List of Canadian insurance companies
Encyclopedia
Current Insurance Carriers
- Allstate Insurance Company of CanadaAllstateThe Allstate Corporation is the second-largest personal lines insurer in the United States and the largest that is publicly held. The company also has personal lines insurance operations in Canada. Allstate was founded in 1931 as part of Sears, Roebuck and Co., and was spun off in 1993...
Canadian subsidiary of a US parent company. - Assumption LifeAssumption LifeAssumption Life is a financial services company based in Moncton, New Brunswick, Canada. The company is a Canada wide life insurance provider with over 75,000 active policies and also operates a large asset management agency with over one billion dollars of assets under management.-History:The...
based in Moncton, NB, Assumption Mutual Life Insurance Company, doing business under the name Assumption Life, offers: life insurance, critical illness insurance, financial services and investment solutions, commercial and individual mortgage loans, group benefit plans, individual pension plans and more. This mutual life insurance company have been in business since 1903 and is recognized as one of the top places to work for in Atlantic Canada.
- Aviva CanadaAviva CanadaAviva Canada Inc. is one of the leading property and casualty insurance groups in Canada, providing home, automobile, recreational vehicle, group and business insurance to more than three million customers...
Aviva Canada is the second largest Property & Casualty Insurer in Canada with a market share of 8.7% and Gross Written Premium (GWP) of $3.155B
- The Co-operatorsThe Co-operatorsThe Co-operators Group Limited, founded in 1945, is a Canadian insurance co-operative owned by 45 members including co-ops and credit union centrals. It is one of the largest wholly Canadian-owned multiline insurers, offering auto, home, life, farm, travel, and business insurance as well as...
: Largest Canadian-owned insurance business in Canada. - National Bank Insurance National Bank General Insurance is a Property & Casualty insurance firm that provides automobile and home insurance services directly to Quebec residents under the National Bank Insurance banner.
- Desjardins Group Desjardins Financial Security Life Assurance Company is the life and health insurance arm of Desjardins Group. It helps more than five million Canadians prepare for life's emergencies and plan a financially secure retirement
- Dominion of Canada General Insurance CompanyDominion of Canada General Insurance CompanyThe Dominion of Canada General Insurance Company has been in operation since 1887. It one of Canada's oldest insurance companies, and one of the largest property and casualty insurers...
The Dominion of Canada General Insurance Company, commonly shortened to The Dominion, has been in operation since 1887. It was founded by Canada's first Prime Minister Sir John A. Macdonald. Not only is it one of Canada's oldest insurance companies, it is also one of the largest. It is the only company legally licenced to use the Canadian coat of arms in its logo and affiliated material. The company has offices across Canada and is headquartered in Toronto.
- The Economical Insurance Group
- Empire LifeEmpire LifeThe Empire Life Insurance Company is a Canadian life insurance and financial services company with its headquarters in Kingston, Ontario, Canada. It was incorporated in 1923 and is a subsidiary of E-L Financial Corporation Limited of Toronto, Ontario, Canada...
The Empire Life Insurance Company (Empire Life) offers a full range of financial products and services - including personal life insurance, critical illness coverage, investment options, group life and health benefits and group RSP plans. Head Office is located in Kingston, Ontario, Canada. - Equitable Life of Canada
- FaithLife Financial
- The Guarantee Company of North AmericaThe Guarantee Company of North AmericaThe Guarantee Company of North America , founded in 1872, is currently the largest purveyor of contract surety and fidelity bonding in Canada....
Specializes in Government Procurement Insurance Products - Largest and Oldest Independent Canadian Owned Insurance Company been around since the 1800s with current ownership based in Montreal, Quebec. Controls the lion's share of insurance products procured through governmental business activities.
