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Insurance Companies in Toronto
Find companies offering a variety of personal,
business, and industrial insurance policies including life, term, health,
travel, disaster, dental, car and auto insurance, and other types of policies in
Toronto, Ontario, Canada.
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Insurance companies of Canada :
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Assumption Life
Assumption Life (Fr: Assomption Vie) is a financial
services company based in Moncton, New Brunswick, Canada. The company is a
Canada wide life insurance provider with over 75,000 active policies and also
operates a large asset management agency with over 1 billion dollars of assets
under management.
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Aviva Canada
Aviva Canada Inc. (Also known as Aviva Canada) is
the Canadian arm of UK based Aviva plc. Aviva Canada is the second largest
Property & Casualty Insurer in Canada with a market share of 8.7% and Gross
Written Premium (GWP) of $3.155B.
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Canada Life Financial
Canada Life Financial Corporation (TSX: CL) is a
Canadian company that offers life, health, and disability insurance for groups
and individuals.
Founded in 1847, it was acquired by The Great-West Life Assurance Company in
2003, after rejecting a hostile takeover bid by rival Manulife. Hugh Cossart
Baker, Sr. established the first life insurance company in Canada 21 August
1847; the Canada Life Assurance Company. The firm was incorporated in 1849. The
first head office was in Hamilton, Ontario on the top floor of the Mechanics'
Institute on James Street near Merrick, where the Hamilton City Centre (formerly
the Eaton's Centre) now stands. The head office remained in Hamilton until 1900,
when the new president George Cox moved it to Toronto. He was the father of
telephone pioneer Hugh Cossart Baker, Jr..
Canada Life is based in Toronto, Ontario at the historic Canada Life Building on
University Avenue. It also commissioned the Canada Life Building in Montreal.
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The Co-operators
The Co-operators, founded in 1945, is a Canadian
insurance co-operative owned by 40 members. It is one of the largest wholly
Canadian-owned multiline insurers, offering auto, home, life, farm, travel, and
business insurance as well as investments. The company was started by farmers in
Saskatchewan, in 1945.
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Desjardins Financial Security
Desjardins Financial Security is the life and
health insurance arm of Desjardins Group, the leading financial institution in
Quebec and the largest cooperative financial group in Canada.
Desjardins Financial Security specializes in individual and group life and
health insurance, as well as retirement savings products and services. The
Company employs more than 3,700 people and administers over $22 billion in
assets.
It is ranked as the fourth largest life and health insurer in Canada and first
in Quebec in terms of written premiums.
The head office of Desjardins Financial Security is in Lévis, Quebec.
Desjardins Financial Security has branches in several cities across Canada,
including Vancouver, Calgary, Winnipeg, Toronto, Ottawa, Montreal, Quebec City,
Halifax and St. John's.
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Dominion of Canada General Insurance Company
The Dominion of Canada General Insurance Company,
commonly shortened to The Dominion, has been in operation since 1887. Its first
president was Canada's first Prime Minister Sir John A. Macdonald. Not only is
it one of Canada's oldest insurance companies, it is also one of the largest. It
is the only company legally licenced to use the Canadian coat of arms in its
logo and affiliated material. The company has offices across Canada and is
headquartered in Toronto, Ontario.
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Empire Life
The Empire Life Insurance Company (Empire Life or
Empire Vie) is a Canadian life insurance and financial services company with its
headquarters in Kingston, Ontario, Canada. It was incorporated in 1923 and is a
subsidiary of E-L Financial Corporation Limited of Toronto, Ontario, Canada. The
Company provides individual life, health and investment products as well as
group life and health products through independent distribution partners
including financial advisors, management general agents, national account firms
and employee benefit producers.
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Fairfax Financial
Fairfax Financial Holdings Limited (TSX: FFH NYSE:
FFH) is a financial holding company based in Toronto, Ontario, which is engaged
in property, casualty, and life insurance and reinsurance, investment
management, and insurance claims management. The company operates primarily
through several subsidiaries, including Odyssey Re, Northbridge Financial, and
Crum & Forster.
As of December 31, 2008, Fairfax had total assets of approximately $27.3
billion, and its revenue for the prior twelve months was approximately $8.0
billion. Over the last 22 years (that is, since present management took over -
until fiscal year Dec. 31, 2007), the company had a compound growth rate of
approximately 26% in book value per share.
Fairfax Financial has worldwide over 8,200 employees (5,000 of them work
throughout the United States). There are just 30 employees at head office in
Toronto.
