The company improved its net income on the Canadian front.
Some insurers have responded to an activist investor group's report about their involvement in fossil fuels.
Six of the seven major Canadian insurers analyzed held assets totaling $19.5 billion in the fossil fuel sector in 2023.
The insurer calls the transaction the largest of its kind in Canada.
Moncton-based mutual grew its earnings.
In its latest bulletin, the Property and Casualty Insurance Companies of Canada conducted an analysis of financial resul
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