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2024 Mercuriades: Beneva named Company of the Year and wins the Entrepreneurial prize

May 7, 2024

Quebec City, May 7, 2024—Beneva distinguished itself at the 2024 Mercuriades by winning Company of the Year and Entrepreneurial, awards that recognize the hard work that went into combining two major insurers to create the largest mutual insurance company in Canada.

After three years, the business combination of La Capitale and SSQ Insurance resulted in the creation of the largest mutual insurance company in Canada with 2.7 million members. This successful integration has allowed Beneva to carve an enviable position for itself in the market:

  • Beneva is Quebec's leading insurer with a premium volume of $5.5 billion.
  • Beneva boasts the most technologically modern digital foundation in the country.
  • Beneva prides itself on bringing peace of mind to clients through a broad product offering: group insurance; individual insurance; car, home and business insurance; and savings and investment products.

Rewarded efforts

Beneva’s challenge of having to integrate business activities within a tight deadline, while maintaining operations and service quality, was substantial. Three short years later, it accomplished its mission!

"We have the remarkable work of our 5,500 employees to thank for this special award. Beneva, which was born of two companies whose founders sought equity and social justice in Quebec in the 1940s, is now the largest mutual insurance company in the country. Above all, I’m very proud of our talented and dedicated teams who made this all possible," said Jean-François Chalifoux, President and CEO of Beneva.

Organized by the Fédération des chambres de commerce du Québec (FCCQ), the Mercuriades are Quebec's most prestigious business awards. Beneva was also a finalist for the Best Business Strategy award in the Large Company category.

About Beneva

Created by the coming together of La Capitale and SSQ Insurance, Beneva is the largest insurance mutual in Canada with more than 3.5 million members and customers. Beneva employs over 5,500 dedicated employees: people looking out for people. Its human approach is rooted in mutualist values that are shared by its employees. With $25.2 billion in assets, Beneva positions itself as a major player in the insurance and financial services industry. Its head office is located in Quebec City.

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