Assumption Life
 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded |  Fitchburg, Massachusetts (1903) |
| Headquarters | |
Key people | Dennis Losier (C.E.O.) |
| Revenue |  CA $105.7 million (2007)[1] |
| CA $7.2 million (2007)[1] | |
| CA $4.1 Million (2007)[1] | |
Number of 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 1 billion dollars of assets under management.[3]
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 by the clergy. In 1972 Assumption Life moved into thier new head office in Moncton, Assumption Place, which is by far the tallest building in the city.
Subsidaries
Assumption Life has majority control over the following companys:
- Louisbourg Investments Inc., an investment portfolio management firm with over 1.4 billion dollars of assets under management.[2]
- Assumption Place Ltd., A real estate holding company which owns the companys head office in Moncton (Assumption Place) along with other properties in Moncton and Edmundston, New Brunswick
- Atlantic Holdings (1987) Ltd.
References
- ^ a b c "2007 Annual Report" (PDF). Assumption Life. Retrieved 2008-06-20.
- ^ a b "2008 Corporate Profile" (PDF). Assumption Life. Retrieved 2008-06-20.
- ^ "Our Company". Assumption Life. Retrieved 2008-06-20.