(Kingston, ON – February 23, 2023) – The Board of Directors of The Empire Life Insurance Company (Empire Life) today declared the following cash dividends:
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Paul Holba, Senior Vice President and Chief Investment Officer, announces the appointment of Ashley Misquitta, CFA, Senior Portfolio Manager, as Investment Strategist for the Empire Life investment team. This expanded role will see Ashley conduct research and provide insight that will add another layer of information for the team to use when making investment decisions.
Ashley will further use these insights in various mediums to help inform and educate advisors and investors about any major events or changes impacting global markets.
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(Kingston, ON – February 2, 2023) – Continued mental health support, increased need for access to health care services, customer experience improvements driven by technology, and a heightened need for consultative, advice-based selling will be key trends in group benefits in 2023 according to Stephen Frank, President and CEO of the Canadian Life and Health Insurance Association (CLHIA), and Mark Sylvia, President and CEO of The Empire Life Insurance Company (Empire Life).
(Kingston, ON – January 26, 2023) – Empire Life is pleased to announce that Empire Life Asset Allocation GIF and Empire Life Short Term High Income GIF have been recognized for their exceptional risk-adjusted performance over the previous calendar year, each winning a Fundata FundGrade A+ Award.
If you read the headlines, 2022 was a challenging year – high inflation in developed countries, a rising interest rate environment and continued geopolitical challenges driving up commodity prices.
(Kingston, ON – January 10, 2023) – The Empire Life Insurance Company (“Empire Life” or the “Company”) announced today that it intends to issue in Canada, by way of private placement, $200 million principal amount of 5.503% subordinated unsecured fixed/floating debentures due January 13, 2033 (the “Debentures”).
The offering is expected to close January 13, 2023. The net proceeds of the issue will be used for regulatory capital and general corporate purposes, which may include the redemption of outstanding debt.
New service provides rapid access to psychiatric care within days, not months
In the 2022 budget, the federal government announced it will extend paid EI sickness benefits from 15 to 26 weeks. The government has confirmed that December 18, 2022 is the effective date of this change.
The Quebec Drug Insurance Pooling Corporation (QDIPC) has published its 2023 update of Quebec group insurance pooling terms and conditions, and Empire Life has begun to apply the new pooling thresholds and fees. This will affect all 2023 renewal calculations and quotes that involve Quebec plan members.
What’s Changing?
Pooling thresholds