Canada Life
| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 1847 |
| Founder | Hugh Cossart Baker Sr. |
Key people | Paul A. Mahon (President and CEO) |
| Products | Insurance, Investment management, Retirement planning |
| Parent | Great-West Lifeco |
Canada Life is a Canadian insurance company that was founded in 1847. It is one of the oldest and most prominent insurance companies in Canada. The company offers a wide range of financial services, including life insurance, health insurance, investment management, and retirement planning.
History[edit | edit source]
Canada Life was established in 1847 by Hugh Cossart Baker Sr. in Hamilton, Ontario. It was the first life insurance company in Canada. Over the years, Canada Life expanded its operations and product offerings, becoming a significant player in the Canadian financial services industry.
In 2003, Canada Life was acquired by Great-West Lifeco, a subsidiary of Power Corporation of Canada. The acquisition allowed Canada Life to expand its reach and resources, further solidifying its position in the market.
Products and Services[edit | edit source]
Canada Life provides a variety of financial products and services, including:
- Life insurance
- Health insurance
- Disability insurance
- Critical illness insurance
- Investment management
- Retirement planning
- Group benefits
Headquarters[edit | edit source]
The headquarters of Canada Life is located in Winnipeg, Manitoba. The company also has offices across Canada and in other countries, serving millions of policyholders worldwide.
Key People[edit | edit source]
The current President and CEO of Canada Life is Paul A. Mahon. Under his leadership, the company continues to grow and adapt to the changing financial landscape.
Parent Company[edit | edit source]
Canada Life is a subsidiary of Great-West Lifeco, which is part of the Power Corporation of Canada group of companies. This relationship provides Canada Life with additional resources and support, enabling it to offer a wide range of financial products and services.
See Also[edit | edit source]
References[edit | edit source]
External Links[edit | edit source]
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Contributors: Prab R. Tumpati, MD
