List of insurance companies in Canada

This is a list of Canadian insurance companies.

The top insurance providers in Canada are Manulife, Canada Life (subsidiary of Great-West Lifeco), Sun Life Financial, Desjardins, and IA Financial Group (aka Industrial Alliance).[1][2] Smaller insurers include those operating as subsidiaries of banks, such as CIBC Insurance and TD Insurance.[2]

## Current insurance carriers

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Company  | Established  | Headquarters  | Notes

|
|
|

Algoma Mutual Insurance Company  | 1899  | Thessalon, Ontario  |
Allstate Canada  |  |  | Canadian subsidiary of Allstate
Amherst Island Mutual Insurance Company  | 1894  | Stella, Ontario  |
Assumption Life |  |  |
Assurant Canada  |  |  |
Aviva Canada | 1999  | Markham, Ontario  | Formed in 1999 as the CGU Insurance Company of Canada through the merger of the General Accident Assurance Company of Canada and the Commercial Union Insurance Company of Canada. Renamed the Aviva Insurance Company of Canada in 2003.
Axiom Mutual Insurance Company  | 2021  | Zurich, Ontario  | Created through the merger of Hay Mutual and Town and Country Mutual.
Ayr Farmers' Mutual Insurance Company  | 1893  | Ayr, Ontario  |
Bay of Quinte Mutual Insurance Co.  | 1874  | Picton, Ontario  |
Beneva | 2020  | Quebec City, Quebec  | Created through merger of La Capitale and SSQ Insurance
Bertie and Clinton Mutual Insurance Company  | 1970  | Welland, Ontario  | Formed through the merger of Bertie and Willoughby Mutual and Clinton Mutual.
Blanshard Mutual Insurance Company  | 1876  | St Marys, Ontario  |
Brant Mutual Insurance Company  | 1861  | Brantford, Ontario  |
CAA Insurance Company | 1974  | Markham, Ontario  | Founded in Toronto as the Ontario Motor Insurance Company
Canada Life | 1847  | Winnipeg, Manitoba  | Founded in Toronto. Amalgamed in 2020 with Great-West Life and London Life under the ownership of Great-West Lifeco. Headquartered in Winnipeg at the former Great-West Life offices.
Canada Protection Plan | 1992  | Toronto, Ontario  | Subsidiary of Foresters Financial
Canadian Association of Blue Cross Plans

* Alberta Blue Cross
* Canassurance Hospital Service Association
* Ontario Blue Cross
* Quebec Blue Cross
* Manitoba Blue Cross
* Medavie Blue Cross
* Pacific Blue Cross
* Saskatchewan Blue Cross

