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The current company is the result of the 2020 amalgamation of The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company, along with their holding companies (London Insurance Group Inc. and Canada Life Financial Corporation). [2] The company is a wholly owned subsidiary of Great-West Lifeco. [1]
Founded as the Travellers Life Assurance Company of Canada; name changed in 1924. Merged into Empire Life. Mutual Life Assurance Company: 1868 2002 Renamed Clarica Life in 2000. Acquired by Sun Life in 2002. National Life Assurance Company of Canada 1897 2005 Merged into Industrial Alliance Insurance North American Life Assurance Company: 1881 1995
The Great West Life Assurance Company is Canada's biggest insurance company. The subsidiary became Canada's leader in 2003 when it paid Cdn$7.3 billion (US$4.7 billion) for Canada Life Financial. [7] [34] Products include trust securities. Great-West Life, Canada Life, and London Life were rebranded as the new Canada Life on January 1, 2020
The Mutual Life Assurance Company of Canada was a Canadian insurance company that existed from 1868 to 2002. The company's articles of incorporation received royal assent in the Parliament of Ontario on 19 December 1868 as the Ontario Mutual Life Assurance Company. [1] In 1900, it changed its name to the Mutual Life Assurance Company of Canada.
Securian Canada is the Canadian subsidiary of Securian Financial Group, a provider of insurance, investment, and retirement solutions based out of St. Paul, Minnesota, United States. Its roots go back to 1955, when the Canadian Premier Life Insurance Company was incorporated.
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Standard Life first established a presence in Canada through John George Irvine, who took an agency in Quebec in 1834. [2] Spencer Campbell Thomson, son of the manager of the Standard Life Assurance Company, visited Canada in 1882 and approved a new Canadian head office in St James Street.
Work on the new headquarters of the Canada Life Assurance Company began in 1929 and it opened in 1931. It was the fourth building to serve as the headquarters of Canada Life, Canada's oldest, and at the time largest insurance company. Previously it had been housed in offices at Bay and King Street.