News from 2003

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July 10, 2003

A.M. Best Upgrades Rating of Gerling Canada Insurance Company

Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) of Gerling Canada Insurance Company (Ontario), which will be known as GCAN Insurance Company in the near future. The rating outlook is stable.

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July 7, 2003

Opportunity Knocked, TorQuest Answered

Three months back, buying a financial services company was probably the farthest thing from the mind of TorQuest Partners, a Toronto-based manager of private-equity funds.

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June 30, 2003

Canadian Financial Investors Acquire Gerling Insurance Group’s Canadian Insurance Operations

Toronto, Ontario – TorQuest Partners Inc., Newport Partners Inc., CIBC Capital Partners, a division of Canadian Imperial Bank of Commerce, and company senior management ("the Investors") announced today that they have acquired Gerling Canada Insurance Company.

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