Desjardins, a Canadian financial service cooperative, agreed to acquire the remaining stake in ICPEI Holdings, a property and casualty insurance company, at a CAD35.82m valuation. "With this acquisition, we're strengthening Desjardins' position in the Canadian commercial insurance market. We're committed to meet the changing needs of our business members and clients across Canada, and be proactive in our support. That's why we're very pleased to be able to count on ICPEI's expertise in brokerage distribution of commercial insurance to expand our reach and access new markets. With this additional expertise, I firmly believe that we'll be able to perform even better with businesses, reinforcing our position as a key player in this segment of the Canadian market," Guy Cormier, Desjardins President and CEO.