Canada Life Reinsurance
U.S. Headquarters
1787 Sentry Parkway West, Suite 420
Blue Bell, PA 19422
PHONE:
215-542-7200
FAX:
215-542-1295
Canadian Headquarters
330 University Avenue
Toronto, Canada M5G 1R8
PHONE:
416-597-1440
FAX:
416-343-8488
WEBSITE:
www.canadalifere.com
CONTACT:
Vera Ljucovic, 416-552-3868
Corporate Overview
Canada Life Reinsurance is a division of The
Canada Life Assurance Company and certain
of its subsidiaries and affiliates. Founded in
1847 as Canada’s first domestic life insurance
company, Canada Life provides insurance
and wealth management products and services in Canada and internationally, primarily
in the United Kingdom, Isle of Man, Ireland,
and Germany.
Canada Life is a subsidiary of The Great-West Life Assurance Company, a company
owned by Great-West Lifeco which has more
than $277 billion US in assets under administration. Great-West Lifeco and its subsidiaries
are members of the Power Financial Corporation group of companies.
At Canada Life Reinsurance, we have the
knowledge and expertise to accommodate
all your life reinsurance needs, including
traditional mortality, structured and annuity
reinsurance. We also offer property and casualty reinsurance through our affiliate London
Reinsurance Group.
Our clients benefit from the financial
strength of our internationally renowned
parent company, Canada Life, a strong team
of experienced reinsurance professionals and
access to a wide range of solutions that can
be customized to provide flexibility. We have
offices in the United States, Canada, Ireland
and Barbados.
If you’re looking for strength, stability and
solutions from your reinsurance provider, contact us! We look forward to serving you.
term, whole life, Universal Life, VUL, EIUL,
supplementary benefits, and riders, on a
single and joint life basis. Products may be
fully underwritten or simplified issue from a
variety of distribution systems. Our reinsurance professionals can help you price new
products or enter new markets.
Financial Solutions
Our financial solutions are designed to help
manage the earnings and capital situation of
your business and enable your company to
focus its efforts on core strategies. We offer
reinsurance solutions which help offset the
strain on new products and allow you to grow
without eroding your surplus. Our corporate
structure allows us to construct efficient reinsurance agreements which can improve your
returns on new and in force business. We
also have a series of products which can help
manage the volatility of claims and earnings
for most products.
Facultative Underwriting and
Research
Our dedicated team of facultative under-
writers has extensive experience in the
underwriting of complex life insurance risks,
particularly in the evaluation of impaired,
older age and financial risks. These skills
allow us to provide solutions to your com-
plex needs and to provide quality and timely
decisions on your facultative business. Our
Underwriting Research team undertakes re-
search and development activities that keep
you up to date on emerging medical and in-
dustry trends that affect the underwriting of
life insurance. We offer a web-based online
underwriting manual, CLEAR, which is con-
tinually updated for advancements in medical
and insurance research.
SPECIAL SECTION
Ratings and Financial Strength
Canada Life Reinsurance benefits from the
financial strength and stability of our parent,
The Great-West Life Assurance Company.
Great-West and its subsidiaries have more
than $133 billion US in assets under ad-
ministration. Financial strength ratings of
Great-West at December 31, 2008 are as
follows:
AMBest ......................... A+
Moody’s......................... Aa3
Standard & Poor’s .................. AA
Fitch Ratings .....................AA+
Solutions and Services
Through the combined reinsurance operations, we offer an extensive range of products
and solutions tailored to meet the needs of
our clients.
Traditional Life Solutions
We offer YRT, Coinsurance and Modified
Coinsurance, reinsurance arrangements
on an automatic, facultative, or facultative
obligatory basis. Products covered include
Annuity Reinsurance
We are committed to developing long-term
partnerships with annuity insurers. Our team
of experts can analyze and price the risk of
the most complex products in the market.
We offer quota share reinsurance or we can
reinsure only the risks that your company
chooses to cede. We can also provide investment management services as part of the
reinsurance transaction. We have expertise In
the reinsurance of single premium deferred
annuities (fixed), deferred variable annuities
(fixed & variable), structured settlements,
equity indexed annuities, and variable annuity riders (GMWB, GMIB, GMDB). As your
reinsurance partner, we can share the risk
on new product ventures, offer pricing and
valuation services, reduce surplus strain and
risk-based capital requirements, and finance
initial expense costs.
