Mergers and acquisitions: Insurance companies looking healthy

The nation's three largest insurance companies are seeing real action in many respects. At their annual general meetings recently Canada's Great-West Lifeco, Manulife and Sun Life Financial presidents let their shareholders and employees know about what's been happening. In the world of mergers and acquisitions, Great-West Lifeco is on the acquisitions trail, Manulife is focused on customer service, while Sun Life continues to grow.

The busiest company when it comes to mergers and acquisitions is Great-West Lifeco. In Canada, the real estate management arm of the company, GWL Realty Advisors, recently acquired EverWest (based in the United States). The president and CEO of the company said that deal provides Great-West Lifeco with a solid real estate platform stateside, opening up to investment opportunities for the company's Canadian clients.

Great-West Lifeco's Canadian operations are investing to increase its digital footprint, to drive innovation and to create efficiencies. The company is also partnering with Dialogue, a digital health services provider, to offer easier online access to services and medical professionals. In fact, Great-West Lifeco has added almost 1,000 new jobs in the last three years in Canada in an effort to advance the client experience.

Mergers and acquisitions involve complexities about which many people know very little. Those looking for additional information on the legalities surrounding mergers and acquisitions may wish to obtain legal advice prior to venturing too far into this exciting, yet confusing aspect of business. A lawyer in Canada might be able to shed some light on issues that seem perplexing to clients.

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