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Partnership Announcement
 So as to assist in the further expansion of the company’s growing presence in the Canadian structured settlement marketplace and beyond, the management of Henderson Structured Settlements is proud to announce the partnership between its shareholders and Genstar Capital, LLC, a major private equity company. The core values, service standards, operations and personnel that have ensured Henderson’s growing presence in the structured settlement marketplace remain firmly intact, and the company looks forward to earning even greater client support as Your Partners in Service®.
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 We've moved our Vancouver Office. Our address and contact information is now as follows:
701 West Georgia Street, Suite 1500
Vancouver, BC, Canada V7J 1C6
Tel. 604.628.9898
Toll Free. 1.800.263.8537
Fax. 604.608.1014 |
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Welcome to Danielle MacNeil!
 The Henderson name has been, throughout its 27-year history, associated with the very highest standard of professionalism and civility. These values extend throughout our operation and are characteristic of the people we look to employ.
With this in mind, we would like to present our newest associate, Danielle MacNeil, B.Sc. Danielle’s formal training in actuarial science and work experience with the late Bernie Younder at TSSC is complement to the background and skills of our existing professional staff.
Please join us then in welcoming Danielle MacNeil to the Henderson Structured Settlements team.
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FOR IMMEDIATE RELEASE:
BMO Bolsters BMO Life With New Products and New Distribution
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Completes acquisition of AIG Life Insurance Company of Canada
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All-cash transaction valued at approximately C$329.5 million.
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Accretive to earnings in Year 1.
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Impact on BMO’s Tier 1 Capital under 10 bps. |
TORONTO, April 1, 2009 – BMO Financial Group today announced that it has completed the acquisition of AIG Life Insurance Company of Canada (AIG Life of Canada). The acquisition, which was announced January 13, 2009, is an all-cash transaction valued at approximately C$329.5 million.
“This acquisition will strengthen BMO Life’s competitive position, giving us immediate scale and capabilities in the life insurance market and will allow us to meet our clients unmet insurance needs,” said Gilles Ouellette, President and Chief Executive Officer of BMO’s Private Client Group. “To secure their lifestyle and retirement needs, our clients are looking for both investment and tax-efficient insurance solutions. To help our clients, BMO Nesbitt Burns Inc. has more than 800 investment advisors who are also life insurance agents, and in Quebec, financial security advisors with BMO Nesbitt Burns Financial Services Inc.”
With the completion of the acquisition, BMO Life is strengthened with 300 new employees, 400,000 customers, Managing General Agents, and a network of more than 5,000 brokers across the country.
BMO Life intends to build on the already strong relationships with the Managing General Agents and is committed to providing outstanding support and service to brokers.
Effective April 1, 2009, AIG Life of Canada becomes BMO Life Assurance Company and will adopt the BMO Insurance brand for all of its marketing, broker and customer communications. It will operate within BMO’s wealth management division, the Private Client Group.
BMO Capital Markets acted as exclusive financial advisor to BMO Financial Group on this transaction.
Founded in 1981 and located in Hamilton, Ontario, Canada, Henderson Structured Settlements is a longtime, recognized leader in the Canadian structured settlement market. The company is licensed with all five major life insurance companies presently underwriting structured settlements in Canada.
Contact:
Robert (Bob) Nigol, B.A., M.A.
Managing Partner
Henderson Structured Settlements
21 Bold Street
Hamilton, Ontario
L8P 1T3
Toll free (North America): 1-800-263-8537
Phone: 905-523-6000
Fax: 905-523-6006
nigol@henderson.ca
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FOR IMMEDIATE RELEASE:
Hamilton, Ontario – January 13, 2009 - BMO to Acquire AIG Life Insurance Company of Canada*
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As you are likely aware from media reports over the past few months, the adverse effects of volatile financial markets and unrealized market losses on investments tied to U.S. housing and credit markets, have negatively impacted the financial performance of our parent holding company, American International Group, Inc. (AIG Inc.). Agreements to address AIG Inc.'s liquidity issues were put in place with the U.S. Treasury and U.S. Federal Reserve Bank, including a credit facility, a preferred share issue and other one-time transactions.
AIG Inc. announced a plan on October 3, 2008 to refocus the company on its core global property and casualty insurance businesses, maintain an interest in its Asia life insurance operations, and explore opportunities to sell its other high-quality businesses, including AIG Life Insurance Company of Canada (AIG Life of Canada), to help repay its government loan.
