TORONTO, April 8,
2022 /CNW/ - ICPEI Holdings Inc. (the
"Company") (TSXV: ICPH) is excited to announce that
effective April 6, 2022, the Company
subsidiary, The Insurance Company of Prince Edward Island (ICPEI), is licenced to
underwrite insurance in Alberta in
the following classes: Product Warranty, Property, Surety,
Equipment Warranty and Liability.
This is in addition to the licence granted to ICPEI in
January 2022 to write liability,
property, marine, surety and boiler and machinery business in
Newfoundland and Labrador.
This great news aligns with the Company's plan to continue
growing business throughout Canada
through strategic partnerships. These additional licences support
ICPEI's strategy of focusing on the growth of the commercial
business.
About ICPEI Holdings
Inc.
The Company, founded in 1998, operates in the Canadian property
and casualty insurance industry through its wholly owned subsidiary
The Insurance Company of Prince Edward
Island (ICPEI). ICPEI provides commercial and personal lines
of insurance products exclusively through the broker channel. The
Company trades on the TSX Venture Exchange under the symbol
ICPH.
Forward-looking
Information
This news release contains forward-looking information based on
current expectations. This information includes, but is not limited
to, statements about the operations, business, financial condition,
priorities, targets, ongoing objectives, strategies, litigation
outcomes and outlook of the Company. These statements, which appear
in this press release generally, can be identified by the use of
forward-looking words such as "may," "will," "expect," "intend,"
"estimate," "anticipate," "believe," "plan," "would," "should,"
"could," "trend," "predict," "likely," "potential" or "continue,"
or the negative thereof and similar variations.
This information is based upon certain material factors or
assumptions that were applied in drawing a conclusion or making a
projection as reflected in the forward-looking information. By its
nature, this information is subject to inherent risks and
uncertainties that may be general or specific. A variety of
material factors, many of which are beyond the Company's control,
affect the operations, performance and results of its business and
could cause actual results to differ materially from the
expectations expressed in any of this forward-looking
information.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE ICPEI Holdings Inc.