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BARBADOS, June 1, 2021 /CNW/ - Canada Life Reinsurance is pleased to announce that it has recently entered into a long-term coinsurance agreement with Dai-ichi Life (The Dai-ichi Life Insurance Company, Limited), covering JPY ¥125 billion (CDN$1.4 billion) of in-force liabilities on a portfolio of whole of life insurance policies.
Under the agreement, Canada Life Reinsurance will cover all future death and surrender claims in respect of the reinsured business.
Gareth Dobson, who leads the Barbados Branch of Canada Life, said: I am delighted to announce this significant reinsurance transaction which is not only our first with Dai-ichi Life but also our first in the Japanese market. As Canada Life Reinsurance continues to expand our business beyond Europe and the U.S. this transaction demonstrates our ability to deliver reinsurance solutions to new clients in new markets. I am pleased that the Canada Life Reinsurance team has worked so
The history of what was once Toronto s grandest mansion
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The Cawthra Family immigrated from Geysley, Yorkshire, England and arrived in Upper Canada (Ontario) in 1803. They lived in a brick house on the northwest corner of King and Caroline (Sherbourne) Streets.
The following year, head of the family Joseph Cawthra was granted land in Port Credit, but remained there only until 1806, when he relocated to York (Toronto), the provincial capital.
He had once hoped to be a doctor, and because of his interest in medicine, he established an apothecary that he expanded into a general store. It is thought to be the first store of its type established in Toronto.
This annual report details the company s efforts to improve the well-being of Canadians. For 2020, it focused on how during the pandemic, the 170-year-old insurance and wealth provider followed through on its promises and directed additional support where it was needed most.
Canada Life 2020 public accountability statement. At Canada Life, we recognized that we had to play a part in continuing to support our communities needs during COVID-19 and beyond, said Paul Mahon, President and Chief Executive Officer, Canada Life. That s why we focused on tangible support to quickly reach those most in need – like funding for supplies and personal protective equipment for frontline healthcare workers and boosting our support for food banks across Canada.
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