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

CompanyEstablishedHeadquartersNotes
Algoma Mutual Insurance Company1899Thessalon, Ontario
Allstate CanadaCanadian subsidiary of Allstate
Amherst Island Mutual Insurance Company1894Stella, Ontario
Assumption Life
Assurant Canada
Aviva Canada 1999Markham, Ontario
Axiom Mutual Insurance Company2021Zurich, OntarioCreated through the merger of Hay Mutual and Town and Country Mutual.
Ayr Farmers' Mutual Insurance Company1893Ayr, Ontario
Bay of Quinte Mutual Insurance Co.1874Picton, Ontario
Beneva 2020Quebec City, QuebecCreated through merger of La Capitale and SSQ Insurance
Bertie and Clinton Mutual Insurance Company1970Welland, OntarioFormed through the merger of Bertie and Willoughby Mutual and Clinton Mutual.
Blanshard Mutual Insurance Company1876St Marys, Ontario
Brant Mutual Insurance Company1861Brantford, Ontario
CAA Insurance Company 1974Markham, OntarioFounded in Toronto as the Ontario Motor Insurance Company
Canada Life 1847Winnipeg, ManitobaFounded in Toronto. Amalgamed in 2020 with Great-West Life and London Life under the ownership of Great-West Lifeco. Headquartered in Winnipeg at the former Great-West Life offices.
Canada Protection Plan 1992Toronto, OntarioSubsidiary of Foresters Financial
Canadian Association of Blue Cross Plans
Canadian Premier [3] 1916Toronto, OntarioOperates under the brand name Securian Canada
Caradoc Townsend Mutual2018Waterford, OntarioFormed through the merger of Caradoc Delaware Mutual and Townsend Mutual.
Cayuga Mutual Insurance Company1875Cayuga, Ontario
Combined Insurance CanadaCanadian subsidiary of Combined Insuranc
Commonwell Mutual Insurance Group2014Lindsay, OntarioFormed through the merger of the Farmers’ Mutual Insurance Company (Lindsay), Glengarry Mutual, and Lanark Mutual.
The Co-operators Group 1945Guelph, OntarioFounded in Regina as the Co-operative Life Insurance Company.
Desjardins Insurance
Dufferin Mutual Insurance Company1895Shelbourne, Ontario
Economical Insurance 1871Kitchener, Ontario
Edge Mutual Insurance Company1887Drayton, OntarioChanged name from the Peel Maryborough Insurance Company in 2015.
Empire Life 1923Kingston, Ontario
Equitable Life Insurance Company of Canada 1920Waterloo, Ontario
Erie Mutual Fire Insurance Company1871Dunnville, Ontario
Fenchurch General Insurance Company1981Toronto, Ontario
Federated Insurance Company of Canada 1920Winnipeg, Manitoba
Foresters Financial 1874Toronto, Ontario
Gore Mutual Insurance Company 1839Galt, Ontario
Great American Insurance Company
Green Shield Canada 1957Windsor, Ontario
Grenville Mutual Insurance Company1892Kemptville, Ontario
HD Mutual Insurance2024Sheffield, OntarioFormed through the merger of Halwell Mutual and Dumfries Mutual.
Heartland Farm Mutual Inc.2016Waterloo, OntarioFormed through the merger of North Waterloo Farmers Mutual and Oxford Mutual.
Howick Mutual Insurance Company1873Wroxeter, Ontario
Humania [4]
IA Financial Group 1987Quebec City, QuebecFormed through the merger of Alliance Nationale and Industrial Life.
Intact Insurance 1809Fire insurance company formed in Canada. Founded as the Nova Scotia Fire Insurance Association in 1809; incorporated as the Halifax Fire Insurance Company in 1819. Renamed the ING Insurance Company of Canada in 2002. Renamed the Intact Insurance Company in 2009.
Ivari1932Toronto, Ontario
Kent and Essex Mutual Insurance Company1888Chatham, Ontario
L&A Mutual Insurance Company1877Napanee, OntarioOriginally the Lennox and Addington Mutual Fire Insurance Company.
Lambton Mutual Insurance Company1875Watford, Ontario
Maple Mutual Insurance Company1910Dresden, Ontario
Manulife 1887Toronto, Ontario
Munich Re Canada
North Blenheim Mutual Insurance Company1861Bright, Ontario
Peel Mutual Insurance Company1876Brampton, Ontario
The Personal Insurance Company 1974Lévis, QuebecSubsidiary of Desjardins
Pilot Insurance Company1927Founded in Waterloo, Ontario as the Pilot Automobile and Accident Insurance Company. Acquired by the Standard Accident Insurance Company of Detroit in 1930. Now part of the Aviva group.
Primerica CanadaCanadian subsidiary of Primerica
Quebec Assurance Company1816Toronto, OntarioSecond insurance company founded in Canada. Renamed the Quebec Assurance Company in 1963. Subsidiary of Intact Financial.
Reliable Life
Salus Mutual Insurance Company2023North Aylmer, OntarioFormed through the merger of Howard Mutual and West Elgin Mutual.
South Easthope Mutual Insurance Company1871Tavistock, Ontario
Sovereign General Insurance Company 1953Toronto, OntarioSubsidiary of the Co-operators
Sun Life Financial 1865Toronto, Ontario
Swiss Re
Teachers Life 1939
Tradition Mutual Insurance Company2002St Marys, OntarioFormed through the merger of Blanshard Mutual and Downie Mutual.
Trillium Mutual Insurance Company2004Listowel, OntarioFormed through the merger of Formosa Mutual and Elma Mutual.
UV Insurance1889Formerly the Union Life Mutual Assurance Company
Wawanesa Insurance 1896Winnipeg, Manitoba
West Wawanosh Mutual Insurance Company1879Goderich, Ontario
Westminster Mutual Insurance Company1857Belmont, Ontario
Wilton Re
Yarmouth Mutual Insurance Company1881St Thomas, Ontario

