Beneva and Gore Mutual have completed their merger, effective Jan. 1, 2026, following the initial announcement of the transaction in January 2025. The merger forms part of Beneva’s long-term growth strategy.
All required legislative and regulatory approvals were obtained, including approvals from the mutual members of both organizations, the Competition Bureau, and other governing authorities. Private bills enabling the transaction were also adopted by the Senate of Canada and the Quebec National Assembly.
Over the next year, Gore Mutual will combine its operations with Unica, Beneva’s Ontario-based subsidiary. During the transition period, Gore and Unica will continue to operate as separate businesses. Gore is expected to eventually operate as a standalone subsidiary under the Beneva brand.
The merger brings together two mutual insurers and expands Beneva’s presence in the Canadian property and casualty market. The combined organization is expected to increase scale and diversification across regions and product lines while maintaining the mutual ownership model.
Beneva said the merger supports its growth objectives and positions the organization to expand nationally. As part of the transaction, Andy Taylor has joined Beneva’s Executive Management Committee, and Gore Mutual’s employees have been integrated into the broader Beneva organization.
Effective Jan. 1, Taylor assumed the role of executive vice president and leader, P&C Ontario and West at Beneva, with responsibility for Gore and Unica. Unica’s leadership team will continue to oversee operations and support the transition.
Beneva and Gore said the merger is intended to combine expertise and resources to support product development and service delivery in the property and casualty segment, with a focus on serving members and broker partners.
The integration will take place in two phases. The first phase, beginning in January 2026, will focus on aligning insurance operations, systems, and workflows. The second phase will involve further integration of Gore and Unica into Beneva, where applicable.
Following the closing of the merger, Gore Mutual’s members became members of Beneva Mutual. Gore Mutual Insurance Company has changed its legal name to Gore Insurance Company. The company said the change has no impact on customers or brokers. Gore’s brand will remain in use throughout 2026, with a transition to the Beneva brand expected within approximately one year.
