Industrial Alliance Pacific Insurance and Financial Services Inc., formerly known as North West Life, began as a mutual company in 1951. It later demutualized, and in 1967 became a federally registered company. In 1982 the company was acquired by Industrial Life. Following the merger of Industrial Life and Alliance Life in 1987, North West Life became a part of the Industrial Alliance Group of Companies.
In June 1999 North West Life assumed the business of Seaboard Life, whose own roots go back to 1912 in Saskatchewan. The new combined organization is a life insurance company with assets of more than $2 billion, and the only full service life insurer in Canada with its head office west of Winnipeg.
This new entity changed its name on 1 September 2000, and now operates as Industrial Alliance Pacific Insurance and Financial Services Inc. (“Industrial Alliance Pacific”).
Industrial Alliance Pacific – The Facts
Head Office in Vancouver, B.C.
More than $3 billion in assets under management.
Part of Canada’s 4th largest life insurance organization.
Owned by Industrial Alliance Insurance and Financial Services Inc., of Quebec City, with total assets under management for the Industrial Alliance group in excess of $66 billion.
A worldwide leader
Chartis is a world leading property-casualty and general insurance organization serving more than 70 million clients around the world. With one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence. Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc.
What we provide
At Chartis, we take on our clients’ challenges and goals. Whether the need is as fundamental as insuring a first home or as complex as providing environmental coverage, our priority is providing clients with the confidence they need to prosper. Behind every policy we write is our commitment to deliver what matters most to them. Among our unique strengths are:
- Financial resources that allowed us to pay an average of $71M in claims worldwide every business day in 2008.
- World-class talent with the know-how to assess vulnerability and underwrite the most complex risks – delivered through a local presence that enables us to respond rapidly when unforeseen events occur.
- Ongoing development of new and industry-leading products and services, along with the ability to develop tailor-made solutions when existing offerings do not meet client needs.
- An unwavering commitment to customer service excellence and to supporting our clients.
With deep resources and commitment, we enable our clients to pursue their goals with confidence.
The Chartis brand affirms the importance of our roots as one of the world’s leading insurance organizations. Our name and identity convey our continued commitment to earning trust through innovation. We remain focused on developing new products and managing risk and scale, based on insights derived from an expanded geographic reach that meets client needs in virtually every region of the world. Chartis is taking measured steps to ensure a strong, independent future. At their core, the changes we are making represent a renewal and reinforcement of our commitment to the industry and dedication to customer service.