Bank-affiliated carriers

Government-owned insurance companies

Defunct insurance companies

CompanyEstablishedDissolvedFate
Bertie and Willoughby Mutual18801970Merged with Clinton Mutual to form Bertie and Clinton Mutual
Blanshard Mutual Insurance Company18762002Merged with Downie Mutual to form Tradition Mutual
British America Assurance Company 18331976Renamed the Royal Insurance Company of Canada in 1976 and the Royal & Sun Alliance Insurance Company of Canada (RSA) in 1996. Acquired by Intact in 2021.
Caradoc Delaware Mutual Insurance Company18842018Merged with Townsend Mutual to form Caradoc Townsend Mutual.
Central Fire Insurance Company of New Brunswick1836
Clinton Mutual Fire Insurance Company18981970Merged with Bertie and Willoughby Mutual to form Bertie and Clinton Mutual
Commercial Union Life Assurance2001 Manulife
Confederation Life Assurance Company 18711995Acquired by Manulife and Maritime Life after bankruptcy
Crown Life Assurance Company19001998 Canada Life Assurance
Dominion Life Assurance Company 18891985Manulife
Dominion of Canada General Insurance Company 18872013 The Travelers Companies
Downie Mutual Insurance Company18842002Merged with Blanshard Mutual to form Tradition Mutual
Dumfries Mutual Fire Insurance Company18562024Merged with Halwell Mutual to form HD Mutual.
Dunwich Farmers' Mutual Fire Insurance Company18801979Merged with Southwold Farmers Mutual Fire Insurance to form West Elgin Mutual.
East Williams Mutual Insurance Company18752001Merged with Ekfrid Mutual and Lobo Mutual to form Town and Country Mutual.
Eaton Life Insurance19201986Originally the T. Eaton Life Assurance Company. Acquired in 1986 by Laurentian Life as part of the purchase of Eaton Financial.
Ekfrid Mutual Insurance Company18912001Merged with Lobo Mutual and East Williams Mutual to form Town and Country Mutual.
Elma Mutual Insurance Company18842004Merged with Formosa Mutual to form Trillium Mutual.
Eramosa Mutual Fire Insurance Company18611968Merged with Halton Mutual and Puslinch Mutual to form Halwell Mutual.
Excelsior Life Insurance Company18891999Purchased in 1960 by Aetna; changed name to Aetna Life Insurance Company of Canada in 1989. Acquired by Maritime Life in 1999.
Family Life Assurance Company1963Merged into Sovereign Life.
Farmers' Mutual Insurance Company (Lindsay)18952014Merged with Glengarry Mutual and Lanark Mutual to form Commonwell Mutual.
Federal Life Assurance Company18821915Acquired by Sun Life.
Formosa Mutual Insurance Company18802004Merged with Elma Mutual to form Trillium Mutual.
Glengarry Mutual Insurance Company18952014Merged with Farmers’ Mutual Insurance Company (Lindsay) and Lanark Mutual Insurance Company to form Commonwell Mutual.
Great-West Life Assurance Company 18912020Merged with Canada Life and London Life using the Canada Life name, under the ownership of Great-West Lifeco.
Grey & Bruce Mutual Insurance Company18782014Merged into Howick Mutual.
Halton Mutual Fire Insurance Company18901968Merged with the Puslinch Mutual and Eramosa Mutual to form Halwall Mutual.
Halwell Mutual Insurance Company19682024Formed through the merger of the Puslinch Mutual, Eramosa Mutual, and the Halton Mutual. Merged with Dumfries Mutual to form HD Mutual.
Hartford Steam Boiler Inspection and Insurance Company Munich Re
Hay Mutual Insurance Company18752021Merged with Town and Country Mutual to form Axiom Mutual.
Home District Mutual Fire Insurance Company1837
Howard Mutual Insurance Company18922023Merged with West Elgin Mutual to form Salus Mutual.
Imperial Life Assurance Company18962001Acquired by Desjardins in 1994, merged operations in 2001.
Kings Mutual Insurance Company19042021Acquired by Heartland Farm Mutual.
La Capitale Merged with SSQ Insurance to form Beneva
Lanark Mutual Insurance Company18962014Merged with Farmers’ Mutual Insurance Company (Lindsay) and Glengarry Mutual Insurance Company to form the Commonwell Mutual.
Laurentian Life1993Imperial Life
