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The Great-West Life Assurance Company

The Great-West Life Assurance Company (also Great-West Life, French: La Great-West, compagnie d'assurance-vie) is a life insurance company. Its headquarters are in Winnipeg, Manitoba. Its President and CEO is Paul A. Mahon.

The Great-West Life Assurance Company
Subsidiary
IndustryFinancial Services (Insurance)
Founded1891
FounderJeffry Hall Brock
HeadquartersWinnipeg, Manitoba, Canada
Key people
Paul Mahon (President & CEO)
Number of employees
18,400 (2008)[1]
ParentGreat-West Lifeco
Websitewww.greatwestlife.com
Great West Life building in Winnipeg (right)

It is owned by Great-West Lifeco, which also owns London Life Insurance Company, Canada Life Financial, Great-West Life & Annuity Insurance Co., and Putnam Investments.

GWL Realty is the Toronto-based property and asset management arm of the Great West Life established in 1993.

History and ownershipEdit

Great-West Life was founded in 1891 in Winnipeg.

Great-West Life is currently a subsidiary of Great-West Lifeco, which is a joint-stock corporation traded on the Toronto Stock Exchange. The majority owner of Great-West Lifeco is the Power Corporation of Canada, which administers Great-West through the Power Financial Corporation.

Great-West Life sold its health insurance US division to Cigna for US$1.5 billion in a deal announced on November 26, 2007.[2]

In April of 2019, Great-West Life merged with its sister companies London Life and Canada Life into the single brand of Canada Life.[3]

ReferencesEdit

  1. ^ "Company Profile for Great-West Lifeco Inc (CA;GWO)". Retrieved 2008-10-08.
  2. ^ https://www.reuters.com/article/mergersNews/idUSN2643561820071127
  3. ^ Dubinski, Kate (April 3, 2019). "London Life insurance company to be called Canada Life". CBC News. Retrieved June 14, 2019.

External linksEdit