List of Canadian insurance companies


List of Canadian insurance companies

This is a partial list of Canadian insurance companies:

Current Insurance Carriers

* The Co-operators

* [http://nbc-insurance.ca 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. It helps more than five million Canadians prepare for life's emergencies and plan a financially secure retirement

* Dominion of Canada General Insurance Company The Dominion of Canada General Insurance Company, commonly shortened to The Dominion, has been in operation since 1887. It was founded by Canada's first Prime Minister Sir John A. Macdonald. Not only is it one of Canada's oldest insurance companies, it is also one of the largest. It is the only company legally licenced to use the Canadian coat of arms in its logo and affiliated material. The company has offices across Canada and is headquartered in Toronto.

* [http://www.economicalinsurance.com The Economical Insurance Group]

* [http://www.empire.ca/ 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

* The Guarantee Company of North America Specializes in Government Procurement Insurance Products - Largest and Oldest Independent Canadian Owned Insurance Company been around since the 1800s with current ownership based in Montreal, Quebec. Controls the lions share of insurance products procured through governmental business activities.

* 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 by Great-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
* 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.

* Medavie Blue Cross

* 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
* RBC Insurance
* 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 in excess of seven million customers worldwide, with five million in the UK. Of these, 2.6 million are with profits members of the mutual.

* State Farm

* 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 Meloche Monnex - part of TD Canada Trust
* The Personal - formerly CIBC Insurance
* Transamerica Life Canada
* Unity Life - formerly Toronto Mutual
* Wawanesa Insurance

Consolidation of Former Insurance Carriers

* Aetna Canada Assurance - Purchased by Maritime Life in 1999.
* Canada Life Assurance Company: Now part of Great-West Co.- Purchased in 2003.
* Clarica Life Assurance: Formerly known as Mutual Life Assurance Co. Purchased in 2002 by Sun Life Financial.
* Commercial Union Life Assurance - Purchased by Manulife Financial in 2001.
* Confederation Life Assurance Co. - Receivership in 1995. Canadian business units purchased by Manulife Financial and Maritime Life.
* Crown Life Assurance Co. - Purchased by Canada Life Assurance in 1998.
* Imperial Life - Purchased by Desjardins Group in 1994.
* Laurentian Life - Absorbed by Imperial Life in 1993.
* Liberty Health - Purchased by Maritime Life in 2003.
* London Life Insurance Company - Now part of Great-West Co.- Purchased in 1997.
* Maritime Life - Purchased by Manulife Financial (as part of the John Hancock Insurance acquisition) in 2004.
* Metropolitan Life - Canadian operations purchased in 1998 by Mutual Life (which later became Clarica Life Assurance).
* Mutual of Omaha - Canadian operations purchased by RBC Insurance in 1998
* New York Life - Canadian operations purchased by Canada Life Assurance Company in 1994.
* North American Life - Merged into Manulife Financial in 1995.
* Ontario Blue Cross - Group insurance operations obtained by Liberty Health in 2000.
* Prudential Insurance Co. - Canadian operations purchased in 1996 by London Life Insurance Company.
* Royal & SunAlliance Ins. Co. - Canadian operations purchased by Maritime Life in 2001.
* UnumProvident - Canadian operations purchased by RBC Insurance in 2004.
* Westbury Canadian Life - Purchased by RBC Insurance in 2004.
* Zurich Life Insurance of Canada - Canadian group life & health business purchased by Manulife Financial in 2001.

The insurance business in Canada is controlled by provincial agencies.Fact|date=January 2007


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