Members shift into Beneva mutual as two-stage integration reshapes P&C business
Beneva has closed its merger with Gore Mutual, creating a larger mutual insurance group that will oversee Gore and Unica under a two-stage integration starting in January.
Effective January 1, Gore Mutual’s members have become members of Beneva Mutual, and Gore Mutual Insurance Company has changed its legal name to Gore Insurance Company.
The Gore brand remains in place through 2026, with a transition to the Beneva brand anticipated within one year.
All required approvals for the deal are in place, including support from mutual members of both organizations, the Competition Bureau and other governing authorities, and private bills adopted by the Senate of Canada and the Quebec National Assembly.
The integration will roll out in two phases.
Beginning in January 2026, Gore Mutual and Unica’s insurance operations will start to transition, including systems, workflows and responsibilities, with an emphasis on planning and implementing target operating models.
A second phase will then integrate Gore and Unica into Beneva where applicable.
Over the next year, Gore will combine its operations with Unica, an Ontario-based Beneva subsidiary, before operating as a standalone subsidiary under the Beneva brand.
Until that shift occurs, Gore and Unica will continue to run as separate businesses.
As part of the new structure, effective January 1, Andy Taylor becomes executive vice president and leader, P&C Ontario and West at Beneva, with overall accountability for Gore and Unica.
Unica’s leadership team will continue to guide operations and manage the transition.