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Federated Insurance Company of Canada
Federated Insurance Company of Canada ("Federated
Insurance") is a direct writer of property and casualty insurance products
headquartered in Winnipeg, Manitoba, Canada. The Company has approximately 370
employees in nine offices across Canada, with approximately 150 in Winnipeg.
Federated Insurance has an A. M. Best rating of "A (Excellent)."
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The Great-West Life Assurance Company
The Great-West Life Assurance Company (known more
commonly Great-West Life, and its official French name is La Great-West,
compagnie d'assurance-vie) (TSX: GWO) is a life insurance company. Its
headquarters is located in Winnipeg, Manitoba, Canada and its President and CEO
is Allen Loney.
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The Guarantee Company of North America
The Guarantee Company of North America (GCNA),
founded in 1872, is currently the largest purveyor of contract surety and
fidelity bonding in Canada.
It started out providing fidelity bonds for the employees of the railways (such
as the Grand Trunk Railway) in the 1800s.
The earliest beginnings are traced back to an Edward Rawlings who in 1863 was
dispatched from London, England, to Montreal, Canada, to begin this venture. He
initially went out of business, but together with his clients and friend Sir
Alexander Galt acquired a Charter on April 9, 1872, with Sir Alexander as
president and Rawlings as manager in Montreal, Quebec.
Today the GCNA is the largest provider of insurance to government and
governmental organizations across Canada.
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H.L. Staebler Company
H.L. Staebler Company Limited is an independently
owned and operated insurance brokerage located in Kitchener, Ontario, Canada.
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Harvard Developments
Harvard Developments is the name of a commercial
development and holding corporation in the Canadian city of Regina,
Saskatchewan. It is involved in commercial and residential development, plus
radio broadcasting and insurance. It is the descendant of firms controlled by
the Hill family of Regina.
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Hub International
Hub International Limited is an insurance brokerage
based in Chicago, Illinois. The company has 200+ offices across the United
States and Canada. The company offers three types of commercial products and
services: property and casualty products, employee benefits and risk management
services. It offers two types of personal products and services: property and
casualty products, and life, health and financial products and services.
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Industrial Alliance
Industrial Alliance Insurance and Financial
Services, Incorporated is a Quebec based financial services company in the
business of individual and group insurance, individual wealth management and
group pensions. It is a major player in the Canadian market where it serves 3
million people across the country and ranks 4th among insurance companies
however, the company has recently begun focusing on increasing its presence in
the US market where it sees an opportunity for growth. Its first major expansion
into the US market happened in April 2010 when it purchased American Amicable
Life Insurance of Texas for $145 million. In 2010, Industrial Alliance listed in
Forbes Magazines "Global 2000" list of companies.
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Insurance Corporation of British Columbia
The Insurance Corporation of British Columbia
(ICBC) is a provincial crown corporation in British Columbia created in 1973 by
the NDP government of British Columbia. The original purpose of ICBC was to
provide universal public auto insurance in British Columbia. Its
responsibilities have expanded to include driver licensing and vehicle
registration and licensing.
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The Personal Insurance Company
Founded in 1974, The Personal Insurance Company
(The Personal) is a Canadian property and casualty (P&C) group insurance company
that specializes in home insurance and auto insurance. They provide insurance to
members and employees of over 560 organizations across Canada, including
employers, unions, financial institutions, and the government sector.
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London Life Insurance Company
London Life Insurance Company is a Canadian life
insurance company best known for its "Freedom 55" slogan, evocative of saving
money to an extent that would allow one to retire at age 55. London Life is a
subsidiary of The Great-West Life Assurance Company, which in turn is controlled
by Power Financial Corporation.
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Manitoba Public Insurance
Manitoba Public Insurance (MPI, formerly known as
the Manitoba Public Insurance Corporation, or MPIC) is a non-profit Crown
corporation based in Manitoba that has provided basic public auto insurance
since 1971.
MPI has 22 claim centres, two customer service centres in 13 locations across
Manitoba, and ten Driver and Vehicle Licensing (DVL) outlets. DVL services are
also available through 147 agents in 123 communities, including 100 photo
licencing agencies, and mobile testing units that service 69 communities. Over
1,700 people are employed by MPI.
The basic automobile insurance product offered by MPI is known more informally
as Autopac. Basic automobile insurance is compulsory in Manitoba and is only
available through Manitoba Public Insurance. Extension insurance products (lower
deductibles, increased insurance coverage, etc.) are sold in competition with
the private sector.
