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Assumption Life

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Assumption Mutual Life Insurance Company
Trade nameAssumption Life
Native nameAssomption Compagnie Mutuelle d’Assurance-Vie
Company typeMutual company
IndustryInsurance
Founded1903; 122 years ago (1903) in Waltham, Massachusetts
HeadquartersMoncton, New Brunswick
Key peopleSebastien Dupuis (President and CEO)
RevenueIncrease CA $105.7 million (2007)
Operating incomeIncrease CA $7.2 million (2007)
Net incomeIncrease CA $4.1 Million (2007)
Number of employees339
Websiteassomption.ca
Assumption Place, a 20 storey office building in Downtown Moncton is the headquarters of Assumption Life

Assumption Mutual Life Insurance Company, operating as Assumption Life (French: Assomption Vie), is a Canadian life insurance and asset management company based in Moncton, New Brunswick.

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 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.
  • Lavvi, a financial services software-as-a-Service (SaaS) company

See also

References

  1. ^ "2007 Annual Report" (PDF). Assumption Life. Archived from the original (PDF) on 2011-07-06. Retrieved 2008-06-20.
  2. ^ "2008 Corporate Profile" (PDF). Assumption Life. Archived from the original (PDF) on 2011-07-06. Retrieved 2008-06-20.
  3. "Our Company". Assumption Life. Archived from the original on 2006-01-29. Retrieved 2008-06-20.

External links

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