September 23, 2014 6:44 AM ET

Insurance

Company Overview of The Great-West Life Assurance Company

Company Overview

The Great-West Life Assurance Company, together its subsidiaries, provides life insurance, health insurance, investments, retirement savings, and reinsurance solutions primarily in Canada and Europe. It offers financial and benefit plan solutions for individuals, families, business owners, and organizations. The company’s products for individuals include life insurance, disability insurance, critical illness insurance, and health and dental insurance; and retirement and investment planning solutions comprising segregated fund policies, mutual funds, solutions banking, specialized investment solutions, registered education savings plans, registered retirement savings plans, registered retirem...

100 Osborne Street North

Winnipeg, MB R3C 3A5

Canada

Founded in 1891

Phone:

204-946-1190

Key Executives for The Great-West Life Assurance Company

Chief Executive Officer and President
Age: 50
Chief Financial Officer and Executive Vice-President
President of Europe and Chief Operating Officer of Europe
President of Canada and Chief Operating Officer of Canada
Chief Investment Officer and Executive Vice-President
Compensation as of Fiscal Year 2014.

The Great-West Life Assurance Company Key Developments

The Great-West Life Assurance Company, Annual General Meeting, May 08, 2014

The Great-West Life Assurance Company, Annual General Meeting, May 08, 2014., at 11:00 Central Daylight. Location: Head office of the company. Agenda: To receive financial statements for the year ended December 31, 213 and the reports of the auditor and the actuary thereon; to elect policyholders directors; to appoint the auditor; and to transact such other business as may be properly brought before the meeting or any adjournment thereof.

The Great-West Life Assurance Company, Annual General Meeting, May 02, 2013

The Great-West Life Assurance Company, Annual General Meeting, May 02, 2013., at 11:00 Central Daylight. Agenda: To consider the financial statements for the year ended December 2012 and the reports of the auditor and the actuary thereon; to consider the election of Directors; to consider appointment of auditor; and to consider transaction of such other business may be properly brought before the meeting or any adjournment thereof.

The Ontario Superior Court of Justice releases decision in regard to the involvement of the participating accounts of London Life Insurance Company and The Great-West Life Assurance Company

The Ontario Superior Court of Justice has released a decision in regard to the involvement of the participating accounts of Great-West Lifeco subsidiaries London Life Insurance Company and The Great-West Life Assurance Company in the financing of the acquisition of London Insurance Group in 1997. This decision follows on the Court of Appeal decision from November 11, 2011. That court ruled the companies achieved substantial success and required that there be adjustments to the original trial judgment regarding amounts which were to be reallocated to the participating accounts going forward. The Ontario Superior Court Decision released now ordered that $284.6 million be reallocated to the participating account surplus. The company will be appealing that decision. The Court of Appeal confirmed that participating policyholders were treated fairly by the company in the acquisition of London Life in 1997 and that there was no impact on their dividends. The Court of Appeal also confirmed that it was reasonable for the participating accounts to contribute to the acquisition in order to receive benefits. Any monies to be reallocated to the participating accounts will be dealt with in accordance with the companies' participating policyholder dividend policies in the ordinary course of business. The decision provides that no awards are to be paid out to individual class members.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 3, 2014
PlanDirect Insurance Services Inc.
 

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