Power Financial Corp (PWF.TO)
* Power Financial reports second quarter and six-month financial results and dividends
(The following statement was released by the rating agency) NEW YORK, May 24 (Fitch) Fitch Ratings expects to assign an 'A' rating to Great-West Lifeco Finance (Delaware) LP's USD700 million 4.15% senior notes due 2047, which are anticipated to close on May 26, 2017. KEY RATING DRIVERS The rating assigned is equivalent to the rating on Great-West Lifeco's senior notes, as the debt is fully and unconditionally guaranteed by Great-West Lifeco. Fitch expects a portion of the proceeds will be used f
* Raised $50 million Series B investment from Power Financial Corp group of companies, bringing Power's total investment in Wealthsimple to $100 million Source text for Eikon:
TORONTO, May 11 Power Financial Corp has invested C$50 million ($37 million) in "robo-adviser" Wealthsimple, bringing its total investment in the 2-year-old financial technology company to C$100 million, they said on Thursday.
* Power Financial reports fourth quarter and 2016 financial results and dividend increase
(The following statement was released by the rating agency) NEW YORK, March 17 (Fitch) Fitch Ratings has affirmed the ratings of Great-West Lifeco (TSE: GWO) including the holding company's Issuer Default Rating (IDR) at 'A+' as well as the Insurer Financial Strength (IFS) ratings of all operating subsidiaries at 'AA'. The Rating Outlook is Stable. A complete list of rating actions follows at the end of this release. The ratings affirmation is based upon the company's very strong capitalizat
Feb 22 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:
TORONTO, Feb 22 One of Canada's largest insurers, Power Financial Corp, is investing in a Toronto-based startup with global ambitions to automate key segments of the insurance industry.