The Great-West Life Assurance Company
| Type | Subsidiary |
|---|---|
| Industry | Financial Services (Insurance) |
| Founded | 1891 |
| Founder(s) | Jeffry Hall Brock |
| Headquarters | Winnipeg, Manitoba, Canada |
| Key people | Allen Loney, President and Chief Executive Officer |
| Employees | 18,400 (2008)[1] |
| Parent | Great-West Lifeco |
| Website | www.greatwestlife.com |
The Great-West Life Assurance Company (known more commonly Great-West Life, and its official French name is La Great-West, compagnie d'assurance-vie) is a life insurance company. Its headquarters is located in Winnipeg, Manitoba, Canada and its President and CEO is Allen Loney.
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.
[edit] History and Ownership
Great-West Life was founded in 1891 in Winnipeg.
Great-West Life is currently a subsidiary of Great-West Lifeco, which is itself 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 USA division to Cigna for $1.5 billion US in a deal announced Nov. 26, 2007 Reuters story.
[edit] References
[edit] External links
- Official website of Great-West Lifeco Inc, Great West Life Assurance Company's parent corporation.
- Official Web site of Great-West Life
- Official Web site of the Power Corporation of Canada
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