Industrial Alliance

Industrial Alliance Insurance and Financial Services, Incorporated, headquarted in Quebec, Canada, is a financial services company with products including life and health insurance, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgage loans and other financial products and services. It is a major player in the Canadian market where it serves three million people across the country and ranks fourth among insurance companies. The company has recently taken a strong interest in the US market where it sees an opportunity for growth. Its first major expansion into the US market happened in April 2010 when it purchased American Amicable Life Insurance of Texas for $145 million. In 2010, Industrial Alliance listed in Forbes Magazines "Global 2000" list of companies.

Industrial Life Insurance and Alliance Nationale initially formed through a merger in January 1987. In the 13 following years the new company made a number of acquisitions, including the National Life Assurance Company of Canada in 1988, The Solidarity, and the Seaboard life Insurance of Vancouver (which eventually became Industrial Alliance Pacific). In 1999 they formed Investia Financial Services and joined the Toronto Stock Exchange under the symbol IAG.

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