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Amalgamation

Approval
Press Release

If you are not insured with Townsend Mutual yet, then this message may not be for you. It’s okay to stop reading now.

But if you are one of our valued customers, then you are also one of our members. We don’t have any shareholders. Instead, a mutual insurance company like Townsend is accountable to our members. We exist only for your benefit. You are in the driver’s seat, and we want to let you know about something important.

At a Special General Meeting on June 28, our members voted strongly in favour of amalgamating with Caradoc Delaware Mutual Insurance Company (CDM). And on that same day, the CDM members voted to amalgamate with us.

Here is our joint Press Release

Anticipating final approval from the Financial Services Commission of Ontario in the coming days, our amalgamation will take effect on January 1st, 2018. We'll keep you informed on our progress...watch this space for updates!