List of Canadian insurance companies

This is a partial list of Canadian insurance companies:

Current Insurance Carriers

• Allstate Insurance Company of Canada Canadian subsidiary of US parent company.
• Assumption Life based in Moncton, NB, Assumption Mutual Life Insurance Company, doing business under the name Assumption Life, offers: life insurance, critical illness insurance, financial services and investment solutions, commercial and individual mortgage loans, group benefit plans, individual pension plans and more. This mutual life insurance company have been in business since 1903 and is recognized as one of the top places to work for in Atlantic Canada.
• Aviva Canada Aviva Canada is the second largest Property & Casualty Insurer in Canada with a market share of 8.7% and Gross Written Premium (GWP) of $3.155B
• belairdirect (Belair Insurance Company Inc.) providing complete car and home insurance solutions direct to the consumer in Quebec and Ontario.
• Blue Cross
• BMO Insurance Part of BMO Financial Group.
• CAA Health & Dental Insurance
• The Co-operators: Largest Canadian-owned insurance business in Canada.
• National Bank Insurance National Bank General Insurance is a Property & Casualty insurance firm that provides automobile and home insurance services directly to Quebec residents under the National Bank Insurance banner.
• Desjardins Group Desjardins Financial Security Life Assurance Company is the life and health insurance arm of Desjardins Group. Desjardins is the 6th largest financial institution in Canada and 2nd largest property and casualty insurance carrier, after it purchased State Farm Canada in 2014.
• Economical Insurance Founded in 1871, economical Insurance is one of the largest property and casualty insuranc companies in Canada, providing home, automobile and commercial insurance products to over one million policyholders across Canada. Its head office is located in Waterloo, Ontario, with 17 branches and member companies across the continent providing service to policyholders and brokers. In Canada, Economical partners with approximately 900 independent insurance brokers who work with customers to assess their insurance needs and choose the right products and coverage.
• Empire Life The Empire Life Insurance Company (Empire Life) offers a full range of financial products and services - including personal life insurance, critical illness coverage, investment options, group life and health benefits and group RSP plans. Head Office is located in Kingston, Ontario, Canada.
• Equitable Life of Canada
• FaithLife Financial
• Federated Insurance Company of Canada Niche insurer specializing in property and casualty insurance for several commercial markets, for example contractors, auto dealers, equipment dealers, restaurants, grocery stores, woodworking, home builders', electricians, plumbers, heating and air conditioning, manufacturing, retail and wholesale,life and group benefits. Subsidiary of Northbridge Financial and member of Fairfax Financial family.
• Gore Mutual Insurance Company
• Great American Insurance Company Niche property casualty insurer specializing in Inland Marine, Property, Employment Practices Liability and other products.
• The Guarantee Company of North America Founded in 1872, the first Canadian company to offer fidelity bonds and the largest and oldest Independent Canadian Owned Insurance Company. Offers construction and miscellaneous surety and specialized insurance products (Director's and Officers Liability, Fidelity Insurance and Personal Lines for High Assets individuals.
• The Great-West Life Assurance Company is a life and health insurance company and was founded in 1891 in Winnipeg, Manitoba. Great-West Life is currently owned by Great-West Lifeco, which is itself a joint-stock corporation traded on the Toronto Stock Exchange (TSX:GWO). Great-West Lifeco also owns the London Life Insurance Company, the Canada Life Assurance Company, and Great-West Life & Annuity Insurance Company and is the largest insurance provider in Canada. The majority owner of Great-West Lifeco is the Power Corporation of Canada who administer Great-West through the Power Financial Corporation.
• Independent Order of Foresters
• Industrial Alliance
• Insurance Corporation of British Columbia
• Intact Insurance Company of Canada is the largest Property and Casualty insurer in Canada. Purchased AXA's Canadian Business in June 2011
• Knights of Columbus
• Manulife Financial (Manufacturers Life Insurance Company) is a major Canadian insurance company and financial services provider. Although its global head office is located in Toronto, Ontario, Manulife has worldwide operations, most notably in the United States (through its subsidiary, John Hancock Insurance) and in 19 unique Asian countries and territories. Manulife Financial is the largest insurance company in Canada, the second largest in North America and the world's fifth largest, based on market capitalization.
• Medipac Travel Medical Insurance is the largest direct writer of Travel health Insurance for Canadians that live the Snowbird (people) lifestyle. Medipac provides insurance benefits endorsed by the Canadian Snowbird Association and the Royal Canadian Legion.
• Missisquoi Insurance Company The Missisquoi Insurance Company is the oldest Canadian owned property and casualty insurance company, having been established in 1835 in the Eastern Townships region of Quebec. It is now part of The Economical Insurance Group.
• National Life
• Primerica
• RBC Insurance
• Red River Mutual - operates in Manitoba & Saskatchewan, headquartered in Altona Manitoba
• SSQ Financial Group
• Standard Life is a major employer in Edinburgh, with 8,500 UK employees and over 12,000 worldwide. Standard Life plc acts as a holding company for the areas within Standard Life. Since demutualisation, the company structure is quite complex. Standard Life has an excess of seven million customers worldwide, with five million in the UK. Of these, 2.6 million are with profits members of the mutual.In 2015, Manulife Financial acquired the Canadian operations of Standard Life.
• Sun Life Financial is a leading financial services organization in Canada known primarily as a life insurance company. Today, the company manages assets in excess of $350 billion and has more than 13,000 people on its payroll plus thousands of independent agents worldwide.
• TD Insurance
• The Personal Insurance Company (The Personal) is a property and casualty (P&C) group insurance company that specializes in home insurance and auto insurance (formerly CIBC Insurance).
• Transamerica Life Canada
• Travelers Canada
• Triumph Capital Limited
• Unity Life - formerly Toronto Mutual
• Wawanesa Insurance
• Westland Insurance Westland Insurance Company Limited is a leading provider of home insurance and commercial insurance in British Columbia^[1]

