Canada Life expanding into Europe
Article Abstract:
Canada Life Assurance Co of Toronto, Ontario, is expanding its European operations and expects to secure regulatory approval for its Irish-based reinsurance operation by the end of 1999. Canada Life Assurance (Ireland) Ltd will allow the company to sell some of its products such as annuities to other European Union member states, including Germany. By basing the operation in Ireland, the company will be able to enjoy low Irish corporate taxes.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Special charges cut insurers' results
Article Abstract:
Canada Life Assurance Co and Mutual Life Assurance Company of Canada registered lower profit in 1998 due to non-recurring charges. Canada Life posted C$88 million in profit for 1998 afte charges of C$182 million, even as revenue rose to C$6.2 billion from C$5.4 billion in 1997. Mutual Life, on the other hand, reported profit of C$111 million after charges of C$121 million.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Insurer asks for amended demutualization plan. Mutual Life IPO to proceed despite market volatility. Mutual Life launches demutualization meetings
- Abstracts: Manulife launches Japanese deal. Manulife set to announce deal with Japanese insurer
- Abstracts: New Citigroup gets off to shaky start. Nationwide's bias damages $100M in Va. Maryland lawsuits take auto insurers to mat
- Abstracts: Toon Town takes over. First Union's ominous ads appeal to 30ish adults
- Abstracts: Microsoft courts buyers for Arthur toy. Ashes to ashes: Stogies' trendiness takes tumble. Pepsi's One for all; soft-drink giant hatches new diet line