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Great-West Lifeco. Great-West Lifeco Inc. is a Canadian insurance-centered financial holding company that operates in North America (Canada and United States), Europe and Asia through five wholly owned, regionally focused subsidiaries. Many of the companies it has indirect control over are part of its largest subsidiary, The Canada Life ...
Empower was created in 1891, when parent company Great-West Lifeco was founded as an insurance provider on the Canadian prairie. [1] After serving more than a century of expansion and a profound evolution of service offerings, the modern iteration of Empower was launched in 2014, when the retirement businesses of Great-West Life combined the record-keeping services of Great-West Financial ...
In 1955, Great Western Corp. was formed as a publicly owned holding company for Great Western Savings and Loan Association and its subsidiaries through the issuance of stock [8] and later changed its name to Great Western Financial Corp. the following year. [9] [10] The stock began listing on the American Stock Exchange in 1957. [11]
In 2003, Great-West Lifeco acquired Canada Life Financial, which later emerged, along with Great-West Life Assurance Company, for US$4.7 billion. [20] Great-West Life sold its health insurance US division to Cigna for US$1.5 billion in a deal announced on November 26, 2007. Great-West was seeking to expand into the western United States. [21]
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One such company was WaMu. In March, Great Western Financial announced that it had accepted WaMu's merger proposal for $6.6 billion in WaMu stock. [127] [128] [129] Ahmanson quickly increased their bids [130] but the bids were also rejected. [131] Great Western approved the merger with WaMu in June [132] and the merger was completed in July.
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Putnam Investments is an investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston. Headquartered in Boston, Massachusetts, it has offices in London, Tokyo, Frankfurt, Sydney, and Singapore. [2] Putnam is currently a subsidiary of Franklin Templeton ...