La Capitale in the TOP 10 for its 75th anniversary
Quebec, April 30, 2015 - La Capitale Financial Group, which is celebrating its 75th anniversary this year, is proud to announce that its now ranks among the 10 largest life and health insurers in Canada. With a consolidated gross written premium volume close to $1 billion as at December 31, 2014, it has jumped from the 12th spot ranking it held last year to 10th spot.
Steven Ross, President and Chief Operating Officer of the La Capitale Life and Health Insurance and Financial Services sector, attributes this growth to the continuous efforts carried over the past several years aimed at enabling this sector to set itself apart from the competition through the excellence of its customer service, the diversification of its product and service offering and the expansion of its distribution channels. “More than ever, our clients see La Capitale as the ally they need for financial security,” declared Mr. Ross.
La Capitale has had the strongest growth among all Life insurers over the past six years. As at December 31, 2014, gross premium income in this sector increased by 9.7% over 2013. La Capitale is also ranked 7th among life and health insurers in Quebec.“The attention we pay to all of our clients, and the close ties we maintain with our business partners, have allowed us to consolidate our excellent positioning in a highly competitive and mature life and health insurance and financial services market,” said Mr. Ross.
About La Capitale Financial Group
La Capitale Financial Group was created in 1940 by Quebec public service employees, and its growth has kept pace with the province's economic development. This modest fraternal benefit society has shaped itself into an economic force with 10 subsidiaries that carry out life and health insurance and property and casualty insurance operations throughout the country. It has over $5.5 billion in assets. With over 2,560 employees and guided by the values of mutualism on which it was founded, La Capitale works with clients to build, protect and value what they feel counts for their financial security. Given the key social and economic role La Capitale Financial Group plays, it is proud to contribute to the progress and well-being of the whole community through the La Capitale Financial Group Foundation.
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