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Corporate Overview & History |
Industrial-Alliance Pacific
Life Insurance Company, formerly known as North West Life,
began as a mutual company in 1951. It later demutualized, and in
1967 became a federally registered company. In 1982 the company
was acquired by Industrial Life. Following the merger of Industrial
Life and Alliance Life in 1987, North West Life became a part of
the Industrial Alliance Group of Companies.
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In June 1999 North West Life assumed the business of Seaboard
Life, whose own roots go back to 1912 in Saskatchewan. The new combined
organization is a life insurance company with assets of more than $2 billion,
and the only full service life insurer in Canada with its head office
west of Winnipeg.
This new entity changed its name on 1 September 2000, and
now operates as Industrial-Alliance Pacific Life Insurance Company
("Industrial Alliance Pacific").
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Industrial Alliance Pacific - The Facts |
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Head Office in Vancouver, B.C. |
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More than $3 billion in assets under management.
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Part of Canada's 5th largest life insurance organization.
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Owned by Industrial Alliance Insurance and Financial
Services Inc., of Quebec City, with total assets under management
for the Industrial Alliance Group in excess of $44 billion.
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