Beneva to merge with Gore Mutual.

Beneva, a Canadian mutual insurance company, agreed to merge with Gore Mutual, a Canadian property and casualty mutual insurance company. Financial terms were not disclosed. “With this merger, we are strengthening Beneva’s position as the largest leading Canadian insurer with a mutual model, seizing a unique opportunity to ensure that mutuals remain a driving force in the Canadian insurance industry. A Beneva-Gore Mutual merger makes business sense and is the right move for our members, employees, and our communities, as the values are aligned and cultures are highly compatible, thanks to both companies’ commitment to the mutual model. This merger will enable us to accelerate our growth across Canada, and better diversify our insurance portfolio,” Jean-François Chalifoux, Beneva President and CEO.