April 27, 2015

SSQauto: Agreement with Members of the SSQauto Employees’ Union

SSQ Financial Group has announced that members of the SSQauto Employees’ Union have ratified a new collective agreement. As a result, the general strike will end.

"The agreement between the parties demonstrates an understanding of the issues surrounding the sustainability of our pension and group insurance plans. For over 70 years, SSQ Financial Group has staked its growth on innovative products and quality customer service, and earned a reputation as a reliable and sought-after employer," said René Hamel, CEO of SSQ Financial Group.

The new collective agreement has a duration of six years, and covers the period from January 1, 2014, to December 31, 2019. All employees will return to work on April 30. Measures have been taken to ensure that activities return to normal as quickly as possible.

About SSQauto

SSQauto has been providing auto, home, and business insurance to group members and individuals in Quebec for more than twenty-five years. With its very competitive rates, unmatched service, and state-of the-art technology, SSQauto strives to redefine industry standards as it continues to develop and grow.

About SSQ Financial Group

With a business volume approaching $3 billion and nearly $11 billion in assets under management, SSQ Financial Group is a prominent mutualist diversified financial institution in Canada.

The Group serves over 1 million clients and employs 2,000 employees. SSQ, Life Insurance Company Inc., the Group's principal company, is recognized for its leadership in the group insurance industry and excellence and expertise in the investment and retirement sector. SSQ Financial Group has also made its mark through sustained growth in the home and auto insurance (SSQ General Insurance Company Inc.) and individual insurance (SSQ Insurance Company Inc.) markets.