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Confederation Life
Confederation Life Insurance Company, also known as Confederation Life, was a major Canada, Canadian insurance company and financial services provider. Its global head office was located in Toronto in what is now the Rogers Building (Toronto), Rogers Building. The company had operations in Canada, the United States, the United Kingdom, and Bermuda, and an inactive office in Cuba. History The company was founded in 1871 by John Kay Macdonald (1837–1928) in Toronto, then established operations in the UK in 1906 (with a head office at Stevenage, Hertfordshire) and later into the United States with offices in Atlanta. Macdonald retired in 1920 and was succeeded by Charles Strange Macdonald from 1921 to 1946 and then John Kenneth Macdonald from 1946 to 1969. John Kenneth MacDonald's daughters, Peggy Latimer and Ann Macintosh, never were operationally involved in the firm, but they did inherit ownership from their father. In 1969, J. Craig Davidson became president and for the first ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Toronto
Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anchor of the Golden Horseshoe, an urban agglomeration of 9,765,188 people (as of 2021) surrounding the western end of Lake Ontario, while the Greater Toronto Area proper had a 2021 population of 6,712,341. Toronto is an international centre of business, finance, arts, sports and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world. Indigenous peoples have travelled through and inhabited the Toronto area, located on a broad sloping plateau interspersed with rivers, deep ravines, and urban forest, for more than 10,000 years. After the broadly disputed Toronto Purchase, when the Mississauga surrendered the area to the British Crown, the British established the town of York in 1793 and later designat ...
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Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by total area. Its southern and western border with the United States, stretching , is the world's longest binational land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. Indigenous peoples have continuously inhabited what is now Canada for thousands of years. Beginning in the 16th century, British and French expeditions explored and later settled along the Atlantic coast. As a consequence of various armed conflicts, France ceded nearly all of its colonies in North America in 1763. In 1867, with the union of three British North American colonies through Confederation, Canada was formed as a federal dominion of four provinces. This began an accretion of provinces an ...
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Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ...
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Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Rogers Building (Toronto)
The Rogers Building, located in Toronto, Ontario, Canada, is part of the corporate campus of Canadian media conglomerate Rogers Communications, as well as the home of most, but not all, of the company's Toronto operations. The facade walls of the postmodernhttps://www.acotoronto.ca/building.php building are light pink, with light green roof and light green window frames. Overview Located at 1 Mount Pleasant Road / 1 Ted Rogers Way (formerly 777 Jarvis Street), the complex occupies almost all of the block bounded by Jarvis, Bloor, Huntley and Isabella streets. Mount Pleasant Road divides the northwest corner of the block from the remainder of the site, but Rogers occupies separate buildings on both sides of Mount Pleasant which are connected by a bridge and a tunnel. Collectively, all of the interconnected buildings (in addition to nearby buildings at 333 and 350 Bloor Street East) are referred to as the Rogers Corporate Campus. Rogers acquired various parts of the block over ...
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Stevenage
Stevenage ( ) is a large town and borough in Hertfordshire, England, about north of London. Stevenage is east of junctions 7 and 8 of the A1(M), between Letchworth Garden City to the north and Welwyn Garden City to the south. In 1946, Stevenage was designated the United Kingdom's first New Town under the New Towns Act. Etymology "Stevenage" may derive from Old English ''stiþen āc'' / ''stiðen āc'' / ''stithen ac'' (various Old English dialects cited here) meaning "(place at) the stiff oak". The name was recorded as ''Stithenæce'' in c.1060 and as ''Stigenace'' in the Domesday Book in 1086. History Pre-Conquest Stevenage lies near the line of the Roman road from Verulamium to Baldock. Some Romano-British remains were discovered during the building of the New Town, and a hoard of 2,000 silver Roman coins was discovered during house-building in the Chells Manor area in 1986. Other artefacts included a dodecahedron toy, fragments of amphorae for imported wine, bone hairpin ...
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Hertfordshire
Hertfordshire ( or ; often abbreviated Herts) is one of the home counties in southern England. It borders Bedfordshire and Cambridgeshire to the north, Essex to the east, Greater London to the south, and Buckinghamshire to the west. For government statistical purposes, it forms part of the East of England region. Hertfordshire covers . It derives its name – via the name of the county town of Hertford – from a hart (stag) and a ford, as represented on the county's coat of arms and on the flag. Hertfordshire County Council is based in Hertford, once the main market town and the current county town. The largest settlement is Watford. Since 1903 Letchworth has served as the prototype garden city; Stevenage became the first town to expand under post-war Britain's New Towns Act of 1946. In 2013 Hertfordshire had a population of about 1,140,700, with Hemel Hempstead, Stevenage, Watford and St Albans (the county's only ''city'') each having between 50,000 and 100,000 r ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Atlanta
Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 living within the city limits, it is the eighth most populous city in the Southeast and 38th most populous city in the United States according to the 2020 U.S. census. It is the core of the much larger Atlanta metropolitan area, which is home to more than 6.1 million people, making it the eighth-largest metropolitan area in the United States. Situated among the foothills of the Appalachian Mountains at an elevation of just over above sea level, it features unique topography that includes rolling hills, lush greenery, and the most dense urban tree coverage of any major city in the United States. Atlanta was originally founded as the terminus of a major state-sponsored railroad, but it soon became the convergence point among several rai ...
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CompCorp
Assuris is a nonprofit organization under Canadian federal regulation to protect policyholders of life insurance instruments if a life insurance company becomes insolvent. It is designed to allow a block of policies to be transferred to a solvent company in which the policies will continue to be honoured (similar to the Canada Deposit Insurance Corporation for deposit accounts). The Office of the Superintendent of Financial Institutions states, "Assuris' mission is to mitigate the impact on Canadian policyholders of the financial failure of a life insurance company." Every life insurer that is authorized to sell policies in Canada is required by the various provincial, territorial, and federal regulators to become a member of Assuris. Founded in 1990 as CompCorp, it was renamed to Assuris in 2005. Policies are protected as follows: *monthly income, health expense, death benefits, and cash values policyholders receive at least 85% of their promised benefits. *However, 100% protec ...
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