Jump to content

List of insurance companies in Canada

Add links
From Wikipedia, the free encyclopedia

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]

Current insurance carriers

[edit]
Company Established Headquarters Notes
Algoma Mutual Insurance Company 1899 Thessalon, Ontario
Allstate Canada Canadian subsidiary of Allstate
Amherst Island Mutual Insurance Company 1894 Stella, Ontario
Assumption Life
Assurant Canada
Aviva Canada 1999 Markham, Ontario
Axiom Mutual Insurance Company 2021 Zurich, Ontario Created through the merger of Hay Mutual and Town and Country Mutual.
Ayr Farmers' Mutual Insurance Company 1893 Ayr, Ontario
Bay of Quinte Mutual Insurance Co. 1874 Picton, Ontario
Beneva 2020 Quebec City, Quebec Created through merger of La Capitale and SSQ Insurance
Bertie and Clinton Mutual Insurance Company 1970 Welland, Ontario Formed through the merger of Bertie and Willoughby Mutual and Clinton Mutual.
Blanshard Mutual Insurance Company 1876 St Marys, Ontario
Brant Mutual Insurance Company 1861 Brantford, Ontario
CAA Insurance Company 1974 Markham, Ontario Founded in Toronto as the Ontario Motor Insurance Company
Canada Life 1847 Winnipeg, Manitoba Founded 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 1992 Toronto, Ontario Subsidiary of Foresters Financial
Canadian Association of Blue Cross Plans
Canadian Premier[3] 1916 Toronto, Ontario Operates under the brand name Securian Canada
Caradoc Townsend Mutual 2018 Waterford, Ontario Formed through the merger of Caradoc Delaware Mutual and Townsend Mutual.
Cayuga Mutual Insurance Company 1875 Cayuga, Ontario
Combined Insurance Canada Canadian subsidiary of Combined Insuranc
Commonwell Mutual Insurance Group 2014 Lindsay, Ontario Formed through the merger of the Farmers’ Mutual Insurance Company (Lindsay), Glengarry Mutual, and Lanark Mutual.
The Co-operators Group 1945 Guelph, Ontario Founded in Regina as the Co-operative Life Insurance Company.
Desjardins Insurance
Dufferin Mutual Insurance Company 1895 Shelbourne, Ontario
Economical Insurance 1871 Kitchener, Ontario
Edge Mutual Insurance Company 1887 Drayton, Ontario Changed name from the Peel Maryborough Insurance Company in 2015.
Empire Life 1923 Kingston, Ontario
Equitable Life Insurance Company of Canada 1920 Waterloo, Ontario
Erie Mutual Fire Insurance Company 1871 Dunnville, Ontario
Fenchurch General Insurance Company 1981 Toronto, Ontario
Federated Insurance Company of Canada 1920 Winnipeg, Manitoba
Foresters Financial 1874 Toronto, Ontario
Gore Mutual Insurance Company 1839 Galt, Ontario
Great American Insurance Company
Green Shield Canada 1957 Windsor, Ontario
Grenville Mutual Insurance Company 1892 Kemptville, Ontario
HD Mutual Insurance 2024 Sheffield, Ontario Formed through the merger of Halwell Mutual and Dumfries Mutual.
Heartland Farm Mutual Inc. 2016 Waterloo, Ontario Formed through the merger of North Waterloo Farmers Mutual and Oxford Mutual.
Howick Mutual Insurance Company 1873 Wroxeter, Ontario
Humania[4]
IA Financial Group 1987 Quebec City, Quebec Formed through the merger of Alliance Nationale and Industrial Life.
Intact Financial 1809 Founded as the Halifax Fire Insurance Association.
Ivari 1932 Toronto, Ontario
Kent and Essex Mutual Insurance Company 1888 Chatham, Ontario
L&A Mutual Insurance Company 1877 Napanee, Ontario Originally the Lennox and Addington Mutual Fire Insurance Company.
Lambton Mutual Insurance Company 1875 Watford, Ontario
Maple Mutual Insurance Company 1910 Dresden, Ontario
Manulife 1887 Toronto, Ontario
Munich Re Canada
North Blenheim Mutual Insurance Company 1861 Bright, Ontario
Peel Mutual Insurance Company 1876 Brampton, Ontario
The Personal Insurance Company 1974 Lévis, Quebec Subsidiary of Desjardins
Pilot Insurance Company 1927 Founded 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 Canada Canadian subsidiary of Primerica
Reliable Life
Salus Mutual Insurance Company 2023 North Aylmer, Ontario Formed through the merger of Howard Mutual and West Elgin Mutual.
South Easthope Mutual Insurance Company 1871 Tavistock, Ontario
Sovereign General Insurance Company 1953 Toronto, Ontario Subsidiary of the Co-operators
Sun Life Financial 1865 Toronto, Ontario
Swiss Re
Teachers Life 1939
Tradition Mutual Insurance Company 2002 St Marys, Ontario Formed through the merger of Blanshard Mutual and Downie Mutual.
Trillium Mutual Insurance Company 2004 Listowel, Ontario Formed through the merger of Formosa Mutual and Elma Mutual.
UV Insurance 1889 Formerly the Union Life Mutual Assurance Company
Wawanesa Insurance 1896 Winnipeg, Manitoba
West Wawanosh Mutual Insurance Company 1879 Goderich, Ontario
Western Assurance Company 1851 Toronto, Ontario Subsidiary of the RSA Insurance Group.
Westminster Mutual Insurance Company 1857 Belmont, Ontario
Wilton Re
Yarmouth Mutual Insurance Company 1881 St Thomas, Ontario

