Beneva
La Capitale Financial Group Inc. was a Canadian business that provided insurance products and financial services in Quebec, Canada. The company was headquartered in Quebec City and mainly active in Quebec, though extending its services into Ontario since 2008. With more than 900 institutions and 600,000 members of staff, La Capitale General Insurance ranked among the largest insurers in Quebec. Beneva is a Canadian mutual insurance company that was established in mid-2020 by the merging of La Capitale and SSQ Insurance. , the preceding companies are in a transition period, with La Capitale transferring by 2022 and SSQ becoming Beneva in 2023. History of La Capitale La Capitale has it origins in a mutual fund that was formed in 1940 by state employees from Parliament Hill in Quebec who wanted to establish a more secure way to pay for their funeral expenses. The official name for this group was la Mutuelle des Employés civils. Still operating under la Mutuelle des employés civi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SSQ Insurance
SSQ Insurance (French: SSQ Assurance), is a mutual diversified financial institution founded in 1944 in Quebec, Canada, which offers insurance and investment products. Beneva is headquartered in Quebec City, with offices in Longueuil, Calgary, Halifax, Vancouver and Toronto. The organization, which serves over three million customers and employs 2,000 employees, is one of the major insurance companies in Canada. SSQ Insurance is also one of the 500 largest companies in Quebec, ranking 79th in 2018. With a business volume approaching $3 billion and $11 billion in assets under management, Beneva is one of the 10 Canadian co-operatives present in the ranking of the most prominent coops worldwide. As a result of the merger with La Capitale Insurance in January 2020, the company was rebranded as Beneva. The announcement was made on December 3, 2020. History 1940-1948: putting down roots At the beginning of the 1940s, Dr. Jacques Tremblay out of concern for social justice too ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Company
A mutual organization, or mutual society is an organization (which is often, but not always, a company or business) based on the principle of mutuality and governed by private law. Unlike a true cooperative, members usually do not contribute to the capital of the company by direct investment, but derive their right to profits and votes through their customer relationship. A mutual organization or society is often simply referred to as ''a mutual''. A mutual exists with the purpose of raising funds from its membership or customers (collectively called its ''members''), which can then be used to provide common services to all members of the organization or society. A mutual is therefore owned by, and run for the benefit of, its members – it has no external shareholders to pay in the form of dividends, and as such does not usually seek to maximize and make large profits or capital gains. Mutuals exist for the members to benefit from the services they provide and often do n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