Consolidation of Former Insurance Carriers

• Aetna Canada Assurance - Purchased by Maritime Life in 1999.
• Canada Life Assurance Company: Now part of Great-West Co.- Purchased in 2003.
• Clarica Life Assurance: Formerly known as Mutual Life Assurance Co. Purchased in 2002 by Sun Life Financial.
• Commercial Union Life Assurance - Purchased by Manulife Financial in 2001.
• Confederation Life Assurance Co. - Receivership in 1995. Canadian business units purchased by Manulife Financial and Maritime Life.
• Crown Life Assurance Co. - Purchased by Canada Life Assurance in 1998.
• Dominion of Canada General Insurance Company The Dominion of Canada General Insurance Company, commonly shortened to The Dominion, was acquired by Travelers Canada in November 2013 and had been in operation since 1887. It was founded by Canada's first Prime Minister Sir John A. Macdonald. Not only was it one of Canada's oldest insurance companies, it was also one of the largest. It was the only company legally licensed to use the Canadian coat of arms in its logo and affiliated material. The company had offices across Canada and was headquartered in Toronto.
• Imperial Life - Purchased by Desjardins Group in 1994.
• Laurentian Life - Absorbed by Imperial Life in 1993.
• Liberty Health - Purchased by Maritime Life in 2003.
• London Life Insurance Company - Now part of Great-West Co.- Purchased in 1997.
• Maritime Life - Purchased by Manulife Financial (as part of the John Hancock Insurance acquisition) in 2004.
• Metropolitan Life - Canadian operations purchased in 1998 by Mutual Life (which later became Clarica Life Assurance).
• Mutual of Omaha - Canadian operations purchased by RBC Insurance in 1998
• New York Life - Canadian operations purchased by Canada Life Assurance Company in 1994.
• North American Life - Merged into Manulife Financial in 1995.
• Ontario Blue Cross - Group insurance operations obtained by Liberty Health in 1995.
• Prudential Assurance Co. - Canadian operations purchased in 1996 by Sun Life Assurance Company of Canada.
• Prudential Insurance Co. of America - Canadian operations purchased by (London Life Insurance Company) in 1995.
• Royal & SunAlliance Ins. Co. - Canadian operations purchased by Maritime Life in 2001.
• UnumProvident - Canadian operations purchased by RBC Insurance in 2004.
• State Farm was purchased by Desjardins Financial Security Life Assurance Company in 2014.
• Westbury Canadian Life - Purchased by RBC Insurance in 2004.
• Zurich Life Insurance of Canada - Canadian group life & health business purchased by Manulife Financial in 2001.
• Union of Canada Life Insurance, founded in 1863 - Liquidated in 2012.

The insurance business in Canada is controlled by provincial agencies.

References

1. http://www.fic.gov.bc.ca/web_listings/authorizedinsurancecompanies.aspx