|  |  |
Canadian Premier[3] | 1916  | Toronto, Ontario  | Operates under the brand name Securian Canada
Caradoc Townsend Mutual  | 2018  | Waterford, Ontario  | Formed through the merger of Caradoc Delaware Mutual and Townsend Mutual.
Cayuga Mutual Insurance Company  | 1875  | Cayuga, Ontario  |
Combined Insurance Canada  |  |  | Canadian subsidiary of Combined Insuranc
Commonwell Mutual Insurance Group  | 2014  | Lindsay, Ontario  | Formed through the merger of the Farmers’ Mutual Insurance Company (Lindsay), Glengarry Mutual, and Lanark Mutual.
The Co-operators Group | 1945  | Guelph, Ontario  | Founded in Regina as the Co-operative Life Insurance Company.
Desjardins Insurance |  |  |
Dufferin Mutual Insurance Company  | 1895  | Shelbourne, Ontario  |
Economical Insurance | 1871  | Kitchener, Ontario  |
Edge Mutual Insurance Company  | 1887  | Drayton, Ontario  | Changed name from the Peel Maryborough Insurance Company in 2015.
Empire Life | 1923  | Kingston, Ontario  |
Equitable Life Insurance Company of Canada | 1920  | Waterloo, Ontario  |
Erie Mutual Fire Insurance Company  | 1871  | Dunnville, Ontario  |
Fenchurch General Insurance Company  | 1981  | Toronto, Ontario  |
Federated Insurance Company of Canada | 1920  | Winnipeg, Manitoba  |
Foresters Financial | 1874  | Toronto, Ontario  |
Gore Mutual Insurance Company | 1839  | Galt, Ontario  |
Great American Insurance Company |  |  |
Green Shield Canada | 1957  | Windsor, Ontario  |
Grenville Mutual Insurance Company  | 1892  | Kemptville, Ontario  |
HD Mutual Insurance  | 2024  | Sheffield, Ontario  | Formed through the merger of Halwell Mutual and Dumfries Mutual.
Heartland Farm Mutual Inc.  | 2016  | Waterloo, Ontario  | Formed through the merger of North Waterloo Farmers Mutual and Oxford Mutual.
Howick Mutual Insurance Company  | 1873  | Wroxeter, Ontario  |
Humania[4] |  |  |
IA Financial Group | 1987  | Quebec City, Quebec  | Formed through the merger of Alliance Nationale and Industrial Life.
Intact Insurance | 1809  |  | Fire insurance company formed in Canada. Founded as the Nova Scotia Fire Insurance Association in 1809; incorporated as the Halifax Fire Insurance Company in 1819. Renamed the ING Insurance Company of Canada in 2002. Renamed the Intact Insurance Company in 2009.
Ivari  | 1932  | Toronto, Ontario  |
Kent and Essex Mutual Insurance Company  | 1888  | Chatham, Ontario  |
L&A Mutual Insurance Company  | 1877  | Napanee, Ontario  | Originally the Lennox and Addington Mutual Fire Insurance Company.
Lambton Mutual Insurance Company  | 1875  | Watford, Ontario  |
Maple Mutual Insurance Company  | 1910  | Dresden, Ontario  |
Manulife | 1887  | Toronto, Ontario  |
Munich Re Canada |  |  |
North Blenheim Mutual Insurance Company  | 1861  | Bright, Ontario  |
Peel Mutual Insurance Company  | 1876  | Brampton, Ontario  |
The Personal Insurance Company | 1974  | Lévis, Quebec  | Subsidiary of Desjardins
Pilot Insurance Company  | 1927  |  | Founded in Waterloo, Ontario as the Pilot Automobile and Accident Insurance Company. Acquired by the Standard Accident Insurance Company of Detroit in 1930. Now part of the Aviva group.
Primerica Canada  |  |  | Canadian subsidiary of Primerica
Quebec Assurance Company  | 1816  | Toronto, Ontario  | Second insurance company founded in Canada. Renamed the Quebec Assurance Company in 1963. Subsidiary of Intact Financial.
Reliable Life  |  |  |
Salus Mutual Insurance Company  | 2023  | North Aylmer, Ontario  | Formed through the merger of Howard Mutual and West Elgin Mutual.
Serenia Life  | 1972  | Waterloo, Ontario  | Formed through the merger of the Aid Association for Lutherans and the Lutheran Brotherhood. Called the Lutheran Life Insurance Society of Canada originally. Renamed FaithLife Financial in 2005. Assumed current name in 2022.
South Easthope Mutual Insurance Company  | 1871  | Tavistock, Ontario  |
Sovereign General Insurance Company | 1953  | Toronto, Ontario  | Subsidiary of the Co-operators
Sun Life Financial | 1865  | Toronto, Ontario  |
Swiss Re |  |  |
Teachers Life | 1939  |  |
Tradition Mutual Insurance Company  | 2002  | St Marys, Ontario  | Formed through the merger of Blanshard Mutual and Downie Mutual.
Trillium Mutual Insurance Company  | 2004  | Listowel, Ontario  | Formed through the merger of Formosa Mutual and Elma Mutual.
UV Insurance  | 1889  |  | Formerly the Union Life Mutual Assurance Company
Wawanesa Insurance | 1896  | Winnipeg, Manitoba  |
West Wawanosh Mutual Insurance Company  | 1879  | Goderich, Ontario  |
Westminster Mutual Insurance Company  | 1857  | Belmont, Ontario  |
Wilton Re  |  |  |
Yarmouth Mutual Insurance Company  | 1881  | St Thomas, Ontario  |
Zensurance  | 2016  | Toronto, Ontario  |

### Bank-affiliated carriers

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* BMO Life
* CIBC Insurance
* National Bank Insurance
* RBC Insurance
* Scotia Life
* TD Insurance

### Government-owned insurance companies

[edit]

