National Bank Insurance: a key player in group insurance

Montreal, 29 March 2006 - 

National Bank Insurance seeks to develop a solid distribution capacity and a specialized team to meet the needs of businesses.

National Bank Insurance wants to become a key player in the group insurance market in Quebec, where it has been present for two years through an outsourcing agreement. It is now launching its own activities and setting up a specialized team to offer group life, disability, health and dental insurance solutions. 

National Bank Insurance already has a solid distribution capacity and plans to focus even more closely on this growth area. “In the short term, we would like to become a key player in group insurance, an area that is undergoing major changes. Our market expertise and integrated service offering that focuses on customer service and proactivity should be attractive for companies,” explained Yves Pelletier, Vice-President, National Bank Insurance Firm.

National Bank Insurance prides itself on the expertise of its advisors, its ability to seek out the best opportunities for commercial clients, and the agreements signed with such leading insurers as Industrial-Alliance, Medavie Blue Cross, Manulife Financial, Great West, SSQ Financial Group, Sun Life Financial, Standard Life, La Survivance, L’Excellence, Empire Financial Group, La Capitale and AIG Life of Canada.

About National Bank
National Bank of Canada is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management, as well as mutual fund and retirement plan management. National Bank has more than $105 billion in assets and, together with its subsidiaries, employs 16,993 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA: TSX). For more information, visit the Bank’s website at www.nbc.ca.

Information (The telephone number provided below is for the exclusive use of journalists and other media representatives):

Denis Dubé
Director – Public Relations
National Bank of Canada
Tel.: (514) 394-8644