Canada Life is a wholly-owned subsidiary of Great-West Lifeco (TSX: GWO), which is itself controlled by Power Corporation of Canada — a Desmarais family-stewarded conglomerate. The ownership structure shapes the institution's long planning horizons, low senior leadership turnover, and conservative pace.
The 2020 unification of Great-West Life, London Life, and Canada Life into a single Canada Life brand was the most significant Canadian insurance rebrand of the last decade. Long-tenured employees may still refer to themselves by the historical brands, and integration of legacy systems is ongoing.
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