Major takeover rocks Canadian market

Major takeover rocks Canadian market

Major takeover rocks Canadian market

Edward B. Rust Jr., State Farm Chairman and Chief Executive Officer, said the transaction will create a well-positioned, Canadian-focused provider of property and casualty, life and financial services products that will expand on the operations State Farm's Canadian employees and agents have built in Ontario, Alberta and New Brunswick.

“This combination creates a leading platform with new opportunities for growth and success for our employees, agents and customers,” he said. “State Farm's financial investment in the newly combined P&C business and license to use the State Farm brand reflect our confidence in the strength of the combined business going forward.”
 

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