Home Capital Group Inc HMCBF

Unity Life Agreement

[DaveAu]

This was mentioned in the Q3 results but there is now a seperate release of it: https://www.newswire.ca:80/en/releases/archive/November2007/06/c4687.html Unity Life of Canada and Home Trust Company announce an agreement to offer insurance products to Home Trust clients TORONTO, Nov. 6 /CNW/ - Unity Life of Canada and Home Trust Company, one of Canada's premier trust companies, today announced that they have entered into an agreement to offer creditors' life insurance to Home Trust's customers under a Group Creditor Life Insurance Policy issued by Unity Life to Home Trust. While the terms of this agreement have not been disclosed, this relationship represents a major growth opportunity for both organizations. For Unity Life, it marks the company's first entry into the Group Creditor mortgage protection marketplace. Anthony Poole, President and CEO of Unity Life of Canada stated: "We welcome the opportunity to offer insurance products to Home Trust's growing client-base. This is our first step in building what promises to be a mutually beneficial relationship." This business relationship with Home Trust continues Unity Life's growth and commitment as one of Canada's leading niche insurance carriers. The agreement enables Home Trust to offer expanded services to its customers. "We have had numerous requests from our customers for mortgage life insurance", said Nick Kyprianou, Sr. Vice President and COO. "It allows us to meet the needs of our customers and enables us to diversify into additional product offerings." About Unity Life Unity Life of Canada is a Canadian incorporated mutual life insurance company, which provides financial security to Canadians through innovative life insurance products and services. The company originated in 1898 as the Insurance Department of the Subsidiary High Court of the Ancient Order of Foresters. It was incorporated as a mutual company in 1934, subsequently changing its name to Toronto Mutual Life Insurance Company. In 2002, Toronto Mutual Life amalgamated with its subsidiary, The Western Life Assurance Company, as Unity Life of Canada. Based in Mississauga Ontario, Unity Life currently has more than 175,000 policyholders, $13 billion of insurance inforce, and over $500 million in assets. Unity Life's web address is www.unitylife.ca. About Home Trust Home Capital Group Inc. is a holding company, publicly traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering deposit, mortgage lending, retail credit and credit card issuing services. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia and Québec. For further information: Media Contacts: Gerald M. Soloway, President & CEO, or Nick Kyprianou, Sr. Vice President & COO, Home Trust Company, [phone], www.hometrust.ca; Alison Stemp, Unity Life of Canada, [phone], astemp@unitylife.c