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Two months later, Friends Provident acquired RSA's offshore life unit International Financial Services Limited, based on the Isle of Man, for £133 million. [27] In July 2002, RSA sold its group risk business to Canada Life for £60 million. [28] RSA was forced to close its life business, with the loss of 1,200 jobs, in August 2002. [29]
Royal and Sun Alliance (1996–2025) The Western Assurance Company was a Canadian insurance company that has operated from 1851 to 2025. Western was one of the country's earliest fire insurance companies and played an important role in the development of the industry in Canada.
To strengthen its life business, Royal bought Lloyd’s Life in 1985 for £93 million, followed by the US life company Macabees in 1989. Like other financial institutions, in 1985 Royal started buying chains of estate agents, continuing right until the end of the housing boom; by October 1988 it had a controlling interest in 772 branches.
Renamed the Royal Insurance Company of Canada in 1976 and the Royal & Sun Alliance Insurance Company of Canada (RSA) in 1996. Acquired by Intact in 2021. Canadian Pioneer Insurance Company 1960 1978 Merged into General Accident Assurance. Caradoc Delaware Mutual Insurance Company 1884 2018
Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines ...
In 2001, Maritime Life purchased Royal & SunAlliance Life Insurance Company, with total assets for the company approaching $13.5 billion and net income exceeding $100 million. In 2003 it acquired the insurance business of Liberty Health and in 2004, for the fifth consecutive year, it was recognized as one of "The 50 Best Employers in Canada" as ...
Sun Alliance Group plc was a large insurance business with its main offices in the City of London and later Horsham. It was created in 1959 by the merger of Sun Insurance, founded in 1710, and Alliance Assurance founded in 1824. In 1996 Sun Alliance merged with Royal Insurance to form the Royal & Sun Alliance Insurance Group.
As of 2024, the company has five offices across Canada with more than 300 employees. 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 ...
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