Today, I am pleased to announce that BMO Financial Group has agreed to acquire AIG Life of Canada.
As Canada’s 4th largest bank based on total assets of $416 billion**, BMO Financial Group serves more than 7 million clients across Canada through an extensive branch network of retail, corporate and investment service operations. They are acquiring AIG Life of Canada in order to become a stronger, more competitive insurance provider in the growing Canadian marketplace. We anticipate the sale will close within the next two to four months once the agreement receives Canadian regulatory approval and all conditions are met.
As President and Chief Executive Officer of AIG Life of Canada, the important message that I wish to convey to you, our policyholder, is that your policy is safe and secure. This agreement to acquire AIG Life of Canada will not in any way alter the benefits and guarantees of your insurance policy or our strong commitment to customer service. You will continue to receive the same great service you’ve come to expect from us, with no interruption in coverage and benefits. No action is required on your part.
Over the next few months our respective management teams will be working to develop plans to transform our business under the BMO Financial brand. I trust that this news will give you added confidence in AIG Life of Canada, knowing that in the near future, it will become an integral part of one of Canada’s premier financial institutions. In the meantime, here are some additional facts you should know about the security of your policy with AIG Life of Canada:
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AIG Life of Canada is a well-capitalized, separate legal entity that operates only in Canada.
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The Office of the Superintendent of Financial Institutions (OSFI) regulates Canadian insurance companies, including AIG Life of Canada, and requires them to maintain enough capital and surplus to satisfy their obligations to their policyholders. AIG Life of Canada maintains assets, capital and surplus greater than OSFI’s requirements. These assets, capital and surplus are held solely in Canada.
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AIG Life of Canada's financial strength ratings remain competitive and continue to represent a strong ability to meet its financial obligations to policyholders.. |
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Current Financial Strength Ratings:
AIG Life Insurance Company of Canada
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Agency
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Rating
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Descriptor
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Definition
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Standard & Poor's
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A+
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Strong
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“An insurer rated ‘A’ has STRONG financial security characteristics, but is somewhat more likely to be affected by adverse business conditions than insurers with higher ratings.”
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A.M. Best Company
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A
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Excellent
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“Assigned to companies that have, in our opinion, an EXCELLENT ability to meet their ongoing insurance obligations.”
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Should you have any additional questions or concerns please do not hesitate to contact the AIG Life of Canada Client Services Department at 1-800-387-4483. Thank you for allowing AIG Life of Canada to continue to meet your insurance needs.
*BMO Financial Group will purchase the Canadian holding company, AIG Life Holdings (Canada) ULC, and thereby acquire AIG Life Insurance Company of Canada. AIG Assurance is a trade name used by AIG Life Insurance Company of Canada
** Total Assets as at Oct 31/08.
Sincerely,
Peter C. McCarthy, TEP
President and Chief Executive Officer
Founded in 1981 and located in Hamilton, Ontario, Canada, Henderson Structured Settlements is a longtime, recognized leader in the Canadian structured settlement market. The company is licensed with all five major life insurance companies presently underwriting structured settlements in Canada.
Contact:
Robert (Bob) Nigol, B.A., M.A.
Managing Partner
Henderson Structured Settlements
21 Bold Street
Hamilton, Ontario
L8P 1T3
Toll free (North America): 1-800-263-8537
Phone: 905-523-6000
Fax: 905-523-6006
nigol@henderson.ca
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Welcome to Daniel K. Carroll!
 The Henderson name has been, throughout its 27-year history, associated with the very highest standard of professionalism and civility. These values extend throughout our operation and are characteristic of the people we look to employ.
With this in mind, we would like to present Daniel Carroll, B.Comm. Daniel’s fluency in both official languages and Spanish, along with his strong marketing background, ensures even greater access, nation-wide, to the company’s many value-added services, which are offered, as they have always been, completely free-of-charge.
Please join us then in welcoming Daniel Carroll to the Henderson Structured Settlements team.
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Welcome to James (Jim) Oates!
 The Henderson name has been, throughout its 27-year history, associated with the very highest standard of professionalism and civility. These values extend throughout our operation and are characteristic of the people we look to employ.
With this in mind, we would like to present Jim Oates, B.A., CMA. Jim’s background and skills in management accounting and financial analysis are a complement to the background and skills of our existing professional staff and will be very much in evidence in the production of the value-added services that Henderson Structured Settlements continues to provide to clientele free-of-charge.