MPI partners with more than 300 independent insurance brokers in Manitoba.
The head office of the company is Winnipeg, Manitoba, Canada.
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Manulife Financial Corporation
Manulife Financial Corporation (NYSE: MFC, TSX:
MFC, SEHK: 945, PSE: MFC), also known as The Manufacturers Life Insurance
Company, is a major Canadian insurance company and financial services provider.
Although its global head office is located in Toronto, with its Canadian
operations based out of Waterloo, Ontario, Manulife has worldwide operations
including the United States (through its subsidiary, John Hancock Insurance) and
in 10 Asian countries and territories.
Manulife Financial is the largest insurance company in North America and the
world's fourth largest, based on market capitalization. Manulife ranks number 91
on the Forbes Global 2000 list (2008 edition); by that measure, it is the second
largest company in Canada.
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Maritime Life
The Maritime Life Assurance Company was a Canadian
insurance company based in Halifax, Nova Scotia. It was founded in 1922 and in
2004 it became fully integrated with Manulife Financial, with the Maritime Life
brand being retired. In 2004 it employed 2700 employees.
The Maritime Life headquarters were located in Armdale, Nova Scotia (part of
Halifax) near the head of the Northwest Arm. After the merger with Manulife
Financial, the signage of the buildings was changed and the facility became
Manulife's central Halifax office.
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Medavie Blue Cross
Medavie Blue Cross (French: Croix Bleue Medavie) is
the business name for Medavie Incorporated, a non-profit Canadian medical care
insurance company headquartered in Moncton, New Brunswick.
Affiliated with the Canadian Association of Blue Cross Plans, Medavie Blue Cross
traces its history to E.A. van Steenwyk's 1933 creation of the Hospital Service
Association of Minnesota, which became known as Blue Cross.
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National Bank Insurance
National Bank Insurance National Bank General
Insurance is a Property & Casualty insurance firm that provides automobile and
home insurance services directly to Quebec residents under the National Bank
Insurance banner.
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Saskatchewan Government Insurance
Created in 1945, Saskatchewan Government Insurance
(SGI) is a provincial Crown corporation that has been developed over the years
into two linked operations.
The Saskatchewan Auto Fund is the province’s compulsory public auto insurance
program, operating the driver’s licensing and vehicle registration system. The
Auto Fund is financially self-sustaining, operating on a break-even basis over
time. The Saskatchewan Auto Fund claims that it does not receive money from, nor
pay dividends to, the government.
SGI CANADA sells property and casualty insurance on properties such as homes,
farms, businesses and automobile insurance in seven Canadian provinces. It
operates as SGI CANADA in Saskatchewan, SGI CANADA Insurance Services Ltd. in
Manitoba and Alberta, the Coachman Insurance Company in Ontario and as a major
partner in the Insurance Company of Prince Edward Island in Nova Scotia, New
Brunswick and Prince Edward Island.
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Société de l'assurance automobile du Québec
The Société de l'assurance automobile du Québec or
SAAQ (English: Quebec Automobile Insurance Corporation), is a Quebec crown
corporation which provides public auto insurance which insures all drivers,
passengers, pedestrians, bicyclists and motorcyclists involved in road
collisions whether or not they are at fault. Coverage, however, is limited to
personal injuries — damage to property is covered by private insurers.
The SAAQ also administers Quebec's driver's licenses and vehicle licence plates
(analogous to the DMVs of many U.S. States), and seeks to prevent road
accidents, particularly through advertising campaigns in the media and in
schools.
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Standard Life
The Standard Life Assurance Company of Canada (also
known as Standard Life) is a major investment, retirement and financial
protection company through various products and services. The Standard Life
group has been a prominent player in the Canadian marketplace since 1833.
They currently employ over 2,000 people across Canada who work from 25 offices
across the country. They are divided into different groups including group
savings and retirement, group insurance, individual life insurance, savings and
retirement, mutual funds and portfolio management.
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Sun Life Financial
Sun Life Financial Inc. (TSX: SLF, NYSE: SLF, PSE:
SLF) is a leading international financial services company known primarily as a
life insurance company. Sun Life ranks number 236 on the Forbes Global 2000 list
for 2010.
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Townsend Farmers' Mutual Fire Insurance Company
Townsend Farmers' Mutual Fire Insurance Company is
a Canadian insurance company, headquartered in rural Ontario. The company was
founded in 1879.
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