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Securian Canada information


Securian Canada
Company typePrivate
IndustryInsurance
Founded1955
HeadquartersToronto, Ontario, Canada
Key people
Nigel Branker, CEO
ProductsLife, Accident, Creditor, Critical illness, Association & Affinity, Business insurance
Number of employees
300+
ParentSecurian Financial Group
Websitehttps://www.securiancanada.ca/

Securian Canada is the brand name under which Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company operate.[1] These two Canadian insurance companies are headquartered in Toronto, Ontario. These insurance companies provide a range of insurance products and services within the creditor market, consisting of banks and credit unions,[2][3][4] the association and affinity Market,[5] composed of member and student association groups, and retailers, and the Specialty Market,[6] composed of finance companies and other lenders. Products for various markets include creditor mortgage, loan and line of credit, credit card balance protections, group life, disability and critical illness insurance. As of 2024, the company has five offices across Canada with more than 300 employees.

Securian Canada is the Canadian subsidiary of Securian Financial Group, a provider of insurance, investment, and retirement solutions based out of St. Paul, Minnesota, United States. Its roots go back to 1955, when the Canadian Premier Life Insurance Company was incorporated. In 2017, the business and its affiliates[7] were purchased and brought under the Securian Financial umbrella upon Securian Financial's entry into the Canadian market.[8]

Following the reintegration of Valeyo Inc. and the acquisition of Sun Life Assurance Company of Canada's Sponsored Markets business in early 2023, Canadian Premier Life Insurance Company, Canadian Premier General Insurance Company and Valeyo all rebranded to Securian Canada.[9] Since 2023, Securian Canada has served as the official life insurance partner of the Canadian Football League (CFL).[10]

  1. ^ Canadian Premier insurers rebrand as Securian Canada
  2. ^ "Canadian Premier Life Insurance Company acquiring Gerber Life Canadian insurance business".
  3. ^ [ https://www.businesswire.com/news/home/20210908005177/en/Acquisition-Expands-Securian-Financial%E2%80%99s-Canadian-Distribution ]
  4. ^ [ https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/policyme-launches-new-critical-illness-insurance-offering-the-most-covered-conditions-in-canada-for-adults ]
  5. ^ "Securian Canada and CAA partner to offer new life and health & dental insurance solutions". 17 January 2024.
  6. ^ [https://www.businesswire.com/news/home/20230717292274/en/Securian-Canada-Selects-the-FINEOS-Platform-to-Expand-Disability-Management-Offering Securian Canada Selects the FINEOS Platform to Expand Disability Management Offering | Business Wire ]
  7. ^ Securian Completes Acquisition of Canadian Premier Life, CRI Canada from ivari
  8. ^ How will Canada's federal dental plan impact life and health insurance? | Insurance Business Canada (insurancebusinessmag.com)
  9. ^ [ https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/canadian-premier-rebrands-to-securian-canada-following-acquisition-of-sun-lifes-sponsored-markets-business ]
  10. ^ [ https://mediaincanada.com/2023/02/08/securian-signs-multi-year-sponsorship-with-the-cfl/ ]

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