In January 2020, SSQ Insurance and La Capitale Insurance and Financial Services, two companies of similar size with complementary operations, announced their intention to join forces. The merger was approved in June of 2020, and on December 3, 2020, they announced the name of their new venture: Beneva.
Beneva will be the largest mutual insurance company in Canada, with more than $20 billion in assets under its management, more than 5,000 employees and more than 3.5 million members and customers.
The transition will be gradual and for the time being you won’t see any change in operations or need to take any action. Your benefits plan will remain unchanged. AOMBT will continue working with SSQ Insurance under its new name, Beneva.
We will keep you informed of the next steps when changes begin to happen. For more information on La Capitale and the merger process, please visit the Beneva website.