Assumption Life

Assumption Mutual Life Insurance Company
Assumption Life
Native name
Assomption Compagnie Mutuelle d’Assurance-Vie
Company typeMutual company
IndustryInsurance
Founded1903; 121 years ago (1903) in Waltham, Massachusetts
Headquarters
Moncton, New Brunswick
Key people
Sebastien Dupuis (President and CEO)
RevenueIncrease CA $105.7 million (2007)[1]
Increase CA $7.2 million (2007)[1]
Increase CA $4.1 Million (2007)[1]
Number of employees
339[2]
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.[3]

History

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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

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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.[2]
  • 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

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References

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  1. ^ a b c "2007 Annual Report" (PDF). Assumption Life. Archived from the original (PDF) on 2011-07-06. Retrieved 2008-06-20.
  2. ^ a b "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.
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