The Great-West Life Assurance Company

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The Great-West Life Assurance Company
Type Public (TSX: GWO)
Founded 1891
Headquarters Winnipeg, Manitoba, Canada
Key people Allen Loney, President and Chief Executive Officer
Industry Financial Services (Insurance)
Employees 18,400 (2008)[1]
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) (TSX: GWO) is a life and health insurance company. Its headquarters is located in Winnipeg, Manitoba, Canada and its President and CEO is Allen Loney.

[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 (TSX:GWO). Great-West Lifeco also owns London Life Insurance Company, The Canada Life Assurance Company, and The 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 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

  1. ^ "Company Profile for Great-West Lifeco Inc (CA;GWO)". http://zenobank.com/index.php?symbol=CA;GWO&page=quotesearch. Retrieved on 2008-10-08. 

[edit] External links

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