Winnipeg, Manitoba — Wawanesa has entered an agreement to sell its U.S. subsidiary, Wawanesa General Insurance Company, to focus its efforts on the Canadian market, the insurer announced on Aug. 1.
“We believe it’s the right time to concentrate on our home market,” said Jeff Goy, president and CEO of Wawanesa.
Goy did not specify what that would mean for Canadian customers; just that “[Wawanesa] look[s] forward to further strengthening the products and services we provide Canadian families and businesses, and to providing exceptional service to even more members across Canada.”
The insurer’s U.S. operations will be acquired by the Automobile Club of Southern California, the largest member of the AAA federation of motor clubs. Terms of the deal were not disclosed.
Click here for more information on Wawanesa’s decision to sell its American subsidiary.
