The Great-West Life Assurance Company

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The Great-West Life Assurance Company
Type Subsidiary
Industry Financial Services (Insurance)
Founded 1891
Founders Jeffry Hall Brock
Headquarters Winnipeg, Manitoba, Canada
Key people Paul Mahon (President & CEO)
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