Great-West Lifeco

Power Corporation Announces Final Results of Substantial Issuer Bid

Retrieved on: 
星期三, 四月 17, 2019
Companies of Canada, Companies, Economy of Canada, Toronto Stock Exchange, S&P/TSX 60 Index, Power Corporation of Canada, The Great-West Life Assurance Company, Power Financial, Great-West Lifeco, GWO, Issuer

Great-West Lifeco Inc. ("Great-West") (TSX: GWO), a subsidiary of Power Financial Corporation ("Power Financial" or "PFC") (TSX: PWF), itself a subsidiary of Power Corporation, announced today that, under Great-West's substantial issuer bid, it will take up and purchase for cancellation 59,700,974 of its common shares at a purchase price of $33.50 per common share.

Key Points: 
  • Great-West Lifeco Inc. ("Great-West") (TSX: GWO), a subsidiary of Power Financial Corporation ("Power Financial" or "PFC") (TSX: PWF), itself a subsidiary of Power Corporation, announced today that, under Great-West's substantial issuer bid, it will take up and purchase for cancellation 59,700,974 of its common shares at a purchase price of $33.50 per common share.
  • The Corporation supported Power Financial through its participation in the Power Financial substantial issuer bid (the "PFC Offer") by tendering a significant portion of its PFC Shares on a proportionate basis and all remaining tendered PFC Shares on a non-proportionate basis.
  • The Corporation will fund its Offer using the proceeds from the Corporation's participation in the PFC Offer.
  • Power Corporation announced today the final results of its substantial issuer bid.

Introducing the new Canada Life: one brand for three iconic Canadian companies

Retrieved on: 
星期三, 四月 3, 2019
Great-West Lifeco, Chicago and North Western Transportation Company, Winnipeg, Companies of Canada, Companies, Rail transportation in the United States, Officers of the Order of Canada

WINNIPEG, April 3, 2019 /CNW/ -Three iconic Canadian brands are coming together under one brand Canada Life to better serve their more than13 millioncustomer relationshipsacross Canadaand to position the companies for even stronger growth.

Key Points: 
  • WINNIPEG, April 3, 2019 /CNW/ -Three iconic Canadian brands are coming together under one brand Canada Life to better serve their more than13 millioncustomer relationshipsacross Canadaand to position the companies for even stronger growth.
  • "Today marks the beginningofa new and exciting chapter for our companies in Canada," said Paul Mahon, President and Chief Executive Officer.
  • "The new Canada Life is positioned well for continued growth and success," said Jeff Macoun, President and Chief Operating Officer, Canada.
  • 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.

Empower Retirement Leader Edmund F. Murphy III Expands Role as President and CEO of Great-West Life & Annuity

Retrieved on: 
星期四, 二月 7, 2019
Small business, Professional services, Banking, Consulting, Finance, Insurance, Other Professional Services, Annuities, Finance, Great-West Lifeco, Companies of Canada, Actuarial science, The Great-West Life Assurance Company, Money, Putnam Investments, GWL, Life annuity, London Life Insurance Company

Edmund F. Murphy III has been appointed President and CEO of Great-West Life & Annuity Insurance Company (GWL&A), the US subsidiary of Great-West Lifeco Inc. and the parent of Empower Retirement, the nations second largest retirement service provider1.

Key Points: 
  • Edmund F. Murphy III has been appointed President and CEO of Great-West Life & Annuity Insurance Company (GWL&A), the US subsidiary of Great-West Lifeco Inc. and the parent of Empower Retirement, the nations second largest retirement service provider1.
  • Reynolds will maintain his role as president and CEO of Boston-based Putnam Investments, also a subsidiary of Great-West Lifeco US.
  • As president and CEO, Murphy will assume leadership of all of GWL&A, which has $544 billion in assets for approximately 9.2 million customers (as of 12/31/18), and includes Empower Retirement, Great-West Investments and the companys individual life insurance and annuity businesses.
  • Murphy will remain president of Empower Retirement and will report directly to Great-West Lifeco President and CEO Paul Mahon.

