Confederation Life Insurance Company, also known as Confederation Life, was a major Canadian insurance company and financial services provider. Its global head office was located in Toronto in what is now the Rogers Building. The company had operations in Canada, the United States, the United Kingdom, and Bermuda, and an inactive office in Cuba.
The company was founded in 1871 by John Kay Macdonald (1837–1928) in Toronto, then established operations in the UK in 1906 (with a head office at Stevenage, Hertfordshire) and later into the United States with offices in Atlanta.
In 1969, J. Craig Davidson became president and for the first time, the firm was no longer led by a member of the Macdonald family.
Confederation Life was forced into liquidation in 1994. The process began on August 11 of that year. The international operations of the company made the liquidation process somewhat complex.
The company had financial obligations to 260,000 individual policyholders in Canada and another 1.5 million people were members of a group insurance plan through the company.
The various blocks of business held by the company were taken over by several different Canadian and American insurance companies. The liquidator was KPMG. As of 2010, the process was still ongoing.
- "Archived copy". Archived from the original on 2014-04-15. Retrieved 2013-09-12.CS1 maint: archived copy as title (link)
- http://www.assuris.ca/Client/Assuris/Assuris_LP4W_LND_WebStation.nsf/page/Past+Insolvencies!OpenDocument&audience=policyholder[dead link]
- admin (2018-08-23). "What Happens If My Life Insurance Company Becomes Insolvent". Protect Your Wealth. Retrieved 2020-10-02.