Type Subsidiary Website www.greatwestlife.com Founder Jeffry Hall Brock Parent organization Great-West Lifeco | Number of employees 18,400 (2008) Headquarters Winnipeg, Canada Founded 1891 | |
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Industry Financial Services (Insurance) Key people Paul Mahon (President & CEO) CEO Paul A. Mahon (2 May 2013–) Subsidiaries Canada Life Financial, Putnam Investments Profiles | ||
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
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 US division to Cigna for US$1.5 billion in a deal announced on November 26, 2007.