name: The Great-West Life Assurance Company
The Great-West Life Assurance Company is a life insurance company headquartered in Winnipeg, Manitoba. The President and CEO is Paul A. Mahon.
Owned by Great-West Lifeco, which also owns London Life Insurance Company, Canadian Life Finance Company, Great-West Life & Annuity Insurance Co. and Putnam Investments.
Great-West Life was founded in Winnipeg, Canada in 1891. Currently, it is a subsidiary of Great-West Lifeco. Great-West Lifeco is a joint stock company listed on the Toronto Stock Exchange. The major shareholder of Great-West Lifeco is the Canadian Power Corporation, which manages Great-West through Power Financial Corporation. On November 26, 2007, Great-West Life sold its health insurance US division to Cigna for $1.5 billion.
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