Proposed amalgamation of Great-West Life, London Life and Canada Life

July 19, 2019

Torys is representing is representing Great-West Life, London Life and Canada Life with a team that includes Blair Keefe and Eli Monas (insurance regulatory), Aaron Emes, Karrin Powys-Lybbe and Stephen Neil (corporate/reorganization).

On July 19, 2019, Great-West Lifeco Inc. announced that the boards of directors of its three Canadian life insurance companies, The Great-West Life Assurance Company (“Great-West Life”), London Life Insurance Company (“London Life”) and The Canada Life Assurance Company (“Canada Life”), and their holding companies, Canada Life Financial Corporation and London Insurance Group Inc., unanimously approved plans to proceed with the amalgamation of these five entities into one company – The Canada Life Assurance Company.

As previously announced on April 3, 2019, Canada Life will become the brand under which the organization will create, deliver and communicate products and services in Canada across all of its lines of business.

The amalgamation is expected to be completed by January 1, 2020, subject to regulatory and policyholder approval.

Further information can be found on Canada Newswire website.

Great-West Life, together with London Life and Canada Life, are leading Canadian insurers focused on improving the financial, physical and mental well-being of Canadians.

Great-West Lifeco Inc. is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance.