In previous years, retirees were able to invest their capital in ultra-safe investments like GICs and Government of Canada bonds, confident in knowing they'd throw off enough income to fund their retirement.
Great-West, Canada's second-largest life insurer, gives investors more return for the stock price than New York-based American International Group Inc. and Warren Buffett's Omaha, Nebraska-based Berkshire Hathaway Inc. (BRKb.N), Bloomberg data show.
Great-West Lifeco Inc. is looking south of the border and in Europe for new customers. The Winnipeg-based insurer and wealth manager says there are plenty of opportunities to build its business in developed markets such as the U.S.
Great-West Lifeco Inc. will acquire Irish Life Group for $1.75 billion through an agreement with the Government of Ireland, which acquired the company last summer after its former parent failed to pass financial stress tests.
WINNIPEG, March 9, 2016 /CNW/ - Great-West Lifeco Inc. today announced that its Irish subsidiary, Irish Life Group Limited, has reached agreements to acquire Aviva Health, an Irish health insurance company, and to increase its 49 per cent interest in ...