As of September, UV Insurance will collaborate in the distribution of Assumption Life’s Registered Investment Accounts and Segregated Funds. The two mutual companies have agreed to team up and offer the same products. “We are two mutuals that share a similar mission and values when it comes to our insured members, which is why this type of partnership is a natural fit for us,” said Julie Michaud, Senior Vice-President, Individual Insurance and Investment – Retirement at UV Insurance.
Assumption Life will continue to assume the role of insurer for its portfolio of funds, while UV Insurance will collaborate on its marketing. This alliance will enable both mutual companies to share their expertise in order to focus and strengthen their presence in the Canadian investment market.
Active in a brokerage network, both companies believe that this new collaboration is positive for their business partners. “This collaboration between two French-language mutual companies is a source of inspiration. At Assumption Life, as well as at UV Insurance, our business strategies are based on a solid network of advisors. We are committed to making a difference by offering them solutions that will make their work easier and help them reach their objectives,” added Réjean Boudreau, Vice-President and Chief of Organizational Development and Customer Experience at Assumption Life.
About UV Insurance
Founded in 1889, UV Insurance is one of Canada’s oldest insurance companies. It has become well known for its financial stability and customer service to the local community. It offers a range of individual and critical illness insurance, group insurance, and investment and retirement products. Over time, the company has stood out by focusing on flexible products and a vast network of independent advisors. Headquartered in Drummondville, the company serves the Canadian market, particularly Quebec and Ontario.
UV Insurance is a trade name and trademark of The Union Life Mutual Assurance Company.
About Assumption Life
Founded in 1903, Assumption Life offers individual insurance, group insurance, investment and retirement products, as well as mortgage loans. It is present in all Canadian provinces and territories. The company’s head office is located in Moncton, New Brunswick.
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