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UV Insurance Strengthens Portfolio With Acquisition of Insurance Contracts

UV Insurance Strengthens Portfolio With Acquisition of Insurance Contracts

June 9, 2025

UV Insurance is pleased to announce an agreement with BMO Insurance for the transfer of a closed block of life and health insurance contracts. This transaction reinforces UV Insurance’s position in the Canadian insurance market.

“This acquisition marks a major turning point in our nationwide growth, and comes at a particularly symbolic time, as we celebrate our UV Insurance’s 135th anniversary,” says Christian Mercier, President and CEO of UV Insurance. Under his nine-year leadership, the mutual insurance company—founded in Drummondville in 1889—has undergone significant growth, fueled by a major technological transformation that has made UV Insurance an agile industry leader. ”In recent years, our investments in technology have become a true growth driver, enabling us to improve our services, and seamlessly integrate new blocks of business with minimal additional costs. This will remain a key strategic focus in the years ahead,” adds M. Mercier.

The transition of the closed block of contracts from BMO Insurance to UV Insurance will take place gradually over the coming months, ensuring a smooth experience and high-quality service for all concerned. Contract owners will join UV Insurance, further strengthening its mutualist values and reinforcing its commitment to community-driven sustainability.

About UV Insurance
Founded in 1889, UV Insurance is one of the oldest insurance companies in Canada. It has become well known for its financial stability and customer service to the local community. Through its highly technological platforms, UV Insurance offers a range of individual and critical illness insurance, group insurance, and investment and retirement products. Over time, the company has stood out by focusing on flexible products and a vast network of independent advisors. Headquartered in Drummondville, the company serves the Canadian market, particularly Quebec and Ontario.

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For more information
Marilyn Baril
VP, Public Affairs and Chief Sustainability Officer
UV Insurance
819-478-1315, 2541
[email protected]