Ontario Teachers’ Pension Plan, Toronto, is re-examining its private equity unit, aiming to lean more on partnerships rather than owning entire firms as it seeks to mitigate risk.

Westland is a Surrey, British Columbia-based insurance brokerage focused on the Canadian market. In 2023, Westland entered into an investment partnership with Ontario Teachers’ Pension Plan.

The defined-benefit plan, which is fully funded as at January 1, 2021, invests and administers the pensions of the province of Ontario's 331,000 active and retired teachers.

Now Ontario Teachers’ — which oversees C$266.3 billion ($185.2 billion) — will focus that business “more on a partner basis,” Chief Executive Officer Jo Taylor said in an interview.

The Ontario Teachers' Pension Plan said on Tuesday it is buying AIG Inc's <AIG.N> Canadian mortgage insurance business, which has assets of C$274 million ($263 million).

Ontario Teachers' Pension Plan is exploring a potential sale of Mitratech that could value the provider of legal and compliance software at more than $4 billion, including debt, according to ...