Mr. Rohit Thomas reports

BMO EXPANDS ACCESS TO TRUSTED TRAVEL INSURANCE THROUGH NEW PARTNERSHIP WITH REDION

Bank of Montreal has expanded its travel insurance offering through a new partnership with Redion, a global leader in travel insurance and assistance services. The collaboration enhances BMO Insurance's travel insurance portfolio for groups and individuals with flexible coverage options and a seamless digital experience, making it easy for Canadians to research, purchase and manage travel insurance coverage.

• Delivers a seamless digital experience that makes it easy for Canadians to obtain a quote for, purchase and manage travel insurance coverage on-line;
• Provides flexible coverage options backed by global expertise and support, helping Canadians travel with greater confidence;
• Redion is a global leader in travel insurance and assistance services.

"Travel should be about creating memorable experiences, not worrying about what could go wrong," said Rohit Thomas, president and chief executive officer, BMO Insurance. "Through our partnership with Redion, we're expanding access to travel insurance solutions that are simple to understand, easy to purchase and designed to help Canadians travel with confidence. This new offering reflects our commitment to delivering innovative, client-focused insurance solutions that meet people where they are and support them throughout their journeys."

Redion is one of the world's largest travel insurance providers, serving millions of travellers each year. The company provides medical assistance in multiple languages across more than 190 countries and handles approximately 200,000 travel medical assistance cases annually.

"We are excited to partner with BMO Insurance, bringing together two organizations committed to serving Canadians with simple, accessible and dependable travel protection," said Rob Iafrate, chief executive officer, head of branch -- Canada, Redion Group. "Care is at the heart of what we do. Our focus is on protecting Canadian travelers with solutions that reflect their needs and providing support when it matters most. Combining BMO Insurance's strong client relationships and commitment to innovation with Redion's global travel insurance expertise and assistance network gives travellers confidence and support wherever their journeys take them."

BMO travel insurance options include:

• Single trip plans: flexible protection designed for clients planning an individual trip or vacation;
• Multitrip/frequent traveller plans: designed for clients who travel multiple times throughout the year;
• Top-up plans: additional protection that complements existing travel insurance coverage;
• Visitors to Canada plans: travel insurance solutions designed for visitors to Canada, available through BMO Insurance Solutions.

Clients can choose from a range of straightforward coverage options, including All-In Comprehensive Coverage, Just Medical, and Trip Cancellation & Interruption insurance, making it easier to select the travel protection that aligns with their individual needs.

By combining BMO Insurance's client-focused approach with Redion's global travel insurance expertise, the partnership expands access to trusted travel protection solutions while advancing BMO Insurance's commitment to digital innovation and exceptional client experiences. The collaboration supports BMO Insurance's ongoing efforts to make insurance more accessible, intuitive and convenient for Canadians.

About Redion

Redion, a Generali company, is a world leader in assistance, travel insurance and employee benefits. The name, revealed in 2026, reflects the full maturity of the global care platform that has been operating under Generali Care, bringing together Europ Assistance and Generali Employee Benefits (GEB). Operating in more than 190 countries, with over 12,000 employees and 5.8 billion euros in annual business volume, Redion delivers services spanning travel insurance, medical assistance, employee protection, health, mobility, personal lines solutions, as well as global B2B2C and embedded insurance programs. Within its employee benefits offering, Redion builds on a global network of 224 active partners to provide multinational clients with protection, health, pension and well-being solutions across markets, combining global scale, local expertise and deep technical capabilities.

About BMO Insurance

BMO Insurance is a trusted provider of a comprehensive range of insurance products and services, supporting the diverse needs of individuals, families and businesses across Canada. BMO Insurance is a brand name of BMO Life Assurance Company.

BMO's solutions extend beyond life and annuities, encompassing creditor insurance, pet insurance, travel insurance and pension risk transfer solutions. At BMO Insurance, the bank is committed to empowering advisers and clients alike with innovative tools, personalized service and strategic insights that drive success.

As part of the broader BMO Financial Group, the bank is dedicated to helping its clients achieve their financial goals, backed by the strength and stability of one of North America's leading financial institutions. BMO Insurance's commitment to innovation and excellence reinforces BMO Insurance's position as a trusted partner for advisers and clients, now and in the future.

About BMO Financial Group

BMO Financial Group is the eighth-largest bank in North America by assets, with total assets of $1.5-trillion as of July 31, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets, and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose, to boldly grow the good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future and stronger communities.