List of insurance companies in Canada

Last updated

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). [1] [2] Smaller insurers include those operating as subsidiaries of banks, such as CIBC Insurance and TD Insurance. [2]

Contents

Current insurance carriers

Bank-affiliated carriers

Government-owned insurance companies

Consolidation of former insurance carriers

CompanyAcquired by / Merged intoYear acquiredNotes
Aetna Canada Assurance Maritime Life 1999
Canada Life Assurance Company Great-West Lifeco.2003
Clarica Life Assurance (formerly Mutual Life Assurance Co.) Sun Life Financial 2002
Commercial Union Life Assurance Manulife 2001
Confederation Life Assurance Co. Manulife and Maritime Life 1995 (receivership)Purchase of its Canadian business units
Crown Life Assurance Co. Canada Life Assurance 1998
Dominion Life Assurance Company Manulife1985
Dominion of Canada General Insurance Co. (aka The Dominion) The Travelers Companies 2013Acquired by The Travelers Companies in November 2013, and became part of its subsidiary, Travelers Canada
Hartford Steam Boiler Inspection and Insurance Company Munich Re
Imperial Life Desjardins Group 1994
Kings Mutual Insurance CompanyHeartland Farm Mutual2021
La Capitale Beneva Merged with SSQ Insurance to create Beneva.
Laurentian LifeImperial Life1993
Liberty Health Maritime Life 2003
London Life Insurance Company Great-West Lifeco.1997
Maritime Life Manulife 2004Purchased by Manulife as part of the John Hancock Insurance acquisition.
Metropolitan Life Mutual Life1998Canadian operations purchased by Mutual Life (which later became Clarica Life Assurance)
Mutual Life Assurance Company Sun Life2002
Mutual of Omaha RBC Insurance1998Purchase of its Canadian operations
New York Life Canada Life Assurance Company 1994Purchase of its Canadian operations
North American Life Manulife 1995Merged
North Waterloo Farmers MutualHeartland Farm Mutual2016Merged with Oxford Mutual to form Heartland Farm Mutual
Ontario Blue Cross Liberty Health1995Group insurance operations obtained
Oxford Mutual Insurance CompanyHeartland Farm Mutual2016Merged with North Waterloo to form Heartland Farm Mutual
Prudential Assurance Co. Sun Life Assurance Company of Canada 1996Purchase of its Canadian operations
Prudential Insurance Co. of America London Life Insurance Company 1995Purchase of its Canadian operations
Royal & SunAlliance Ins. Co. Maritime Life 2001Purchase of its Canadian operations
UnumProvident RBC Insurance2004Purchase of its Canadian operations
SSQ Insurance Beneva Merged with La Capitale to create Beneva.
State Farm Desjardins Financial Security 2014
Waterloo Mutual Insurance CompanyEconomical Insurance1980
Westbury Canadian LifeRBC Insurance2004
Western Life Assurance Company [12] Wawanesa Life 2020Amalgamated
Zurich Life Insurance of Canada Manulife 2001Canadian group life & health business purchased

See also

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References

  1. "The 5 Big Names in Canadian Insurance". Investopedia. Retrieved 2021-10-04.
  2. 1 2 "The Biggest Life Insurance Companies in Canada 2021 - Full List". www.policyadvisor.com. Retrieved 2021-10-04.
  3. "Who we are". www.assurant.ca. Retrieved 2021-10-04.
  4. "About Us". Canadian Premier. Retrieved 2021-10-04.
  5. "Homepage". www.combinedinsurance.com. Retrieved 2021-10-04.
  6. Canada, Equitable Life of. "Equitable Life Insurance Company of Canada". www.equitable.ca. Retrieved 2021-10-04.
  7. "Humania Assurance, a leader in health insurance products". www.humania.ca. Retrieved 2021-10-04.
  8. "About Reliable Life Insurance Company". www.reliablelifeinsurance.com. Retrieved 2021-10-04.
  9. "UL Mutual to become UV Insurance". UV Insurance. Retrieved 2021-10-04.
  10. CPP-owned Wilton Re buys Transamerica’s Canadian business, Advisor
  11. "Company information | ivari". 2015-10-19. Retrieved 2021-10-04.
  12. "Amalgamation of Wawanesa Life and Western Life positions company for growth". Wawanesa Insurance. Retrieved 2021-10-04.