The Co-operators Life Insurance Co., which bought CUMIS Group Ltd. in 2009, has announced its plans to acquire another Canadian credit union insurance subsidiary.
The Co-operators said it has plans to buy G&F Financial Group's general assets and Autoplan appointment. G&F is a division of Gulf and Fraser Fisherman's Credit Union, which has more than $1 billion in assets under administration.
G&F Financial Group will continue to provide life, disability, critical illness and credit insurance to members through G&F Insurance Services' subsidiary.
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