Bank-affiliated carriers

[edit]

Government-owned insurance companies

[edit]

Defunct insurance companies

[edit]
Company Established Dissolved Fate
Bertie and Willoughby Mutual 1880 1970 Merged with Clinton Mutual to form Bertie and Clinton Mutual
Blanshard Mutual Insurance Company 1876 2002 Merged with Downie Mutual to form Tradition Mutual
British America Assurance Company 1833 1961 Acquired by the Royal Insurance Company.
Caradoc Delaware Mutual Insurance Company 1884 2018 Merged with Townsend Mutual to form Caradoc Townsend Mutual.
Clinton Mutual Fire Insurance Company 1898 1970 Merged with Bertie and Willoughby Mutual to form Bertie and Clinton Mutual
Commercial Union Life Assurance 2001 Manulife
Confederation Life Assurance Company 1871 1995 Acquired by Manulife and Maritime Life after bankruptcy
Crown Life Assurance Company 1900 1998 Canada Life Assurance
Dominion Life Assurance Company 1889 1985 Manulife
Dominion of Canada General Insurance Company 1887 2013 The Travelers Companies
Downie Mutual Insurance Company 1884 2002 Merged with Blanshard Mutual to form Tradition Mutual
Dumfries Mutual Fire Insurance Company 1856 2024 Merged with Halwell Mutual to form HD Mutual.
Dunwich Farmers' Mutual Fire Insurance Company 1880 1979 Merged with Southwold Farmers Mutual Fire Insurance to form West Elgin Mutual.
East Williams Mutual Insurance Company 1875 2001 Merged with Ekfrid Mutual and Lobo Mutual to form Town and Country Mutual.
Eaton Life Insurance 1920 1986 Originally the T. Eaton Life Assurance Company. Acquired in 1986 by Laurentian Life as part of the purchase of Eaton Financial.
Ekfrid Mutual Insurance Company 1891 2001 Merged with Lobo Mutual and East Williams Mutual to form Town and Country Mutual.
Elma Mutual Insurance Company 1884 2004 Merged with Formosa Mutual to form Trillium Mutual.
Eramosa Mutual Fire Insurance Company 1861 1968 Merged with Halton Mutual and Puslinch Mutual to form Halwell Mutual.
Excelsior Life Insurance Company 1889 1999 Purchased in 1960 by Aetna; changed name to Aetna Life Insurance Company of Canada in 1989. Acquired by Maritime Life in 1999.
Family Life Assurance Company 1963 Merged into Sovereign Life.
Farmers' Mutual Insurance Company (Lindsay) 1895 2014 Merged with Glengarry Mutual and Lanark Mutual to form Commonwell Mutual.
Formosa Mutual Insurance Company 1880 2004 Merged with Elma Mutual to form Trillium Mutual.
Glengarry Mutual Insurance Company 1895 2014 Merged with Farmers’ Mutual Insurance Company (Lindsay) and Lanark Mutual Insurance Company to form Commonwell Mutual.
Great-West Life Assurance Company 1891 2020 Merged with Canada Life and London Life using the Canada Life name, under the ownership of Great-West Lifeco.
Grey & Bruce Mutual Insurance Company 1878 2014 Merged into Howick Mutual.
Halton Mutual Fire Insurance Company 1890 1968 Merged with the Puslinch Mutual and Eramosa Mutual to form Halwall Mutual.
Halwell Mutual Insurance Company 1968 2024 Formed 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 Company 1875 2021 Merged with Town and Country Mutual to form Axiom Mutual.
Howard Mutual Insurance Company 1892 2023 Merged with West Elgin Mutual to form Salus Mutual.
Imperial Life Assurance Company 1896 2001 Acquired by Desjardins in 1994, merged operations in 2001.
Kings Mutual Insurance Company 1904 2021 Acquired by Heartland Farm Mutual.
La Capitale Merged with SSQ Insurance to form Beneva
