Genius Financial Group and Lussier Dale Parizeau merge businesses.

Genius Financial Group, a major financial services firm in the Saguenay Lac-St-Jean region and Lussier Dale Parizeau, the largest insurance broker in Quebec merge to become a major player in the region. Financial terms were not disclosed. As a result of this consolidation, Lussier Dale Parizeau will have more than 800 employees, including 500 brokers, adjusters, actuaries and lawyers, in 29 branches serving more than 160,000 clients. The firm now has a total premium volume of $475m in both life and health and general insurance. The Saguenay-Lac-Saint-Jean region now has 130 employees across 8 branches. “This grouping will allow us to consolidate our presence in the Saguenay-Lac-Saint-Jean region and become a major player in life and health insurance in this region, as we already are in property and casualty insurance,” André Lussier, Lussier Dale Parizeau President.