AM Best Comments on Credit Ratings of Protective Life Corporation and Its Subsidiaries Following Announced Reinsurance Agreement

Retrieved on: 
星期四, 一月 24, 2019
Professional services, Insurance, Economy, Finance, Money, Insurance, Insurance industry, Reinsurance, Great-West Lifeco

AM Best has commented that the Credit Ratings of Protective Life Corporation (Protective) (headquartered in Birmingham, AL) and its insurance subsidiaries remain unchanged following the announcement that it has entered into a reinsurance agreement to acquire approximately $20.0 billion of life and annuity liabilities of insurance subsidiaries of Great-West Lifeco, Inc. (Great-West).

Key Points: 
  • AM Best has commented that the Credit Ratings of Protective Life Corporation (Protective) (headquartered in Birmingham, AL) and its insurance subsidiaries remain unchanged following the announcement that it has entered into a reinsurance agreement to acquire approximately $20.0 billion of life and annuity liabilities of insurance subsidiaries of Great-West Lifeco, Inc. (Great-West).
  • While the impact to Protectives balance sheet is material given the size of the acquired blocks, AM Best notes that risk-adjusted capitalization will remain supportive of Protectives current ratings.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

Protective Life Enters Agreement with Great-West to Reinsure Individual Life Insurance and Annuity Business

Retrieved on: 
星期四, 一月 24, 2019
Professional services, Insurance, Finance, Insurance, Economy, Annuities, Actuarial science, Dai-ichi Life, Protective Life, Great-West Lifeco, The Great-West Life Assurance Company, Life insurance, Life annuity, Genworth Financial

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750, Dai-ichi), announced that it has reached an agreement under which its subsidiaries, Protective Life Insurance Company (Protective Life), and Protective Life & Annuity Insurance Company, will acquire via reinsurance substantially all of Great-West Life & Annuity Insurance Companys (GWL&A) individual life insurance and annuity business.

Key Points: 
  • Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750, Dai-ichi), announced that it has reached an agreement under which its subsidiaries, Protective Life Insurance Company (Protective Life), and Protective Life & Annuity Insurance Company, will acquire via reinsurance substantially all of Great-West Life & Annuity Insurance Companys (GWL&A) individual life insurance and annuity business.
  • The business to be transferred, which has been marketed under the Great-West Financial brand, includes bank-owned and corporate-owned life insurance, single premium life insurance, individual annuities, and a portion of Great-Wests closed block life insurance and annuities.
  • The transaction includes business written by GWL&A, Great-West Life &Annuity Insurance Company of New York and the U.S. branches of GWL&As affiliates, The Canada Life Assurance Company and The Great-West Life Assurance Company.
  • The company traces its roots to the corporations flagship company, Protective Life Insurance Company founded in 1907.

London Life and Mackenzie Investments extend partnership by announcing a new innovative goals-based investing program and mutual fund family

Retrieved on: 
星期四, 十二月 13, 2018
Mackenzie Investments, Great-West Lifeco, Economy of Canada, Finance

LONDON, ON, Dec. 13, 2018 /CNW/ -In partnership with Mackenzie Investments, London Life is pleased to announce the launch of the London Life Constellation Managed Portfolios, an innovative goals-based managed asset program for Freedom 55 Financial advisors* and their clients.

Key Points: 
  • LONDON, ON, Dec. 13, 2018 /CNW/ -In partnership with Mackenzie Investments, London Life is pleased to announce the launch of the London Life Constellation Managed Portfolios, an innovative goals-based managed asset program for Freedom 55 Financial advisors* and their clients.
  • Through a new and customer-focused digital tool, advisors will be able to:
    "We are excited to launch this unique and innovative program that will provide a personalized approach to investing," said Sam Sivarajan, Senior Vice-President, Wealth Solutions, Great-West Life, London Life and Canada Life.
  • In addition to the new London Life Constellation Managed Portfolios, London Life and Mackenzie Investments also announced the launch of a new mutual fund family the London Life Pathways Funds which are offered exclusively through Quadrus Investment Services Ltd.
  • "Mackenzie Investments has enjoyed a strong and multi-faceted partnership with London Life for over 25 years," said Barry McInerney, President and CEO, Mackenzie Investments.

Great-West Life, London Life and Canada Life announce the appointment of two senior executives

Retrieved on: 
星期四, 十一月 29, 2018
The Great-West Life Assurance Company, Great-West Lifeco, Economy of Canada, Financial services

WINNIPEG, Nov. 29, 2018 /CNW/ - Great-West Life, London Life and Canada Life announced today the appointment of Brad Fedorchuk as Executive Vice-President, Group Customer and Paul Orlander as Executive Vice-President, Individual Customer.

