Aug. 13, 2020

Born of the merger of La Capitale and SSQ Insurance, the largest mutual insurance company in Canada joins ICMIF

The largest mutual insurance company in Canada formed as a result of the merger of equals of La Capitale and SSQ Insurance is proud to join the International Cooperative and Mutual Insurance Federation (ICMIF), the only organization representing cooperative and mutual insurers worldwide.

“As the largest mutual insurer in the country, our company is leading the mutualist and cooperative movement in Canada. Through ICMIF, we will be joining a network of the world’s largest mutuals, which we are convinced will be an asset for our organization. The knowledge, skills and experience of federation members will contribute to strengthening our competitiveness, especially in terms of sustainability, innovation and emerging risks. Above all, we are pleased to be able to promote the mutualist and cooperative model to our own members and customers,” said Jean-François Chalifoux, President and Chief Executive Officer of La Capitale/ SSQ Insurance.

“On behalf of ICMIF, our Board of Directors and our 200 member organizations, I am delighted to extend my warmest congratulations to La Capitale and SSQ Insurance on their official announcement of their merger of equals, thereby creating the largest mutual insurance company in Canada with over 3.5 million members and clients. We are delighted that the newly formed organization has decided to join ICMIF and our global network of member-owned insurers. I look forward to working with Jean-François Chalifoux, the new President and Chief Executive Officer, and Jean St-Gelais, Chair of the Board of Directors,” said Shaun Tarbuck, Chief Executive of ICMIF.


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