life insurance in canada

Canada Life Financial Corporation (French: Corporation Financière Canada-Vie), is a Canadian company that offers life, health, and disability insurance for groups and individuals.

Founded in 1847, it was acquired by The Great-West Life Assurance Company in 2003, after rejecting a hostile takeover bid by riva lManulife. Hugh Cossart Baker, Sr. established the first life insurance company in Canada 21 August 1847; the Canada Life Assurance Company.The firm was incorporated in 1849. The first head office was in Hamilton, Ontario on the top floor of the Mechanics' Institute on James Street near Merrick, where the Hamilton City Centre (formerly the Eaton's Centre) now stands. The head office remained in Hamilton until 1900, when the new president George Cox moved it to Toronto.He was the father of telephone pioneer Hugh Cossart Baker, Jr..

Canada Life is based in Toronto, Ontario at the historic Canada Life Building on University Avenue. It also commissioned the Canada Life Building in Montreal.

This is a partial list of Canadian insurance companies:

Current Insurance Carriers

• Allstate Insurance Company of Canada Canadian subsidiary of US parent company.
• Assumption Life based in Moncton, NB, Assumption Mutual Life Insurance Company, doing business under the name Assumption Life, offers: life insurance, critical illness insurance, financial services and investment solutions, commercial and individual mortgage loans, group benefit plans, individual pension plans and more. This mutual life insurance company have been in business since 1903 and is recognized as one of the top places to work for in Atlantic Canada.
• Aviva Canada Aviva Canada is the second largest Property & Casualty Insurer in Canada with a market share of 8.7% and Gross Written Premium (GWP) of $3.155B
• belairdirect (Belair Insurance Company Inc.) providing complete car and home insurance solutions direct to the consumer in Quebec and Ontario.
• Blue Cross
• BMO Insurance Part of BMO Financial Group.
• CAA Health & Dental Insurance
• The Co-operators: Largest Canadian-owned insurance business in Canada.
• National Bank Insurance National Bank General Insurance is a Property & Casualty insurance firm that provides automobile and home insurance services directly to Quebec residents under the National Bank Insurance banner.
• Desjardins Group Desjardins Financial Security Life Assurance Company is the life and health insurance arm of Desjardins Group. Desjardins is the 6th largest financial institution in Canada and 2nd largest property and casualty insurance carrier, after it purchased State Farm Canada in 2014.
• Economical Insurance Founded in 1871, economical Insurance is one of the largest property and casualty insuranc companies in Canada, providing home, automobile and commercial insurance products to over one million policyholders across Canada. Its head office is located in Waterloo, Ontario, with 17 branches and member companies across the continent providing service to policyholders and brokers. In Canada, Economical partners with approximately 900 independent insurance brokers who work with customers to assess their insurance needs and choose the right products and coverage.
• Empire Life The Empire Life Insurance Company (Empire Life) offers a full range of financial products and services - including personal life insurance, critical illness coverage, investment options, group life and health benefits and group RSP plans. Head Office is located in Kingston, Ontario, Canada.
• Equitable Life of Canada
• FaithLife Financial
• Federated Insurance Company of Canada Niche insurer specializing in property and casualty insurance for several commercial markets, for example contractors, auto dealers, equipment dealers, restaurants, grocery stores, woodworking, home builders', electricians, plumbers, heating and air conditioning, manufacturing, retail and wholesale,life and group benefits. Subsidiary of Northbridge Financial and member of Fairfax Financial family.
• Gore Mutual Insurance Company
• Great American Insurance Company Niche property casualty insurer specializing in Inland Marine, Property, Employment Practices Liability and other products.
• The Guarantee Company of North America Founded in 1872, the first Canadian company to offer fidelity bonds and the largest and oldest Independent Canadian Owned Insurance Company. Offers construction and miscellaneous surety and specialized insurance products (Director's and Officers Liability, Fidelity Insurance and Personal Lines for High Assets individuals.
• The Great-West Life Assurance Company is a life and health insurance company and was founded in 1891 in Winnipeg, Manitoba. Great-West Life is currently owned byGreat-West Lifeco, which is itself a joint-stock corporation traded on the Toronto Stock Exchange (TSX:GWO). Great-West Lifeco also owns the London Life Insurance Company, the Canada Life Assurance Company, and Great-West Life & Annuity Insurance Company and is the largest insurance provider in Canada. The majority owner of Great-West Lifeco is the Power Corporation of Canada who administer Great-West through the Power Financial Corporation.
• Independent Order of Foresters
• Industrial Alliance
• Insurance Corporation of British Columbia
• Intact Insurance Company of Canada is the largest Property and Casualty insurer in Canada. Purchased AXA's Canadian Business in June 2011
• Knights of Columbus
• Manulife Financial (Manufacturers Life Insurance Company) is a major Canadian insurance company and financial services provider. Although its global head office is located in Toronto, Ontario, Manulife has worldwide operations, most notably in the United States (through its subsidiary, John Hancock Insurance) and in 19 unique Asian countries and territories. Manulife Financial is the largest insurance company in Canada, the second largest in North America and the world's fifth largest, based on market capitalization.
• Medipac Travel Medical Insurance is the largest direct writer of Travel health Insurance for Canadians that live the Snowbird (people) lifestyle. Medipac provides insurance benefits endorsed by the Canadian Snowbird Association and the Royal Canadian Legion.
• Missisquoi Insurance Company The Missisquoi Insurance Company is the oldest Canadian owned property and casualty insurance company, having been established in 1835 in the Eastern Townships region of Quebec. It is now part of The Economical Insurance Group.
• National Life
• Primerica
• RBC Insurance
• Red River Mutual - operates in Manitoba & Saskatchewan, headquartered in Altona Manitoba
• SSQ Financial Group
• Standard Life is a major employer in Edinburgh, with 8,500 UK employees and over 12,000 worldwide. Standard Life plc acts as a holding company for the areas within Standard Life. Since demutualisation, the company structure is quite complex. Standard Life has an excess of seven million customers worldwide, with five million in the UK. Of these, 2.6 million are with profits members of the mutual.In 2015, Manulife Financial acquired the Canadian operations of Standard Life.
• Sun Life Financial is a leading financial services organization in Canada known primarily as a life insurance company. Today, the company manages assets in excess of $350 billion and has more than 13,000 people on its payroll plus thousands of independent agents worldwide.
• TD Insurance
• The Personal Insurance Company (The Personal) is a property and casualty (P&C) group insurance company that specializes in home insurance and auto insurance(formerly CIBC Insurance).
• Transamerica Life Canada
• Travelers Canada
• Triumph Capital Limited
• Unity Life - formerly Toronto Mutual
• Wawanesa Insurance
• Westland Insurance Westland Insurance Company Limited is a leading provider of home insurance and commercial insurance in British Columbia