CWB Completes Sale of Canadian Direct Insurance
(firmenpresse) - EDMONTON, ALBERTA -- (Marketwired) -- 05/01/15 -- Canadian Western Bank (TSX: CWB) today announced it has completed the previously disclosed sale of its property and casualty insurance subsidiary, Canadian Direct Insurance (CDI), to Intact Financial Corporation (TSX: IFC).
About CWB Group
Canadian Western Bank (TSX: CWB) offers a full range of business and personal banking services across the four western provinces and is the largest publicly traded Canadian bank headquartered in Western Canada. The Bank, along with its operating affiliates, National Leasing Group, Canadian Western Trust, Canadian Western Financial, Adroit Investment Management, and McLean & Partners Wealth Management, collectively offer a diversified range of financial services across Canada and are together known as the CWB Group. The common shares of Canadian Western Bank are listed on the Toronto Stock Exchange under the trading symbol "CWB". CWB's Series 5 Preferred Shares trade on the Toronto Stock Exchange under the trading symbol "CWB.PR.B". Refer to for additional information.
About Intact Financial Corporation
Intact Financial Corporation () is the largest provider of property and casualty insurance in Canada with $7.3 billion in premiums. With over 11,000 employees, the company insures more than five million individuals and businesses through its insurance subsidiaries and is the largest private sector provider of P&C insurance in British Columbia, Alberta, Ontario, Quebec and Nova Scotia. The company distributes insurance under the Intact Insurance brand through a wide network of brokers, including its wholly owned subsidiary, BrokerLink, and directly to consumers through belairdirect.
Contacts:
Kirby Hill, CFA
Vice President, Strategy & Communications
Canadian Western Bank
(780) 441-3770
Matt Evans, CFA
Assistant Vice President, Investor Relations
Canadian Western Bank
(780) 969-8337
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Unternehmensinformation / Kurzprofil:
Datum: 01.05.2015 - 12:00 Uhr
Sprache: Deutsch
News-ID 390157
Anzahl Zeichen: 0
contact information:
Town:
EDMONTON, ALBERTA
Kategorie:
Commercial & Investment Banking
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"CWB Completes Sale of Canadian Direct Insurance"
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