Insurance Business The Co-operators enters joint venture with healthcare insurer

The Co-operators enters joint venture with healthcare insurer Co-operators Life Insurance Company, together with non-profit health insurer Medavie Blue Cross, has announced a group benefits joint venture.

Under the venture, Medavie Blue Cross will administer existing and future group benefits policies for any of The Co-operators’ sponsors based in Quebec.

According to a release, the venture will allow clients to “benefit from the breadth of Medavie Blue Cross’ delivery systems in Quebec with no changes to coverage under their current policies.”

“We are committed to growing our business in Quebec through our key distribution networks,” said Co-operators Life Insurance executive vice-president and COO Kevin Daniel. “This venture allows us to maintain a competitive group benefits package for our Quebec-based clients, while continuing to focus on supporting the communities in which we do business. Medavie Blue Cross’ commitment to supporting health and wellness in their communities was a key factor in selecting them, and we look forward to a long and successful venture.”

“I look forward to working collaboratively with The Co-operators in the coming months to ensure a smooth transition for our mutual clients,” commented Medavie Blue Cross president Eric Laberge. “This represents an important milestone in our efforts to collaborate with key stakeholders on strategic initiatives to accelerate our growth.”

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