Company Mergers and Ownerships

The list below is a compilation of mergers, acquisitions and name changes of Canadian Life Insurance Companies. If you can not find the company you are looking for we suggest you contact the Canadian Life and Health Insurance Association (CLHIA) @ 416-777-2344.

• Abbey Life was purchased by ITT Hartford Life Insurance Company of Canada, which was later bought by AIG Life Insurance Company of Canada.
• Aetna Life purchased Financial Life and Excelsior Life. Aetna Life was then purchased by Maritime Life.
• Aeterna Life is now owned by Desjardins Group.
• Canada Life purchased Crown Life as well as CNA.
• Citadel Life was renamed Premier Life Insurance Company.
• CNA Life was purchased by Canada Life.
• Colonia Life was renamed Concordia Life who purchased Empire Life and is in the process of integrating all its products and systems.
• Confederation Life's individual life insurance contracts and segregated funds were bought by Maritime Life.
• Commercial Union Life was bought by Manulife Financial
• The Credit Life changed to Union Fidelity Life.
• Crown Life was purchased by Canada Life
• Financial Life was bought by Aetna Life who was purchased by Maritime Life.
• Gerling Global Life and Sun Alliance were purchased by Royal Life which was renamed Royal Mergers & Acquisitions of Canadian Life Insurance Companies.
• Glacier National Life was bought by The Bank of Nova Scotia.
• Holland Life Insurance Society Ltd. was purchased by Commercial Union Life. Commercial Union's individual life book of business assumed by Manulife.
• Imperial Life purchased by Desjardins Financial Security.
• Laurentian Life was absorbed by The Imperial Life Insurance Company of Canada.
• Laurier Life became a division of Imperial Life and were bought by Desjardins Financial Security.
• London Life was purchased by Great West Life and operates as London Life.
• Mony Life was bought by NN Life who was purchased by Transamerica Life.
• Metropolitan Life of Canada was purchased by Mutual Life. A portion of Mutual Lifes brokerage life insurance sales were purchased by Equitable Life.
• Mutual Life was renamed Clarica.
• Mutual of Omaha was purchased by RBC Life.
• North American Life was bought by Manulife Financial.
• New York Life was absorbed by Canada Life.
• NN Life was purchased by Transamerica Life.
• Norwich Union was bought by AIG Life Insurance Company of Canada.
• Prudential Life Insurance Company of England was purchased by Mutual Life.
• The Paul Revere Life Insurance Company merged with Provident Companies Inc. and was renamed Provident Life.
• Provident Companies Inc. merged with The Paul Revere Life Ins. Co. and was renamed Provident Life.
• Provident Life merged with Unum Canada and is now under the name UnumProvident.
• Royal & SunAlliance was purchased by Maritime Life.
• Seaboard Life was bought by North West Life which was purchased by Industrial Life. Industrial Life was renamed Industrial Alliance Pacific Life Insurance Company.
• Sovereign Life's individual life insurance book of business was assumed by Standard Life.
• Sun Alliance became Royal and Sun Alliance which was purchased by Maritime Life.
• Westbury Life and Canadian General Life merged and renamed Westbury Canadian Life. Westbury Canadian Life was then bought by Royal Bank who been renamed RBC Life.
• The Federal Civil Service Mutual Benefit Society was purchased by Sun Life.
• Toronto Mutual Life was renamed Unity Life.
• Transamerica Life was bought by Aegon but continued to operate as Transamerica Life.
• Traveller’s Life Insurance of Canada sold its group division to Zurich Canada now owned by Manulife and its individual division to Imperial Life now owned by Desjardins.
• U.N.A. Life was absorbed by Maritime Life.
• Unum Canada was renamed Unum Life Insurance Company of America.
• Unum Life Insurance Company of America merged with Provident Life and are now under the name UnumProvident of Canada.
• Western Life was renamed Unity Life.
• Zurich was purchased by Manulife.