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Recent Cases Aug 31, 2019

Humania Assurance Acquires All the Assets of Tour+Med

Humania Assurance, a mutual insurance company, announced on August 13, 2019, its acquisition of all the assets surrounding Tour+Med, a major player in the Canadian short- and long-term travel insurance industry.

Working together for more than 10 years, the transaction between Humania Assurance and Tour+Med was a natural fit for both companies, who shared a common vision of growing and improving their service offering and product range.

BCF represented the acquirer, 9400-4256 Québec Inc. a subsidiary of Humania Assurance Inc. in the acquisition of all the assets of Multi+Med Inc., a Quebec company involved in the management and development of travel insurance markets, and Tour+Med Assistance, Inc. an American company based in Florida that provides assistance services to insured persons abroad.

The team was led by Mireille Fontaine and included Sabrina Brosseau-Malo, Rosanne Giguère (mergers and acquisitions and commercial), Eleonora Eusepi (real estate and banking), Paule Tardif (banking), Laurent Roy (real estate), Marc-André Godard (taxation), Nancy Boyle and Kevin Vincelette (employment law) and the assistance of Emilia Stoute (paralegal).

About Humania Assurance

Humania Assurance is a mutual that has been developing insurance solutions suited for the needs of Canadians for more than 75 years. It conceives innovative insurance protections available online, in order to simplify and accelerate the underwriting process, at a competitive price. The success of this strategic orientation now allows Humania Assurance to explore new technologies and to provide products that are centred on user experience to all Canadians. For more information: humania.ca

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