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Industrial Alliance is a Canadian insurance company with a diversified business ranging from wealth management to group pensions. It is a major player in the Canadian market where it serves three million people across the country and ranks fourth among insurance companies, however, the company has recently begun focusing on increasing its presence in the US market where it sees an opportunity for growth. Its first major expansion into the US market happened in April 2010 when it purchased American Amicable Life Insurance of Texas for $145 million. In 2010, Industrial Alliance listed in Forbes Magazine's "Global 2000" list of companies.
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