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This is a list of Canadian insurance companies. The top insurance providers in Canada are Manulife , Canada Life (subsidiary of Great-West Lifeco ), Sun Life Financial , Desjardins , and IA Financial Group (aka Industrial Alliance).
The Great West Life Assurance Company is Canada's biggest insurance company. The subsidiary became Canada's leader in 2003 when it paid Cdn$7.3 billion (US$4.7 billion) for Canada Life Financial. [7] [34] Products include trust securities. Great-West Life, Canada Life, and London Life were rebranded as the new Canada Life on January 1, 2020
The Wawanesa Life Insurance Company, or Wawanesa Life, is the life insurance arm of Wawanesa Insurance. [1] [3] [6] It is licensed in all provinces of Canada, as well as in the Northwest Territories. [13] The company was introduced in 1961 as the Wawanesa Mutual Life Insurance Company, a mutual company.
Aviva Canada's headquarters in Markham. Aviva Canada Inc. is a Canadian property and casualty insurance company and a wholly owned subsidiary of the UK-based Aviva plc. [2] It provides home, personal, automobile, recreational vehicle, group and business insurance to more than three million customers.
The two successor companies, Regina-based Co-operative Insurance Services and Co-operators Insurance Associations of Guelph, established closer ties and, in 1975, merged as CI Management Group, which adopted the brand name "The Co-operators." In 1978, the company took its present name. [3] The group of companies has grown steadily since then.
Intact Financial Corporation is a Canadian multinational property and casualty insurance company. Originally established in 1809 as the Halifax Fire Insurance Association, it was later acquired by Nationale-Nederlanden; from 1993 to 2009, it was a subsidiary of the Dutch multinational ING Group under the name ING Canada.
As of 2014, it had about 1.6 billion in mutual policyholder's equity. It is the 9th largest property and casualty insurance company in Canada, by direct written premium and the 20th largest insurance company in Canada, by total assets. [3] The firm owns several operating subsidiaries, the largest of which is Economical Mutual Insurance Company.
The Personal Insurance Company, operating as The Personal (French: La Personelle), is a Canadian insurance company which specializes in group insurance, primarily home insurance and vehicle insurance. [1] The Personal is a subsidiary of Desjardins General Insurance, the third largest P&C insurer in Canada. [2]
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