ING to merge ING Western Union into ING Insurance

Date July 2, 2003
The merger of these two organizations is part of a strategy aimed at creating a global and powerful financial services brand in the countries where ING is offering a wide range of insurance, banking and investment products and solutions. ?As ING is expanding its product offering in Canada to include more financial products, it becomes important that consumers across the country easily recognize the ING name and what it stands for?, said Claude Dussault, President and CEO of ING Canada. ?Regrouping a number of our operating companies under the same brand will allow us to increase the awareness of ING as a financial services provider.? The merger of ING Western Union with ING Insurance is the latest step in a process started in 2002 when a number of ING insurance companies were merged.

ING is currently Canada's largest property and casualty insurance group. One of the keys to ING's success in Alberta and British Columbia has been the strong relationships that ING has established over the years with the brokers of these two provinces, explained Jetse de Vries, President of ING Canada Western Region. ?By merging our operating companies and offering our network of independent brokers the benefits of a powerful brand, we are strengthening their ability to develop their market presence?, said de Vries.

Amsterdam-based ING Group is a global leader in financial services with assets totaling more than CDN $1 000 billion. ING is active in 60 countries employing more than 115,000 people. In Canada, ING is creating one of the most innovative financial services organizations by providing insurance, banking and investment products and services to approximately 4 million customers via the Internet, over the phone, or in person. ING is Canada's leading property and casualty insurance group with annual premiums of $3 billion. It also offers a wide variety of banking and financial products under the ING Funds and ING Direct brands.

For more information:
Gilles Gratton
Director, Corporate Communications
ING Canada
(416) 217-7206

Barbara Conkie
Vice-President, Marketing
ING Western Union
(403) 232-3232

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