Key Points: 
  • WINNIPEG, Nov. 29, 2018 /CNW/ - Great-West Life, London Life and Canada Life announced today the appointment of Brad Fedorchuk as Executive Vice-President, Group Customer and Paul Orlander as Executive Vice-President, Individual Customer.
  • "I am pleased to announce the appointment of Brad and Paul, and I'm looking forward to working closely with both of them as we deliver on our vision for the future," said Mr. Macoun.
  • 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.
  • Our customers across Canada have trusted us to provide for their financial security needs and deliver on the promises we have made.

Great-West Lifeco Chief Human Resources Officer named one of Canada's Most Powerful Women

Retrieved on: 
星期四, 十一月 22, 2018
Finance, The Great-West Life Assurance Company, Great-West Lifeco, Putnam Investments, Financial services, Economy of Canada, Irish Life Assurance plc, Winnipeg, London Life Insurance Company

WINNIPEG, Nov. 22, 2018 /CNW/ - Great-West Lifeco Inc. today announced that Grace Palombo, Executive Vice-President and Chief Human Resources Officer, Great-West Lifeco, has been named one of Canada's Top 100 Most Powerful Women by the Women's Executive Network (WXN).

Key Points: 
  • WINNIPEG, Nov. 22, 2018 /CNW/ - Great-West Lifeco Inc. today announced that Grace Palombo, Executive Vice-President and Chief Human Resources Officer, Great-West Lifeco, has been named one of Canada's Top 100 Most Powerful Women by the Women's Executive Network (WXN).
  • She specializes in human resources, legal and corporate services.
  • "Grace's exceptional leadership has put in place strategies to ensure we have the right talent to meet our current and future business needs," said Paul Mahon, President and Chief Executive Officer, Great-West Lifeco.
  • Great-West Lifeco has operations in Canada, the United States and Europe through Great-West Life, London Life, Canada Life, Irish Life, Great-West Financial and Putnam Investments.

Great-West Lifeco appoints Paul Finkbeiner as newly-created Executive Vice-President, Global Head of Real Estate

Retrieved on: 
星期四, 十一月 8, 2018
The Great-West Life Assurance Company, Great-West Lifeco, Economy of Canada, Financial services

WINNIPEG, Nov. 8, 2018 Great-West Lifeco Inc. today announced that Paul Finkbeiner, President, GWL Realty Advisors Inc. (GWLRA), has been appointed Executive Vice-President, Global Head of Real Estate for Great-West Lifeco.

Key Points: 
  • WINNIPEG, Nov. 8, 2018 Great-West Lifeco Inc. today announced that Paul Finkbeiner, President, GWL Realty Advisors Inc. (GWLRA), has been appointed Executive Vice-President, Global Head of Real Estate for Great-West Lifeco.
  • In this newly-created role, Mr. Finkbeiner will report to Raman Srivastava, Executive Vice-President and Global Chief Investment Officer, Great-West Lifeco.
  • He will work closely with regional leaders to set a strategic direction and deliver on investment goals across a diverse global real estate investment platform.
  • In addition, he will provide leadership and coordination in building out the global real estate investment business for third-party investors.

Great-West Lifeco appoints Paul Finkbeiner as newly-created Executive Vice-President, Global Head of Real Estate

Retrieved on: 
星期四, 十一月 8, 2018
The Great-West Life Assurance Company, Great-West Lifeco, Economy of Canada, Financial services

WINNIPEG, Nov. 8, 2018 /PRNewswire/ -Great-West Lifeco Inc. today announced that Paul Finkbeiner, President, GWL Realty Advisors Inc. (GWLRA), has been appointed Executive Vice-President, Global Head of Real Estate for Great-West Lifeco.

Key Points: 
  • WINNIPEG, Nov. 8, 2018 /PRNewswire/ -Great-West Lifeco Inc. today announced that Paul Finkbeiner, President, GWL Realty Advisors Inc. (GWLRA), has been appointed Executive Vice-President, Global Head of Real Estate for Great-West Lifeco.
  • In this newly-created role, Mr. Finkbeiner will report to Raman Srivastava, Executive Vice-President and Global Chief Investment Officer, Great-West Lifeco.
  • He will work closely with regional leaders to set a strategic direction and deliver on investment goals across a diverse global real estate investment platform.
  • In addition, he will provide leadership and coordination in building out the global real estate investment business for third-party investors.