Investments
8Portfolio Exits
4Partners & Customers
10About iA Financial Group
iA Financial Group (TSX: IAG) is an insurance and wealth management company. It offers life and health, auto and home, group, and other insurance plans. The company also provides wealth management and corporate services. It was founded in 1892 and is based in Quebec City, Canada.
Latest iA Financial Group News
Nov 14, 2023
He has over 25 years of experience Share iA Financial Group has announced the addition of Martin Gagnon to the boards of directors of iA Financial Corporation and Industrial Alliance Insurance and Financial Services. Gagnon, who is set to assume his role in January, brings over 25 years of experience in banking, asset management, and brokerage firms. From 2016 to 2023, he served as executive vice president of wealth management and co-president and co-CEO of National Bank Financial (NBF). Prior to this, he held positions of increasing responsibility at the National Bank of Canada and its subsidiaries. His background includes senior roles at renowned institutions such as Goldman Sachs and Laurentian Bank. Gagnon holds a Bachelor’s in Commerce Finance from Université du Québec à Montréal, as well as a Master’s in Business Administration from the University of British Columbia. Additionally, he has a Chartered Financial Analyst (CFA) designation. Gagnon is set to join iA Financial Corporation’s board now comprises 15 directors, 14 of whom are independent and 47% of whom are women. Simultaneously, the Industrial Alliance Insurance and Financial Services board now boasts 14 directors, 13 of whom are independent and 50% of whom are women. Last month, iA Financial Group announced that it had entered a deal to acquire Vericity for US$170 million. The deal was characterized as a bid to grow the company’s presence in the US. “With this acquisition, we are adding scale to our already well-established and successful US individual life insurance business and creating value for our shareholders by building on our core insurance and distribution competencies,” said Mike Stickney, executive vice president, chief growth officer US operations, co-head of acquisitions. What are your thoughts on this story? Feel free to comment below. Related Stories
iA Financial Group Investments
8 Investments
iA Financial Group has made 8 investments. Their latest investment was in Bolo Live as part of their Seed VC on December 12, 2022.

iA Financial Group Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
12/28/2022 | Seed VC | Bolo Live | $5.6M | Yes | 1 | |
3/17/2022 | Series E | |||||
2/22/2021 | Series C | |||||
7/28/2020 | Series B - IV | |||||
5/21/2019 | Unattributed VC |
Date | 12/28/2022 | 3/17/2022 | 2/22/2021 | 7/28/2020 | 5/21/2019 |
---|---|---|---|---|---|
Round | Seed VC | Series E | Series C | Series B - IV | Unattributed VC |
Company | Bolo Live | ||||
Amount | $5.6M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 1 |
iA Financial Group Portfolio Exits
4 Portfolio Exits
iA Financial Group has 4 portfolio exits. Their latest portfolio exit was PolicyGenius on April 25, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
4/25/2023 | Acquired | 13 | |||
Date | 4/25/2023 | |||
---|---|---|---|---|
Exit | Acquired | |||
Companies | ||||
Valuation | ||||
Acquirer | ||||
Sources | 13 |
iA Financial Group Acquisitions
9 Acquisitions
iA Financial Group acquired 9 companies. Their latest acquisition was Vericity on October 03, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
10/3/2023 | Acq - Pending | 2 | ||||
11/2/2021 | ||||||
1/10/2020 | ||||||
1/10/2020 | ||||||
1/10/2020 |
Date | 10/3/2023 | 11/2/2021 | 1/10/2020 | 1/10/2020 | 1/10/2020 |
---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acq - Pending | ||||
Sources | 2 |
iA Financial Group Partners & Customers
10 Partners and customers
iA Financial Group has 10 strategic partners and customers. iA Financial Group recently partnered with Mitchell International on June 6, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
6/23/2023 | Vendor | United States | Quebec’s iAAH Deploys Mitchell Solutions for Claims Through Mitchell International WorkCenter , iAAH has accelerated claims handling activities including loss profiling with integration , estimating , review and repair management , according to the vendor . | 1 | |
9/5/2022 | Client | United States | 1 | ||
9/1/2020 | Vendor | United States, and Canada | Bank of New York Mellon : CIBC Mellon Selected to Provide Fund Services for iA Financial Group CIBC Mellon announced today that iA Financial Group has selected CIBC Mellon Trust Company and its global enterprise partners BNY Mellon and CIBC Mellon Trust Company to provide an array of fund services , asset servicing and data solutions as part of iA Financial Group 's enterprise technology , fund services and operations modernization efforts . | 1 | |
5/12/2020 | Partner | ||||
5/12/2020 | Vendor |
Date | 6/23/2023 | 9/5/2022 | 9/1/2020 | 5/12/2020 | 5/12/2020 |
---|---|---|---|---|---|
Type | Vendor | Client | Vendor | Partner | Vendor |
Business Partner | |||||
Country | United States | United States | United States, and Canada | ||
News Snippet | Quebec’s iAAH Deploys Mitchell Solutions for Claims Through Mitchell International WorkCenter , iAAH has accelerated claims handling activities including loss profiling with integration , estimating , review and repair management , according to the vendor . | Bank of New York Mellon : CIBC Mellon Selected to Provide Fund Services for iA Financial Group CIBC Mellon announced today that iA Financial Group has selected CIBC Mellon Trust Company and its global enterprise partners BNY Mellon and CIBC Mellon Trust Company to provide an array of fund services , asset servicing and data solutions as part of iA Financial Group 's enterprise technology , fund services and operations modernization efforts . | |||
Sources | 1 | 1 | 1 |
iA Financial Group Team
9 Team Members
iA Financial Group has 9 team members, including current Chief Executive Officer, President, Denis Ricard.
Name | Work History | Title | Status |
---|---|---|---|
Denis Ricard | Chief Executive Officer, President | Current | |
Name | Denis Ricard | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer, President | ||||
Status | Current |
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