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 Paul Mahon, President and Chief Executive Officer
Employees 18,400 (2008)[1]
Parent Great-West Lifeco
Website www.greatwestlife.com
Great West Life building in Winnipeg (right)

The Great-West Life Assurance Company (also Great-West Life, French: La Great-West, compagnie d'assurance-vie) is a life insurance company. Its headquarters are in Winnipeg, Manitoba. Its President and CEO is Paul A. Mahon.

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.

GWL Realty is the Toronto based property and asset management arm of the Great West Life established in 1993.

History and Ownership[edit]

Great-West Life was founded in 1891 in Winnipeg.

Great-West Life is currently a subsidiary of Great-West Lifeco, which is 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 US$1.5 billion in a deal announced on November 26, 2007.[2]

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Coordinates: 49°53′02″N 97°08′59″W / 49.8838°N 97.1496°W / 49.8838; -97.1496