Assumption Life

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Assumption Life
(Fr: Assomption Vie)
Type Private
Industry Financial services
Founded Waltham, Massachusetts (1903)
Headquarters Moncton, New Brunswick
Key people Denis Losier (C.E.O.)
Revenue Increase CA $105.7 million (2007)[1]
Operating income Increase CA $7.2 million (2007)[1]
Net income Increase CA $4.1 Million (2007)[1]
Employees 339[2]
Website www.assomption.ca
Assumption Place, a 20 storey office building in Downtown Moncton is the headquarters of Assumption Life

Assumption Life (Fr: Assomption Vie) is a financial services company based in Moncton, New Brunswick, Canada. The company is a Canada wide life insurance provider with over 75,000 active policies and also operates a large asset management agency with over one billion dollars of assets under management.[3]

History[edit]

The company was established in 1903 by Acadians in Massachusetts as la Société l'Assomption a small life insurance agency. The company moved to Moncton in 1913 and up until 1969 the company was run as a fraternal society before becoming a mutual. In 1972 Assumption Life moved into their new head office in Moncton, Assumption Place, which is by far the tallest building in the city.

Subsidiaries[edit]

Assumption Life has majority control over the following companies:

  • Louisbourg Investments Inc., an investment portfolio management firm with over 1.4 billion dollars of assets under management.[2]
  • Assumption Place Ltd., A real estate holding company which owns the company's head office in Moncton (Assumption Place) along with other properties in Moncton and Edmundston, New Brunswick
  • Atlantic Holdings (1987) Ltd.

References[edit]

  1. ^ a b c "2007 Annual Report". Assumption Life. Retrieved 2008-06-20. 
  2. ^ a b "2008 Corporate Profile". Assumption Life. Retrieved 2008-06-20. 
  3. ^ "Our Company". Assumption Life. Retrieved 2008-06-20. 

See also[edit]

External links[edit]