Laurier Life Insurance Company19661998Merged into Imperial Life
Liberty Health2003 Maritime Life
Lobo Mutual Insurance Company18822001Merged with Ekfrid Mutual and East Williams Mutual to form Town and Country Mutual.
London Life Insurance Company 18742020Merged with Canada Life and Great-West Life using the Canada Life name, under the ownership of Great-West Lifeco.
Maritime Life Assurance Company 19222004 Manulife
Mercantile Fire Insurance18751896Acquired by London and Lancashire Insurance
Merchants Casualty Insurance Company19241936Acquired by Economical Insurance
Monarch Life Assurance Company19041983Acquired by North American Life.
Montreal Fire Insurance Company18181820Third insurance company founded in Canada. Failed in 1820.
Montreal Life Insurance Company19081986Founded as the Travellers Life Assurance Company of Canada; name changed in 1924. Merged into Empire Life.
Mutual Life Assurance Company 18682002Renamed Clarica Life in 2000. Acquired by Sun Life in 2002.
National Life Assurance Company of Canada18972005Merged into Industrial Alliance Insurance
North American Life Assurance Company 18811995 Manulife
North Waterloo Farmers Mutual18742016Merged with Oxford Mutual to form Heartland Farm Mutual
North West Life Assurance Company of Canada19662000Became the Industrial-Alliance Pacific Life Insurance Company.
Northern Life Assurance Company of Canada18941986Acquired by the Inland Financial Company. Individual operations integrated into Sovereign Life, group operations sold to Constellation Assurance.
Ontario Blue Cross 1995Liberty Health
Oxford Mutual Insurance Company18782016Merged with North Waterloo Farmers Mutual to form Heartland Farm Mutual
Pictou County Farmers Mutual Fire Insurance Company19042016Merged into Kings Mutual
Puslinch Mutual Fire Insurance Company18591968Merged with Eramosa Mutual and Halton Mutual to form Halwell Mutual.
Quebec Fire Assurance Company1816?Canada's second insurance company, after the Halifax Fire Insurance Company.
Queen City Fire Insurance Company18711960Liquidated?
Southwold Farmers Mutual Fire Insurance Company18781979Merged with Dunwich Mutual to form West Elgin Mutual.
SSQ Insurance Merged with La Capitale to create Beneva
State Farm 2014 Desjardins Financial Security
Toronto Mutual Life Insurance Company19342002Founded as the Ancient Foresters’ Mutual Life Insurance Company. Changed name in 1939. Merged with Western Life to form Unity Life of Canada (now Foresters Life).
Town and Country Mutual Insurance Company20012021Formed through the merger of Lobo Mutual, Ekfrid Mutual and East Williams Mutual. Merged with Hay Mutual to form Axiom Mutual.
Townsend Mutual Insurance Company18792018Merged with Caradoc Delaware Mutual to form Caradoc Townsend Mutual.
United Investment Life Assurance CompanyMerged into Sovereign Life.
UnumProvident 2004RBC Insurance
Waterloo Mutual Insurance Company18631980Acquired by Economical Insurance
Wellington Insurance Company18402002Merged into the ING Insurance Company of Canada.
West Elgin Mutual Insurance Company18802023Formed through the merger of Dunwich Mutual and Southwold Farmers Mutual. Merged with Howard Mutual to form Salus Mutual.
Westbury Canadian Life2004RBC Insurance
Western Assurance Company 18512025Merged into Intact Insurance.
Western Life Assurance Company [5] 2002Merged with Toronto Mutual Life to form Unity Life of Canada (now Foresters Life).
Western Union Insurance Company19402003Merged into the ING Insurance Company of Canada.
Westmount Life Insurance Company1962Merged into Sovereign Life.
Zurich Life Insurance of Canada2001 Manulife

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. "About Us". Canadian Premier. Retrieved 2021-10-04.
  4. "Humania Assurance, a leader in health insurance products". www.humania.ca. Retrieved 2021-10-04.
  5. "Amalgamation of Wawanesa Life and Western Life positions company for growth". Wawanesa Insurance. Retrieved 2021-10-04.