Insurance

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Beneva

Beneva is a subsidiary of ParagonCorp, a beauty company that owns halal cosmetics brands including Wardah, Emina, Makeover, and Kahf. It is headquartered in...

Beneva

Beneva is a subsidiary of ParagonCorp, a beauty company that owns halal cosmetics brands including Wardah, Emina, Makeover, and Kahf. It is headquartered in Indonesia.

General information

Firm type

Insurance

Location

Region

North America

Country

Canada

City

Quebec City

Corporate office

2525 boulevard Laurier, Quebec City, QC G1V 2L2, Canada

Principals

Jean-François Chalifoux

President and CEO

Jean St-Gelais

Chairman of the Board of Directors

Sector focus

Insurance

Frequently asked questions

Who runs investment decisions at Beneva?

Jean-François Chalifoux serves as President and CEO. Jean St-Gelais acts as Chairman of the Board.

Does Beneva participate in fund commitments or only direct deals?

Beneva holds direct ownership in Unica Insurance, L'Unique General Insurance and Gore Mutual Insurance Company.

Where does the underlying capital come from?

Beneva operates as a mutual insurer. Assets derive from policyholder premiums and investment returns on the general account.

What asset classes appear in Beneva's portfolio?

The general account includes fixed income, equities and commercial real estate totaling more than 1.4 million square feet.

Does Beneva maintain philanthropic structures?

The Beneva Philanthropic Engagement Committee was established in 2020 and focuses on health programs in Canada.

Which external investors hold stakes in Beneva?

Fonds de solidarité FTQ and Caisse de dépôt et placement du Québec are listed as co-investors.

How does Beneva approach ESG factors?

Beneva is a signatory to the UN Principles for Responsible Investment and the UN Principles for Sustainable Insurance.

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