- The Great-West Life Assurance Company is a life and health insurance company and was founded in 1891 in Winnipeg, Manitoba. Great-West Life is currently owned by Great-West LifecoGreat-West LifecoGreat-West Lifeco is an insurance centered financial holding company that operates in North America , Europe and Asia through 5 wholly owned, regionally focussed subsidiaries...
, which is itself a joint-stock corporation traded on the Toronto Stock Exchange (TSX:GWO). Great-West Lifeco also owns the London Life Insurance Company, the Canada Life Assurance Company, and 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 who administer Great-West through the Power Financial Corporation.
- Independent Order of Foresters
- Industrial AllianceIndustrial AllianceIndustrial Alliance is a Canadian insurance company with a diversified business ranging from wealth management to group pensions. It is a major player in the Canadian market where it serves three million people across the country and ranks fourth among insurance companies however, the company has...
- Insurance Corporation of British ColumbiaInsurance Corporation of British ColumbiaThe Insurance Corporation of British Columbia is a provincial crown corporation in British Columbia created in 1973 by the NDP government of British Columbia. The original purpose of ICBC was to provide universal public auto insurance in British Columbia...
- Intact Insurance Company of CanadaIntact FinancialIntact Financial Corporation ' is a Canadian insurance company; formerly the ING Group subsidiary ING Canada. It is Canada's leading provider of property and casualty insurance...
is the largest Property and Casualty insurer in Canada. Purchased AXA's Canadian Business in June of 2011
- Knights of ColumbusKnights of ColumbusThe Knights of Columbus is the world's largest Catholic fraternal service organization. Founded in the United States in 1882, it is named in honor of Christopher Columbus....
- belairdirect (Belair Insurance Company Inc.) providing complete car and home insurance solutions direct to the consumer in Quebec and Ontario.
- Manulife FinancialManulife FinancialManulife Financial Corporation , is a Canadian insurance company and financial services provider. Manulife Financial's global head office is located in Toronto, Canada and the Company has operations in 21 countries and territories worldwide.The Company operates in Canada and Asia through the brand...
(Manufacturers Life Insurance Company) is a major Canadian insurance company and financial services provider. Although its global head office is located in Toronto, Ontario, Manulife has worldwide operations, most notably in the United States (through its subsidiary, John Hancock Insurance) and in 19 unique Asian countries and territories. Manulife Financial is the largest insurance company in Canada, the second largest in North America and the world's fifth largest, based on market capitalization.
- Medavie Blue CrossMedavie Blue CrossMedavie Blue Cross is the business name for Medavie Incorporated, a non-profit Canadian medical care insurance company headquartered in Moncton, New Brunswick....
- Missisquoi Insurance Company The Missisquoi Insurance Company is the oldest Canadian owned property and casualty insurance company, having been established in 1835 in the Eastern TownshipsEastern TownshipsThe Eastern Townships is a tourist region and a former administrative region in south-eastern Quebec, lying between the former seigneuries south of the Saint Lawrence River and the United States border. Its northern boundary roughly followed Logan's Line, the geologic boundary between the flat,...
region of Quebec. It is now part of The Economical Insurance Group.
- National Life
- RBC Insurance
- Red River Mutual - operates in Manitoba & Saskatchewan, headquartered in Altona Manitoba
- SSQ Financial Group
- Standard LifeStandard LifeStandard Life plc is a long term savings and investment business, with headquarters in Edinburgh and operations across the globe. It has 1.5 million shareholders in more than 50 countries and over 6 million customers.-History:...
is a major employer in Edinburgh, with 8,500 UK employees and over 12,000 worldwide. Standard Life plc acts as a holding company for the areas within Standard Life. Since demutualisation, the company structure is quite complex. Standard Life has in excess of seven million customers worldwide, with five million in the UK. Of these, 2.6 million are with profits members of the mutual.
- State FarmState farmState farm can refer to:*Sovkhoz, a type of state-owned farm in the Soviet Union*Volkseigenes Gut, a type of state-owned farm in East Germany*Państwowe Gospodarstwo Rolne, a type of state-owned farm in People's Republic of Poland...