Lanark Mutual Insurance Company 1896 2014 Merged with Farmers’ Mutual Insurance Company (Lindsay) and Glengarry Mutual Insurance Company to form the Commonwell Mutual.
Laurentian Life 1993 Imperial Life
Laurier Life Insurance Company 1966 1998 Merged into Imperial Life
Liberty Health 2003 Maritime Life
Lobo Mutual Insurance Company 1882 2001 Merged with Ekfrid Mutual and East Williams Mutual to form Town and Country Mutual.
London Life Insurance Company 1874 2020 Merged with Canada Life and Great-West Life using the Canada Life name, under the ownership of Great-West Lifeco.
Maritime Life Assurance Company 1922 2004 Manulife
Mercantile Fire Insurance 1875 1896 Acquired by London and Lancashire Insurance
Merchants Casualty Insurance Company 1924 1936 Acquired by Economical Insurance
Monarch Life Assurance Company 1904 1983 Acquired by North American Life.
Montreal Life Insurance Company 1908 1986 Founded as the Travellers Life Assurance Company of Canada; name changed in 1924. Merged into Empire Life.
Mutual Life Assurance Company 1868 2002 Renamed Clarica Life in 2000. Acquired by Sun Life in 2002.
National Life Assurance Company of Canada 1897 2005 Merged into Industrial Alliance Insurance
North American Life Assurance Company 1881 1995 Manulife
North Waterloo Farmers Mutual 1874 2016 Merged with Oxford Mutual to form Heartland Farm Mutual
North West Life Assurance Company of Canada 1966 2000 Became the Industrial-Alliance Pacific Life Insurance Company.
Northern Life Assurance Company of Canada 1894 1986 Acquired by the Inland Financial Company. Individual operations integrated into Sovereign Life, group operations sold to Constellation Assurance.
Ontario Blue Cross 1995 Liberty Health
Oxford Mutual Insurance Company 1878 2016 Merged with North Waterloo Farmers Mutual to form Heartland Farm Mutual
Pictou County Farmers Mutual Fire Insurance Company 1904 2016 Merged into Kings Mutual
Puslinch Mutual Fire Insurance Company 1859 1968 Merged with Eramosa Mutual and Halton Mutual to form Halwell Mutual.
Queen City Fire Insurance Company 1871 1960 Liquidated?
Southwold Farmers Mutual Fire Insurance Company 1878 1979 Merged 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 Company 1934 2002 Founded 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 Company 2001 2021 Formed through the merger of Lobo Mutual, Ekfrid Mutual and East Williams Mutual. Merged with Hay Mutual to form Axiom Mutual.
Townsend Mutual Insurance Company 1879 2018 Merged with Caradoc Delaware Mutual to form Caradoc Townsend Mutual.
United Investment Life Assurance Company Merged into Sovereign Life.
UnumProvident 2004 RBC Insurance
Waterloo Mutual Insurance Company 1863 1980 Acquired by Economical Insurance
West Elgin Mutual Insurance Company 1880 2023 Formed through the merger of Dunwich Mutual and Southwold Farmers Mutual. Merged with Howard Mutual to form Salus Mutual.
Westbury Canadian Life 2004 RBC Insurance
Western Life Assurance Company[5] 2002 Merged with Toronto Mutual Life to form Unity Life of Canada (now Foresters Life).
Westmount Life Insurance Company 1962 Merged into Sovereign Life.
Zurich Life Insurance of Canada 2001 Manulife

See also

[edit]

References

[edit]
  1. ^ "The 5 Big Names in Canadian Insurance". Investopedia. Retrieved 2021-10-04.
  2. ^ a b "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.
Retrieved from "https://en.wikipedia.org/w/index.php?title=List_of_insurance_companies_in_Canada&oldid=1253200986"