* Insurance Corporation of British Columbia
* Manitoba Public Insurance
* Saskatchewan Government Insurance
* Coachman Insurance Company
* Société de l'assurance automobile du Québec

## Defunct insurance companies

[edit]

Company  | Established  | Dissolved  | Fate

|
|
|

Anglo Canada Fire & General Insurance Company  | 1949  | 2006  | Became AXA General Insurance.
Bertie and Willoughby Mutual  | 1880  | 1970  | Merged with Clinton Mutual to form Bertie and Clinton Mutual
Blanshard Mutual Insurance Company  | 1876  | 2002  | Merged with Downie Mutual to form Tradition Mutual
British America Assurance Company | 1833  | 1976  | Renamed the Royal Insurance Company of Canada in 1976 and the Royal & Sun Alliance Insurance Company of Canada (RSA) in 1996. Acquired by Intact in 2021.
Canada National Fire Insurance Company  | 1909  | 1932  | Liquidated; files taken over by Sun Alliance.
Canadian Fire Insurance Company  | 1895  | 1962  | Merged into the Canadian Indemnity Company
Canadian Indemnity Company  | 1916  | 1989  | Merged into Dominion of Canada General Insurance.
Canadian Pioneer Insurance Company  | 1960  | 1978  | Merged into General Accident Assurance.
Caradoc Delaware Mutual Insurance Company  | 1884  | 2018  | Merged with Townsend Mutual to form Caradoc Townsend Mutual.
Casualty Company of Canada  | 1911  | 1989  | Merged into Dominion of Canada General Insurance.
Central Fire Insurance Company of New Brunswick  | 1836  | 1901  | Wound up in 1901.
Citizens’ Insurance Company of Canada  | 1861  | 1891  | Acquired by Sun Life.
Clinton Mutual Fire Insurance Company  | 1898  | 1970  | Merged with Bertie and Willoughby Mutual to form Bertie and Clinton Mutual
Commercial Union Assurance Company of Canada  |  | 1999  | Merged with the General Accident Insurance Company of Canada to form the CGU Insurance Company of Canada (now Aviva Canada).
Confederation Life Assurance Company | 1871  | 1995  | Acquired by Manulife and Maritime Life after bankruptcy
Continental Life Insurance Company  | 1899  | 1965  | Became Zurich Life Insurance Company of Canada.
Crown Life Assurance Company  | 1900  | 1998  | Canada Life Assurance
Dominion Life Assurance Company | 1889  | 1985  | Manulife
Dominion of Canada General Insurance Company | 1887  | 2013  | The Travelers Companies
Downie Mutual Insurance Company  | 1884  | 2002  | Merged with Blanshard Mutual to form Tradition Mutual
Dumfries Mutual Fire Insurance Company  | 1856  | 2024  | Merged with Halwell Mutual to form HD Mutual.
Dunwich Farmers' Mutual Fire Insurance Company  | 1880  | 1979  | Merged with Southwold Farmers Mutual Fire Insurance to form West Elgin Mutual.
East Williams Mutual Insurance Company  | 1875  | 2001  | Merged with Ekfrid Mutual and Lobo Mutual to form Town and Country Mutual.
Eaton Life Insurance  | 1920  | 1986  | Originally the T. Eaton Life Assurance Company. Acquired in 1986 by Laurentian Life as part of the purchase of Eaton Financial.
Ekfrid Mutual Insurance Company  | 1891  | 2001  | Merged with Lobo Mutual and East Williams Mutual to form Town and Country Mutual.
Elma Mutual Insurance Company  | 1884  | 2004  | Merged with Formosa Mutual to form Trillium Mutual.
Eramosa Mutual Fire Insurance Company  | 1861  | 1968  | Merged with Halton Mutual and Puslinch Mutual to form Halwell Mutual.
Excelsior Life Insurance Company  | 1889  | 1999  | Purchased in 1960 by Aetna; changed name to Aetna Life Insurance Company of Canada in 1989. Acquired by Maritime Life in 1999.
Family Life Assurance Company  | 1963  |  | Merged into Sovereign Life.
Farmers' Mutual Insurance Company (Lindsay)  | 1895  | 2014  | Merged with Glengarry Mutual and Lanark Mutual to form Commonwell Mutual.
Federal Life Assurance Company  | 1882  | 1915  | Acquired by Sun Life.
