Assumption Mutual Life Insurance Company,
operating as Assumption Life (french: Assomption Vie), is a Canadian
life insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...
and
asset management
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...
company based in
Moncton
Moncton (; ) is the most populous city in the Provinces and territories of Canada, Canadian province of New Brunswick. Situated in the Petitcodiac River Valley, Moncton lies at the geographic centre of the The Maritimes, Maritime Provinces. The ...
,
New Brunswick.
History
The company was established in 1903 by
Acadian
The Acadians (french: Acadiens , ) are an ethnic group descended from the French who settled in the New France colony of Acadia during the 17th and 18th centuries. Most Acadians live in the region of Acadia, as it is the region where the de ...
s in
Massachusetts as ''la Société l'Assomption'', a small life insurance agency. The company moved to Moncton in 1913 and up until 1969 the company was run as a fraternal society before becoming a
mutual organization. In 1972, Assumption Life moved into their new head office in Moncton,
Assumption Place, which is by far the
tallest building in the city.
Subsidiaries
Assumption Life has majority control over the following companies:
* Louisbourg Investments Inc., an investment portfolio management firm with over 1.4 billion dollars of assets under management.
* Assumption Place Ltd., A real estate holding company which owns the company's head office in Moncton (
Assumption Place) along with other properties in Moncton and
Edmundston,
New Brunswick
* Atlantic Holdings (1987) Ltd.
See also
*
Michel Bastarache
*
List of companies headquartered in Moncton
Companies (2014 onwards)
This is a partial list of companies that are headquartered in the Greater Moncton Area, including Dieppe and Riverview, New Brunswick, Canada:
Arms of J.D. Irving Limited based in Moncton
Former companies
This is ...
References
External links
Official website
{{Acadia
Financial services companies established in 1903
Companies based in Moncton
Life insurance companies of Canada
Mutual insurance companies
1903 establishments in Massachusetts