Please join us then in welcoming Jim Oates to the Henderson Structured Settlements team.
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FOR IMMEDIATE RELEASE:
AIG Life Company of Canada Remains Strong
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Hamilton, Ontario – September 17, 2008 – Structured Settlements placed with AIG Life Insurance Company of Canada are safe and secure
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AIG Life of Canada remains a strong, secure, well-capitalized business. It is a separate legal entity that operates only in Canada and has not been affected by the U.S. credit crisis.
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Insurance is a highly regulated industry and AIG’s insurance subsidiaries in Canada and around the world are subject to stringent regulation in their home countries to ensure that they maintain enough capital and surplus to satisfy their obligations to their policyholders.
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In Canada, the Office of the Superintendent of Financial Institutions for Canada (“OSFI”) regulates Canadian insurance companies for regulatory compliance and financial solvency. This includes ongoing financial reporting to OSFI and undergoing periodic financial examination. OSFI regulates AIG Life of Canada.
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AIG Life of Canada maintains assets, capital and surplus significantly greater than OSFI’s requirements. These assets, capital and surplus are in Canada.
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AIG Life of Canada has no investments in either U.S. sub-prime mortgages or similar U.S. assets, which have caused the credit crisis, nor any investments in Canadian Asset Backed Commercial Paper (ABCP).
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AIG Life of Canada is reinsured by Assuris to the extent of the greater of $2K per month or 85% of the income produced by a structured settlement.
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AIG Life of Canada and Assuris are further reinsured by the owner of the structured settlement; usually, the casualty insurer that consented to it at the time of settlement.
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Founded in 1981 and located in Hamilton, Ontario, Canada, Henderson Structured Settlements is a longtime, recognized leader in the Canadian structured settlement market. The company is licensed with all five major life insurance companies presently underwriting structured settlements in Canada.
Contact:
Robert (Bob) Nigol, B.A., M.A.
Managing Partner
Henderson Structured Settlements
21 Bold Street
Hamilton, Ontario
L8P 1T3
Toll free (North America): 1-800-263-8537
Phone: 905-523-6000
Fax: 905-523-6006
nigol@henderson.ca
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Partnership Announcement
 So as to assist in the further expansion of the company’s growing presence in the Canadian structured settlement marketplace, the management of Henderson Structured Settlements is proud to announce the partnership between its shareholders and Granite Partners, a major Canadian private equity company. The core values, service standards, operations and personnel that have ensured Henderson’s growing presence in the structured settlement marketplace remain firmly intact, and the company looks forward to earning even greater client support as Your Partners in Service®.
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Welcome to Barry Chobotar!
 The Henderson name has been, throughout its 25-year history, associated with the very highest standard of professionalism and civility. These values extend throughout our operation and are characteristic of the people we look to employ.
With this in mind, we would like to present our newest consultant, Barry Chobotar, B.Comm., LL.B.. Barry’s extensive experience in personal injury litigation and the use of structured settlements is something we invite all clientele, both present and prospective, to leverage.
Please join us then in welcoming Barry Chobotar to the Henderson Structured Settlements team.
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Open House
 You are cordially invited to an open house in celebration of our new premises at 21 Bold Street, in the heart of Hamilton’s James Street South District.
Wednesday October 3, 2007
4 p.m. - 8 p.m.
Please R.S.V.P. Nancy Jones by September 21, 2007 at either jones@henderson.ca or 905-523-6000.
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We've Moved
 We've moved our offices to our new downtown Hamilton location. Our address and contact information is now as follows:
21 Bold Street Hamilton
Ontario Canada L8P 1T3
Tel. 905.523.6000
Toll Free 1.800.263.8537
Fax. 905.523.6006
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In Memory of our Founder, Roy Henderson
It is with sadness that we announce the passing of our founder and namesake, Roy Henderson. We wish to extend condolences to his family and all those who knew and loved Roy and assure them that his memory and devotion to basic human decency will live on in the company that he created over 25 years ago.
The Owners and Staff of Henderson Structured Settlements
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25th Anniversary Charity Golf Event
 Our Tournament, held at the Brantford Golf & Country Club on September 9, 2006, was a great success! Thank-you to all who participated and helped to raise funds for our two worthy charities, the Canadian Paraplegic Association and the Ontario Brain Injury Association.
View Thank-you Notice
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