ivari’s Affinity business to be sold to Securian
November 1, 2016
(Toronto) Earlier today, it was announced that Securian Financial Group, Inc will acquire Canadian Premier Life, Legacy General Insurance Company, CRI Canada and Selient, Inc. from ivari.
The Affinity group of companies, (marketed as Canadian Premier and CRI Canada) are focused on developing insurance, technology, and support solutions for their Canadian financial institution partners, which include banks, retailers, and credit unions.
“We are confident that Securian is the right company to oversee the business and provide reliable service to our customers,” said ivari President and Chief Executive Officer, Doug Brooks.
The sale does not impact any of ivari’s other products.
The consummation of the transaction is subject to customary closing conditions and certain regulatory approvals, and is expected to occur early in the first quarter.