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Work Here?
Work Here?
Industries
Fintech
Financial Services
Company Size
10,001+
Company Stage
M&A
Total Funding
N/A
Headquarters
Toronto, Canada
Founded
1846
Canada Life provides a variety of financial and insurance services to individuals, families, and businesses in Canada. The company specializes in life insurance, health insurance, retirement savings plans, and investment products, helping clients secure their financial future and manage risks related to health and life events. Canada Life generates revenue through premiums paid by policyholders and fees for managing investment products, along with returns on investments made with these funds. This approach allows Canada Life to offer competitive services while maintaining a stable financial foundation. Additionally, the company focuses on creating a supportive work environment for its employees, providing opportunities for professional development and flexible benefits. Canada Life's digital team enhances customer experience by developing user-friendly digital solutions that cater to the insurance and financial needs of Canadians.
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Chesnara plc has agreed to acquire a closed portfolio from Canada Life Limited, including unit-linked bonds and legacy pension business, with 17,000 policies and assets of £1.5 billion as of 31 Dec 2023. The policies will transfer to Chesnara's UK subsidiary, Countrywide Assured, by 2025, pending a court-approved Part VII transfer. The reinsurance agreement is valued at £2 million. The deal is expected to enhance Chesnara's Economic Value by £8 million and generate £8 million in cash over five years.
In partnership with Canada Life, NPTA members can access a comprehensive Group Life Cover package that includes valuable additional services designed to support the wellbeing of your employees.
Canada Life has partnered with not-for-profit organisation, ELSA Next Generation, which provides targeted educational programmes to young people.
Canada Life has appointed Dan Crook as managing director of group protection.
Macoun is retiring from Canada Life after more than 40 years with the company.
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Discover companies similar to Canada Life
Industries
Fintech
Financial Services
Company Size
10,001+
Company Stage
M&A
Total Funding
N/A
Headquarters
Toronto, Canada
Founded
1846
Find jobs on Simplify and start your career today
Discover companies similar to Canada Life