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As part of this transaction, Gore Mutual will combine its GrandBridge Energy Named
operations with Unica Insurance, a Beneva subsidiary and a Southwestern Ontario Top
niche personal and commercial insurer based in Mississauga
and operate as a standalone subsidiary. Once merged, the Employer
complementary operations will create a larger group with
great ambitions for growth across Canada.

There are still steps to complete before the merger can be
finalized, including obtaining the approvals from the mutual
members of each organization, the Competition Bureau, the
required authorities, and the adoption of private bills by
the Senate of Canada and the Quebec National Assembly.
Therefore, for the time being, there is no change in the
activities of the two organizations as they remain competitors. PHOTO PROVIDED BY GRANDBRIDGE ENERGY
“With this merger, we are strengthening Beneva’s position as GrandBridge Energy was recognized earlier this year as
the largest leading Canadian insurer with a mutual model, one of Southwestern Ontario’s Top Employers for 2025 by
seizing a unique opportunity to ensure that mutuals remain Mediacorp Canada Inc., organizers of Canada's Top 100
a driving force in the Canadian insurance industry,” said Jean- Employers.
François Chalifoux, President and CEO of Beneva, in a release. “A The local electricity distribution company is proud of its
Beneva-Gore Mutual merger makes business sense and is the commitment to providing a positive workplace culture,
right move for our members, employees, and our communities, allowing employees to flourish by supporting professional
as the values are aligned and cultures are highly compatible, development, recognition programs, innovation, teamwork,
thanks to both companies’ commitment to the mutual model. and work-life balance.
This merger will enable us to accelerate our growth across
Canada, and better diversify our insurance portfolio.” “GrandBridge Energy is honoured to recognized as one of the
best employers in Southwestern Ontario. This award recognizes
our commitment to fostering an inclusive, respectful and
collaborative working environment,” said Sarah Hughes,

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