Formosa Mutual Insurance Company  | 1880  | 2004  | Merged with Elma Mutual to form Trillium Mutual.
General Accident Insurance Company of Canada  | 1906  | 1999  | Merged with the Commercial Union Insurance Company of Canada to form the CGU Insurance Company of Canada (now Aviva Canada).
Glengarry Mutual Insurance Company  | 1895  | 2014  | Merged with Farmers’ Mutual Insurance Company (Lindsay) and Lanark Mutual Insurance Company to form Commonwell Mutual.
Great-West Life Assurance Company | 1891  | 2020  | Merged with Canada Life and London Life using the Canada Life name, under the ownership of Great-West Lifeco.
Grey & Bruce Mutual Insurance Company  | 1878  | 2014  | Merged into Howick Mutual.
Guarantee Company of North America  | 1872  | 2019  | Formed as the Canada Guarantee Company. Name changed in 1880. Acquired by Intact Financial.
Halton Mutual Fire Insurance Company  | 1890  | 1968  | Merged with the Puslinch Mutual and Eramosa Mutual to form Halwall Mutual.
Halwell Mutual Insurance Company  | 1968  | 2024  | Formed through the merger of the Puslinch Mutual, Eramosa Mutual, and the Halton Mutual. Merged with Dumfries Mutual to form HD Mutual.
Hartford Steam Boiler Inspection and Insurance Company |  |  | Munich Re
Hay Mutual Insurance Company  | 1875  | 2021  | Merged with Town and Country Mutual to form Axiom Mutual.
Home District Mutual Fire Insurance Company  | 1837  |  |
Howard Mutual Insurance Company  | 1892  | 2023  | Merged with West Elgin Mutual to form Salus Mutual.
Imperial Life Assurance Company | 1896  | 2001  | Acquired by Desjardins in 1994, merged operations in 2001.
Kings Mutual Insurance Company  | 1904  | 2021  | Acquired by Heartland Farm Mutual.
La Capitale |  |  | Merged with SSQ Insurance to form Beneva
Lanark Mutual Insurance Company  | 1896  | 2014  | Merged with Farmers’ Mutual Insurance Company (Lindsay) and Glengarry Mutual Insurance Company to form the Commonwell Mutual.
Laurentian Life (La Laurentienne)  | 1938  | 1993  | Became a mutual in 1958, demutualised in 1988, merged with Desjardins Life in 1993 to become Desjardins-Laurentian Life Assurance. Merged in 2001 with Imperial life to become Desjardins Financial Security.
Laurier Life Insurance Company  | 1966  | 1998  | Merged into Imperial Life
Liberty Health  |  | 2003  | Maritime Life
Life Insurance Company of Alberta  | 1948  | 1979  | Acquired by Toronto Mutual Life Insurance.
Lobo Mutual Insurance Company  | 1882  | 2001  | Merged with Ekfrid Mutual and East Williams Mutual to form Town and Country Mutual.
London-Canada Insurance Company  | 1859  | 1987  | Formed as the Agricultural Mutual Fire Insurance Company. Changed name to London Mutual Fire Insurance Company of Canada in 1878. Changed name to London-Canada Insurance in 1925. Merged with the Great Eastern Insurance Company to form the Hartford Insurance Company of Canada.
London Life Insurance Company | 1874  | 2020  | Merged with Canada Life and Great-West Life using the Canada Life name, under the ownership of Great-West Lifeco.
Maritime Life Assurance Company | 1922  | 2004  | Manulife
Mercantile Fire Insurance  | 1875  | 1896  | Acquired by London and Lancashire Insurance
Merchants Casualty Insurance Company  | 1913  | 1936  | Founded in Winnipeg as the Merchants Casualty Company. Moved to Waterloo in 1923. Assets acquired by the Merchants Casualty Insurance Company in 1924. Acquired by Economical Insurance in 1936.
Merchants Fire Insurance Company  | 1898  | 1958  | Acquired by London and Lancashire.
Monarch Life Assurance Company  | 1904  | 1983  | Acquired by North American Life.
Montreal Fire Insurance Company  | 1818  | 1820  | Third insurance company founded in Canada. Failed in 1820.
Montreal Life Insurance Company  | 1908  | 1986  | Founded as the Travellers Life Assurance Company of Canada; name changed in 1924. Merged into Empire Life.