- Sun Life FinancialSun Life FinancialSun Life Financial Inc. is an international financial services company known primarily as a life insurance company. Based in Toronto, Canada, Sun Life and its partners provide insurance, retirement and investment solutions for individuals and businesses around the world including Canada, the United...
is a leading financial services organization in Canada known primarily as a life insurance company. Today, the company manages assets in excess of $350 billion and has more than 13,000 people on its payroll plus thousands of independent agents worldwide.
- TD Meloche Monnex - part of TD Canada TrustTD Canada TrustTD Canada Trust is the personal, small business and commercial banking operation of the Toronto-Dominion Bank in Canada. TD Canada Trust offers a range of financial services and products to more than 10 million Canadian customers through more than 1,100 branches and 2,600 ATM Green Machines...
- The Personal Insurance CompanyThe Personal Insurance CompanyFounded in 1974, The Personal Insurance Company is a Canadian property and casualty group insurance company that specializes in home insurance and auto insurance. They provide insurance to members and employees of over 560 organizations across Canada, including employers, unions, financial...
(The Personal) is a property and casualtyCasualty insuranceCasualty insurance, often equated to liability insurance, is used to describe an area of insurance not directly concerned with life insurance, health insurance, or property insurance. It is mainly used to describe the liability coverage of an individual or organization's for negligent acts or...
(P&C) group insuranceGroup InsuranceGroup insurance is an insurance that covers a group of people, usually who are the members of societies, employees of a common employer, or professionals in a common group....
company that specializes in home insuranceProperty insuranceProperty insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or boiler insurance. Property is insured in two main...
and auto insurance (formerly CIBC Insurance).
- Transamerica Life Canada
- Unity Life - formerly Toronto Mutual
- Wawanesa Insurance
- The Mutual Fire Insurance Company of British Columbia
Consolidation of Former Insurance Carriers
- AetnaAetnaAetna, Inc. is an American health insurance company, providing a range of traditional and consumer directed health care insurance products and related services, including medical, pharmaceutical, dental, behavioral health, group life, long-term care, and disability plans, and medical management...
Canada Assurance - Purchased by Maritime LifeMaritime LifeThe Maritime Life Assurance Company was a Canadian insurance company based in Halifax, Nova Scotia. It was founded in 1922 and in 2004 it became fully integrated with Manulife Financial, with the Maritime Life brand being retired. In 2004 it had 2700 employees....
in 1999. - Canada Life Assurance Company: Now part of Great-West Co.- Purchased in 2003.
- Clarica Life Assurance: Formerly known as Mutual Life Assurance Co. Purchased in 2002 by Sun Life FinancialSun Life FinancialSun Life Financial Inc. is an international financial services company known primarily as a life insurance company. Based in Toronto, Canada, Sun Life and its partners provide insurance, retirement and investment solutions for individuals and businesses around the world including Canada, the United...
. - Commercial Union Life Assurance - Purchased by Manulife FinancialManulife FinancialManulife Financial Corporation , is a Canadian insurance company and financial services provider. Manulife Financial's global head office is located in Toronto, Canada and the Company has operations in 21 countries and territories worldwide.The Company operates in Canada and Asia through the brand...
in 2001. - Confederation Life Assurance Co. - Receivership in 1995. Canadian business units purchased by Manulife FinancialManulife FinancialManulife Financial Corporation , is a Canadian insurance company and financial services provider. Manulife Financial's global head office is located in Toronto, Canada and the Company has operations in 21 countries and territories worldwide.The Company operates in Canada and Asia through the brand...
and Maritime LifeMaritime LifeThe Maritime Life Assurance Company was a Canadian insurance company based in Halifax, Nova Scotia. It was founded in 1922 and in 2004 it became fully integrated with Manulife Financial, with the Maritime Life brand being retired. In 2004 it had 2700 employees....
