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Great-West
Great-West Lifeco Inc. is a Canadian insurance-centered financial holding company that operates in North America (Canada and United States), Europe and Asia through five wholly owned, regionally focused subsidiaries. Many of the companies it has indirect control over are part of its largest subsidiary, The Canada Life Assurance Company; the others (Great West Life & Annuities Financial Inc. and Putnam Investments, LLC) are managed by Great-West Lifeco U.S. LLC, a U.S. based subsidiary. Great-West Lifeco is indirectly controlled by Montreal billionaire Paul Desmarais through his stake in the Power Corporation of Canada (owned by the Desmarais family since 1968), which owns 72% (down slightly from 74.6% in 2005) of Great-West Lifeco. The hyphen in the company's name was originally a typesetter's error. For the three months ended June 2013, 63% of revenue originated in Canada, 26% from the U.S., and 10% from Europe. Group retirement products (Canadian sales up 49%) and 401k marke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada Life
The Canada Life Assurance Company, commonly known as Canada Life, is an insurance and financial services company with its headquarters in Winnipeg, Manitoba. The current company is the result of the 2020 amalgamation of The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company, along with their holding companies (London Insurance Group Inc. and Canada Life Financial Corporation). The company is a wholly owned subsidiary of Great-West Lifeco. History and ownership Great-West Life Assurance Company The Great-West Life Assurance Company (French: ''La Great-West, Compagnie d'Assurance-vie'') provided life, disability, and health insurance; benefit and retirement plans; and investment advice. It was active in both the United States and Canada. Great-West Life was founded in Winnipeg in 1891 by Jeffry Hall Brock, a local insurance agent. The company was incorporated on August 28, 1891, with local residents such as James Ashdown on i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Empower Retirement
Empower is a retirement plan recordkeeping financial holding company based in Greenwood Village, Colorado, United States. It is the second-largest retirement plan provider in the United States. History Empower was created in 1891, when parent company Great-West Lifeco was founded as an insurance provider on the Canadian prairie. After serving more than a century of expansion and a profound evolution of service offerings, the modern iteration of Empower was launched in 2014, when the retirement businesses of Great-West Life combined the record-keeping services of Great-West Financial, JPMorgan Chase, and Putnam Investments. Part of Great-West Life & Annuity Insurance Company, Empower is an indirect wholly owned subsidiary of Great-West Lifeco. Empower is led by President and CEO Edmund F. Murphy III. In 2019, Empower Retirement signed a 21-season contract to the naming rights of the Denver Broncos stadium, named Empower Field at Mile High. In June 2020, the company announced its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeffry Hall Brock
Jeffry Hall Brock (1850–1915) was a Canadian businessman who was also politically active at the time of John A. Macdonald. He had a significant influence on the Canadian insurance industry (Great-West Life turned out be the second biggest insurance conglomerate in. Canada, started the first Western Canada based insurance company), politics (rallied against high tariffs and the railway monopoly). During his tenure as managing director of Great-West Life the company's share of sales in Canada's insurance market rose from 0.5% to 13.8%. He is a member of the Canadian Business Hall of Fame Companions. Personal life He grew up in Guelph, Ontario, the son of Thomas Rees Brock and Eleanor Thompson, and brother to William Rees (a partner in Ogilvy & Company). He attended both public and private schools in Guelph. The youngest of 11 children, he showed strong interest in business and entrepreneurship early on, selling things at the age of 15 four years before moving to the United ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
