Assumption Mutual Life Insurance Company,
operating as
A trade name, trading name, or business name, is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is a "fictitious" business name. Registering the fictitious name w ...
Assumption Life (french: Assomption Vie), is a Canadian
life insurance and
asset management company based in
Moncton,
New Brunswick
New Brunswick (french: Nouveau-Brunswick, , locally ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the four Atlantic provinces. It is the only province with both English and ...
.
History
The company was established in 1903 by
Acadians in
Massachusetts
Massachusetts (Massachusett: ''Muhsachuweesut Massachusett_writing_systems.html" ;"title="nowiki/> məhswatʃəwiːsət.html" ;"title="Massachusett writing systems">məhswatʃəwiːsət">Massachusett writing systems">məhswatʃəwiːsət'' En ...
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
A mutual organization, or mutual society is an organization (which is often, but not always, a company or business) based on the principle of mutuality and governed by private law. Unlike a true cooperative, members usually do not contribute ...
. In 1972, Assumption Life moved into their new head office in Moncton,
Assumption Place
Assumption Place is an office building in Moncton, New Brunswick, Canada. It is the headquarters of Assumption Life. It is tied for the title of tallest office building in New Brunswick with the Brunswick Square in Saint John, New Brunswick. The b ...
, 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
Assumption Place is an office building in Moncton, New Brunswick, Canada. It is the headquarters of Assumption Life. It is tied for the title of tallest office building in New Brunswick with the Brunswick Square in Saint John, New Brunswick. The b ...
) along with other properties in Moncton and
Edmundston
Edmundston is a city in Madawaska County, New Brunswick, Canada.
On 1 January 2023, Edmundston will expanded, annexing the village of Rivière-Verte and parts of the local service districts of the parish of Saint-Jacques and the parish of Sai ...
,
New Brunswick
New Brunswick (french: Nouveau-Brunswick, , locally ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the four Atlantic provinces. It is the only province with both English and ...
* Atlantic Holdings (1987) Ltd.
See also
*
Michel Bastarache
J. E. Michel Bastarache (born 1947) is a Canadian lawyer, businessman, and retired puisne justice on the Supreme Court of Canada.
Early life and education
Born in Quebec City on June 10, 1947, Bastarache earned his Bachelor of Arts degree ...
*
List of companies headquartered in Moncton
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