Demutualization: 10 Years Already!
At the turn of the century, Industrial Alliance, which was a mutual company (i.e. one belonging to its insureds) became a stock company (i.e. belonging to its shareholders). This demutualization process materialized on February 3, 2000, when Industrial Alliance shares began to be traded on the Toronto Stock Exchange.
Ten years of progress
Over the past ten years, Industrial Alliance achieved three major market breakthroughs:
Wealth Management
- Entry into mutual fund and securities markets
- 16 acquisitions
Development Outside of Quebec
- Opening of new offices from the Atlantic to the Pacific
- Strengthening of Canada-wide sales network for all business sectors
New Markets
- Personal health and disability insurance
- Socially Responsible Investing Mutual Funds
- United States: establishment of a strong domestic presence