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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 ...
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 ...
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]
Great-West Lifeco (chairman) Canada Life (chairman) Empower Retirement (chairman) Putnam Investments (chairman) IGM Financial (chairman) IG Wealth Management (chairman) Mackenzie (chairman) PanAgora Asset Management; Orr is a Member of the Business Council of Canada. [8] [9]
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Great-West Lifeco (GWO) announced Thursday that it has agreed to establish a long-term strategic partnership with Sagard Holdings. The partnership includes the sale to Sagard of its Colorado-based ...
Paul Desmarais Jr. was born in Sudbury, Ontario. He was raised Roman Catholic. [ 1] He is the eldest son of billionaire Paul Desmarais Sr. and Jacqueline Desmarais. [citation needed] He was educated at Lakefield College School in Lakefield, Ontario and later attended McGill University. Afterwards, he earned a Master of Business Administration ...
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