Wawanesa buys Desjardins unit

Canadian carrier Wawanesa Mutual Insurance has agreed to acquire
the insurance operations of financial services cooperative
Desjardins Group in a C$$775mn ($592mn) deal.
Wawanesa subsidiary Trimont Financial will acquire Western
Financial Group and Western Life Assurance, the companies said on
16 February.
The deal brings several new businesses under the Wawanesa
umbrella, including broker Western Financial Group Insurance
Solutions, personal lines carrier Coast Capital Insurance Services
and li