# UV Insurance UV Insurance is an Insurance based in Drummondville, Canada. ## Overview - **Organization type:** Insurance - **Headquarters:** Drummondville, Canada - **Region:** North America - **Address:** 1990 Rue Jean-Berchmans-Michaud, Drummondville, QC J2C 7G7, Canada - **Founded:** 1891 - **Assets under management:** Undisclosed - **Website:** uvinsurance.ca - **LinkedIn:** https://www.linkedin.com/company/uv-mutuelle-compagnie-d%27assurance ## Regulatory record - **Reports private funds:** No ## About UV Insurance was founded in 1889 in Drummondville, Quebec, and has operated for over 130 years as a Canadian mutual life and health insurer owned by its policyholders rather than public shareholders. Christian Mercier, a former military officer, took over as CEO in 2016 and has led the firm's push into modernized digital distribution and strategic partnerships. The board is chaired by Alain Bédard, a former senior executive at a major Canadian financial group, with governance oversight led by Director Jean-François Brouillard of the law firm Cain Lamarre. The general account portfolio is allocated across Canadian commercial real estate, directly originated private credit to mid-market companies, and infrastructure co-investments that generate the long-duration, inflation-sensitive cash flows needed to back life, critical illness, and disability policies. The firm owns and operates its Drummondville headquarters at 1990 Rue Jean-Berchmans-Michaud and a secondary office in Boucherville as physical assets on the balance sheet. A strategic distribution partnership with Assumption Life, another Canadian mutual insurer, expands UV's reach for registered investment accounts and segregated funds. Confirmed holdings include the UV Insurance Corporate Art Collection, signaling a tangible-asset appreciation embedded in the firm's investment culture. The firm employs a lean operating model typical of Canadian mutuals of its size, with a distribution network of independent advisors and a growing digital direct-to-consumer capability. UV Insurance counts ICMIF among its industry affiliations and is a member of Assuris, the protection fund that guarantees policyholder obligations in the event of insolvency for Canadian life insurers. In May 2024, the firm maintained its ranking in the ICMIF Global 500, placing it among the largest mutual insurers by premium volume globally — the product of steady organic growth rather than acquisition-led scale. What distinguishes UV Insurance from an institutional asset manager is its mutual charter: the absence of publicly traded equity means it answers only to the policyholder base and a board of directors, not to quarterly earnings targets. This structure permits a liability-driven investment policy that can hold illiquid private assets without the mark-to-market volatility constraints imposed on shareholder-owned insurers. The resulting portfolio behaves more like a family office general account than a typical insurance treasury, with assets held to maturity and minimal turnover. ## Sectors - Insurance - Private Credit - Real Estate - Infrastructure ## Offices - Boucherville, Quebec, Canada ## People - Christian Mercier — Chief Executive Officer - Alain Bédard — Chair of the Board of Directors - Jean-François Brouillard — Director and Chair of the Ethics and Governance Committee ## Questions ### Who runs investment decisions at UV Insurance? CEO Christian Mercier oversees the investment portfolio as part of his executive mandate, supported by the board chaired by Alain Bédard. The firm has not publicly disclosed a dedicated CIO, which is common among smaller Canadian mutual insurers where the CEO and board investment committee directly manage the general account. Jean-François Brouillard chairs the Ethics and Governance Committee, providing oversight on risk and compliance. ### How does UV Insurance's mutual structure affect its investment strategy? As a mutual owned by policyholders, UV Insurance is not subject to shareholder return demands or quarterly earnings pressure. This permits a liability-driven investment policy focused on holding illiquid private assets — such as directly owned commercial real estate and private credit — to maturity. The structure aligns investment horizons with the long-duration nature of its life and disability insurance liabilities. ### What asset classes does UV Insurance invest in? The general account is allocated across Canadian commercial real estate, directly originated private credit to mid-market companies, and infrastructure co-investments. The firm also holds its own headquarters and a secondary office in Boucherville as balance-sheet real estate assets. A corporate art collection reflects a broader tangible-asset investment philosophy. ### How is UV Insurance related to Assumption Life? Assumption Life, another Canadian mutual insurer, has a strategic distribution partnership with UV Insurance for registered investment accounts and segregated funds. This is a business development arrangement rather than an ownership link — both firms remain independent mutual entities with distinct member bases and balance sheets. ### Where does UV Insurance's capital come from? Capital is generated entirely from policyholder premiums across life, critical illness, and disability insurance lines, as well as investment and retirement products. As a mutual insurer founded in 1889, there is no external equity capital or founding family wealth — the firm is owned by its participating policyholders, and surplus is retained to strengthen the balance sheet. ## Related profiles - [Utour Group](https://altss.com/profile/utour-group) - [UX Wealth Partners](https://altss.com/profile/ux-wealth-partners) --- Last updated: 2026-07-08T22:36:24.408Z Canonical page: https://altss.com/profile/uv-insurance Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology