Industrial Alliance Insurance and Financial Services Inc. (TSX:IAG) signed an agreement to acquire Dealers Assurance Company, Inc. from Dealers Alliance Corporation on September 21, 2017. In consideration, Industrial Alliance Insurance and Financial Services acquired Dealers Assurance Company and Southwest Reinsure, Inc. for approximately $140 million on September 21, 2017. Transaction is subjected to the usual regulatory approvals in Canada and the U.S. and is expected to close in the last quarter of 2017. Transaction is modestly accretive to earnings in 2018 and to contribute five cents per share in 2019 of Industrial Alliance Insurance. Industrial Alliance Insurance and Financial Services Inc. (TSX:IAG) completed the acquisition of Dealers Assurance Company, Inc. from Dealers Alliance Corporation on January 23, 2018.