Beneva Completes Merger with Gore Mutual

January 1, 2026

Beneva and Gore Mutual completed their merger effective January 1, 2026, combining two mutual insurers to expand Beneva's presence in the Canadian property and casualty market. Gore Mutual will combine operations with Beneva subsidiary Unica and is expected to operate as a standalone Beneva subsidiary while brands transition over the next year; all required regulatory and member approvals were obtained.

Buyers
Beneva
Targets
Gore Mutual Insurance Company (now Gore Insurance Company)
Industry
Insurance
Location
Ontario, Canada
Transaction Type
Buyout

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