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The top insurance providers in Canada are Manulife, Canada Life (subsidiary of Great-West Lifeco), Sun Life Financial, Desjardins, and IA Financial Group (aka Industrial Alliance). [ 1 ] [ 2 ] Smaller insurers include those operating as subsidiaries of banks , such as CIBC Insurance and TD Insurance.
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.
In 2018, Singlife acquired the business portfolio of Zurich Life Singapore. [2] In 2020, Singlife and Aviva Singapore announced a merger deal valued at $3.2 billion, which made the combined company the largest insurer in Singapore. [3] On 13 September 2023, Aviva announced its withdrawal from the Singlife joint venture. [4]
Tweed was born in Vankleek Hill, Ontario in 1886, while his paternal grandparents had come to Canada from County Antrim. In 1888, the Tweed family moved to Winnipeg, where Sydney attended high school until the age of 15. After leaving school in 1891, he joined the Metropolitan Life Insurance Company, and remained with the company until 1901.
Manulife was incorporated as "The Manufacturers Life Insurance Company" by Act of Parliament on June 23, 1887, and was headed by Canada's prime minister, John A. Macdonald, and Ontario's lieutenant-governor, Alexander Campbell (there were no conflict-of-interest guidelines at the time and it was not unusual for public persons to be involved in private industry). [8]
Sun Life Financial Inc. is a Canadian financial services company. It is primarily known as a life insurance company. Sun Life has a presence in investment management with over CAD$1.3 [4] trillion in assets under management operating in a number of countries. [5] Sun Life ranks number 235 on the Forbes Global 2000 list for 2022.
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Having spent $6 billion on mergers and acquisitions since its founding, [6] in November 2019, FWD agreed to acquire Vietcombank-Cardif Life Insurance, a joint venture between Vietcombank and BNP Paribas Cardif, [24] for $400 million. [16] FWD announced in December 2019 it would exit its group medical insurance business in Singapore by December ...