IDC WIN: IDC Worldsource Insurance Network Inc. Acquires MGA Assets of AFL Groupe Financier Inc.

TORONTO, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Guardian Capital Group Limited (Guardian) (TSX:GCG) (TSX:GCG) announced today that its subsidiary, IDC Worldsource Insurance Network Inc. (IDC WIN), has acquired the life and health insurance and segregated fund assets of AFL Groupe Financier Inc. (AFL), a managing general agency (MGA) with its head office based in Quebec City, Quebec. Christian Laroche, President, Quebec Operations, IDC WIN, will assume leadership of AFL-related business, with Lyne Lapointe, AFL's current Executive Vice President, providing business continuity to both the team and affiliated AFL advisors. "This transaction reinforces IDC WIN's stated goal to be the primary MGA in the independent advice channel across Canada," said George Mavroudis, President and Chief Executive Officer, Guardian Capital Group Limited. "This is an exciting next step in IDC WIN's strategic direction," noted Phil Marsillo, President, IDC WIN. "The addition of AFL's business will expand our reach in Quebec City, adding to our already strong presence in Quebec and further demonstrating our commitment to the province." "We are ...Full story available on Benzinga.com