. - Crown Life Assurance Co. - Purchased by Canada Life Assurance in 1998.
- Imperial Life - Purchased by Desjardins Group in 1994.
- Laurentian Life - Absorbed by Imperial Life in 1993.
- Liberty Health - Purchased by Maritime LifeMaritime LifeThe Maritime Life Assurance Company was a Canadian insurance company based in Halifax, Nova Scotia. It was founded in 1922 and in 2004 it became fully integrated with Manulife Financial, with the Maritime Life brand being retired. In 2004 it had 2700 employees....
in 2003. - London Life Insurance CompanyLondon Life Insurance CompanyLondon Life Insurance Company is a Canadian life insurance company best known for its "Freedom 55" slogan, evocative of saving money to an extent that would allow one to retire at age 55...
- Now part of Great-West Co.- Purchased in 1997. - Maritime LifeMaritime LifeThe Maritime Life Assurance Company was a Canadian insurance company based in Halifax, Nova Scotia. It was founded in 1922 and in 2004 it became fully integrated with Manulife Financial, with the Maritime Life brand being retired. In 2004 it had 2700 employees....
- Purchased by Manulife FinancialManulife FinancialManulife Financial Corporation , is a Canadian insurance company and financial services provider. Manulife Financial's global head office is located in Toronto, Canada and the Company has operations in 21 countries and territories worldwide.The Company operates in Canada and Asia through the brand...
(as part of the John Hancock InsuranceJohn Hancock InsuranceJohn Hancock Financial is a loose term for a United States insurance company which existed, in various forms, from its founding on April 21, 1862, until its acquisition in 2004 by the Canadian insurance company Manulife Financial. It was named in honor of John Hancock, a prominent patriot...
acquisition) in 2004. - Metropolitan Life - Canadian operations purchased in 1998 by Mutual Life (which later became Clarica Life Assurance).
- Mutual of OmahaMutual of OmahaMutual of Omaha is a Fortune 500 mutual insurance and financial services company based in Omaha, Nebraska. The company was founded in 1909 as Mutual Benefit Health and Accident Association.- History :...
- Canadian operations purchased by RBC Insurance in 1998 - New York Life - Canadian operations purchased by Canada Life Assurance Company in 1994.
- North American Life - Merged into Manulife FinancialManulife FinancialManulife Financial Corporation , is a Canadian insurance company and financial services provider. Manulife Financial's global head office is located in Toronto, Canada and the Company has operations in 21 countries and territories worldwide.The Company operates in Canada and Asia through the brand...
in 1995. - Ontario Blue Cross - Group insurance operations obtained by Liberty Health in 1995.
- Prudential Insurance Co. - Canadian operations purchased in 1996 by London Life Insurance Company.
- Royal & SunAllianceRoyal & SunAllianceRSA Insurance Group plc , commonly known as RSA, is a global general insurance company headquartered in London, United Kingdom. It has over 20 million customers in 36 countries across Asia, Europe, North America and South America....
Ins. Co. - Canadian operations purchased by Maritime LifeMaritime LifeThe Maritime Life Assurance Company was a Canadian insurance company based in Halifax, Nova Scotia. It was founded in 1922 and in 2004 it became fully integrated with Manulife Financial, with the Maritime Life brand being retired. In 2004 it had 2700 employees....
in 2001. - UnumProvident - Canadian operations purchased by RBC Insurance in 2004.
- Westbury Canadian Life - Purchased by RBC Insurance in 2004.
- Zurich Life Insurance of Canada - Canadian group life & health business purchased by Manulife FinancialManulife FinancialManulife Financial Corporation , is a Canadian insurance company and financial services provider. Manulife Financial's global head office is located in Toronto, Canada and the Company has operations in 21 countries and territories worldwide.The Company operates in Canada and Asia through the brand...
in 2001.
The insurance business in Canada is controlled by provincial agencies.