The Great-West Life Assurance Company

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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


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