Supriya Ghosh (Editor)

Assumption Life

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Type
  
Private

Key people
  
Denis Losier (C.E.O.)

Net income
  
CA $4.1 Million (2007)

Number of employees
  
339

Industry
  
Financial services

Operating income
  
CA $7.2 million (2007)

Headquarters
  
Moncton, Canada

Founded
  
1903

Assumption Life httpsinfonetassumptioncaProducersCornerPort

Revenue
  
CA $105.7 million (2007)

Assumption Life (Fr: Assomption Vie) 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.

Contents

History

The company was established in 1903 by Acadians in Massachusetts as la Société l'Assomption a small life insurance agency. The company moved to Moncton in 1913 and up until 1969 the company was run as a fraternal society before becoming a mutual. In 1972 Assumption Life moved into their new head office in Moncton, Assumption Place, which is by far the tallest building in the city.

Subsidiaries

Assumption Life has majority control over the following companies:

  • Louisbourg Investments Inc., an investment portfolio management firm with over 1.4 billion dollars of assets under management.
  • Assumption Place Ltd., A real estate holding company which owns the company's head office in Moncton (Assumption Place) along with other properties in Moncton and Edmundston, New Brunswick
  • Atlantic Holdings (1987) Ltd.

    • References

    Assumption Life Wikipedia
    (Text) CC BY-SA


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