Assumption Life

Assumption Life
(Fr: Assomption Vie)
Type Private
Industry Financial services
Founded Waltham, Massachusetts (1903)
Headquarters Moncton, New Brunswick
Key people Denis Losier (C.E.O.)
Revenue CA $105.7 million (2007)[1]
Operating income CA $7.2 million (2007)[1]
Net income CA $4.1 Million (2007)[1]
Employees 339[2]
Website www.assomption.ca

Assumption Life (Fr: Assomption Vie) is a financial services company based in Moncton, New Brunswick, Canada. The company is a Canada wide life insurance provider with over 75,000 active policies and also operates a large asset management agency with over one billion dollars of assets under management.[3]

Contents

History

The company was established in 1903 by Acadians 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. 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:

References

  1. ^ a b c "2007 Annual Report". Assumption Life. http://www.assomption.ca/media_uploads/pdf/822.pdf. Retrieved 2008-06-20. 
  2. ^ a b "2008 Corporate Profile". Assumption Life. http://www.assomption.ca/media_uploads/pdf/788.pdf. Retrieved 2008-06-20. 
  3. ^ "Our Company". Assumption Life. http://www.assomption.ca/English/index/dynamic.cfm?id=101. Retrieved 2008-06-20. 

See also

External links