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Great-West Lifeco completes the acquisition of Group Financial Horizons

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August 1, 2017 11:30

Photo : Freepik

Great‑West, compagnie d’assurance-vie, has just completed the announced acquisition of the general agent , Financial Group Horizons. Since 2010, he was held to 72 % by Genstar Capital, a finance company, equity based in San Francisco.

If the terms of the transaction were not disclosed, Great-West anticipates that the transaction will contribute to earnings, without having a significant impact on the overall benefit to Canada.

«A strong presence in the sector of the MGA»

«In the framework of the transformation of our canadian operations, we are committed to investing in new resources to our business,» said Stefan Kristjanson, president and chief operating officer, Canada of Great-West. This strategic acquisition provides our company with a strong presence in the agency sector general management (MGA or MGA) independent growth in the canadian market. «

John H. Hamilton maintained in its functions

Mr. Kristjanson has also noted that the independence of Group Financial Horizons is of importance for Great-West and that the firm will continue to operate according to its own process of governance and with its own board of directors.

The existing management team of Group Financial Horizons will remain in place and will continue to lead the company under the leadership of the current president and ceo, John H. Hamilton.

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