Mutual Life Assurance Company | 1868  | 2002  | Renamed Clarica Life in 2000. Acquired by Sun Life in 2002.
National Life Assurance Company of Canada  | 1897  | 2005  | Merged into Industrial Alliance Insurance
North American Life Assurance Company | 1881  | 1995  | Manulife
North Waterloo Farmers Mutual  | 1874  | 2016  | Merged with Oxford Mutual to form Heartland Farm Mutual
North West Life Assurance Company of Canada  | 1966  | 2000  | Became the Industrial-Alliance Pacific Life Insurance Company.
Northern Life Assurance Company of Canada  | 1894  | 1986  | Acquired by the Inland Financial Company. Individual operations integrated into Sovereign Life, group operations sold to Constellation Assurance.
Ontario Blue Cross |  | 1995  | Liberty Health
Oxford Mutual Insurance Company  | 1878  | 2016  | Merged with North Waterloo Farmers Mutual to form Heartland Farm Mutual
Pictou County Farmers Mutual Fire Insurance Company  | 1904  | 2016  | Merged into Kings Mutual
Puslinch Mutual Fire Insurance Company  | 1859  | 1968  | Merged with Eramosa Mutual and Halton Mutual to form Halwell Mutual.
Queen City Fire Insurance Company  | 1871  | 1960  | Liquidated?
Southwold Farmers Mutual Fire Insurance Company  | 1878  | 1979  | Merged with Dunwich Mutual to form West Elgin Mutual.
SSQ Insurance |  |  | Merged with La Capitale to create Beneva
State Farm |  | 2014  | Desjardins Financial Security
Toronto Mutual Life Insurance Company  | 1934  | 2002  | Founded as the Ancient Foresters’ Mutual Life Insurance Company. Changed name in 1939. Merged with Western Life to form Unity Life of Canada (now Foresters Life).
Town and Country Mutual Insurance Company  | 2001  | 2021  | Formed through the merger of Lobo Mutual, Ekfrid Mutual and East Williams Mutual. Merged with Hay Mutual to form Axiom Mutual.
Townsend Mutual Insurance Company  | 1879  | 2018  | Merged with Caradoc Delaware Mutual to form Caradoc Townsend Mutual.
United Investment Life Assurance Company  |  |  | Merged into Sovereign Life.
UnumProvident |  | 2004  | RBC Insurance
Waterloo Mutual Insurance Company  | 1863  | 1980  | Acquired by Economical Insurance
Wellington Insurance Company  | 1840  | 2002  | Merged into the ING Insurance Company of Canada.
West Elgin Mutual Insurance Company  | 1880  | 2023  | Formed through the merger of Dunwich Mutual and Southwold Farmers Mutual. Merged with Howard Mutual to form Salus Mutual.
Westbury Canadian Life  |  | 2004  | RBC Insurance
Western Assurance Company | 1851  | 2025  | Merged into Intact Insurance.
Western Life Assurance Company[5] |  | 2002  | Merged with Toronto Mutual Life to form Unity Life of Canada (now Foresters Life).
Western Union Insurance Company  | 1940  | 2003  | Merged into the ING Insurance Company of Canada.
Westmount Life Insurance Company  | 1962  |  | Merged into Sovereign Life.
Zurich Life Insurance of Canada  |  | 2001  | Manulife and Square One[6]

## See also

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* List of banks and credit unions in Canada
* List of trust and loan companies in Canada

## References

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1. ^ "The 5 Big Names in Canadian Insurance". Investopedia. Retrieved 2021-10-04.
2. ^ a b "The Biggest Life Insurance Companies in Canada 2021 - Full List". www.policyadvisor.com. Retrieved 2021-10-04.
3. ^ "About Us". Canadian Premier. Retrieved 2021-10-04.
4. ^ "Humania Assurance, a leader in health insurance products". www.humania.ca. Retrieved 2021-10-04.
5. ^ "Amalgamation of Wawanesa Life and Western Life positions company for growth". Wawanesa Insurance. 7 November 2019. Retrieved 2021-10-04.
6. ^ "Square One partners with Zurich Canada to offer personal auto insurance". www.insurancebusinessmag.com. Retrieved 2025-05-08.