Desjardins General Insurance Group to acquire ICPEI Holdings for $61m.

Desjardins General Insurance Group, a cooperative financial group, agreed to acquire ICPEI Holdings, a Canadian property and casualty insurance firm, for $61m. "After careful deliberation, the Special Committee considers that the transaction represents the best available path forward for the company and its shareholders. The transaction will provide shareholders, other than the Rollover Shareholders, with immediate and certain cash value, while providing the company with additional flexibility to operate as a private company in the hands of a committed long-term investor," Sharon Ranson, ICPEI Holdings Director and Co-Chair.