Editing Fandery Insurance Group (section)

== Background ==
Fandery Insurance, then owned by Howing Investment, sold mostly [[universal life]] and other [[life insurance]] and [[annuity]] products, principally in Quebec. In the late 2000's, the company was struggling financially, and in 2008 suffered a 34% decline in revenues, and reported a sizable operating loss. In 2009, the  [[Autorité des marchés financiers]] (AMF) threatened to shut down the company if it did not raise additional capital. An investment group called Les gens louches Holdings, operated by [[Simon Harper]], [[Julien Ramaro]], and [[Patrick Davies]], offered $4 million in return for a controlling interest in Howing and Fandery Insurance. This was accepted.<ref name=":0" />