185:
Macdonald retired in 1920 and was succeeded by
Charles Strange Macdonald from 1921 to 1946 and then John Kenneth Macdonald from 1946 to 1969. John Kenneth MacDonald's daughters, Peggy Latimer and Ann Macintosh, never were operationally involved in the firm, but they did inherit ownership from their
326:
197:
Confederation Life was forced into liquidation in 1994, with the process beginning on August 11. The international operations of the company made the liquidation process somewhat complex.
419:
221:
It was the third liquidation of an insurance company in Canada in consecutive years, following Les Coopérants in 1992 and
Sovereign Life in 1993. and was followed in 2012 by
376:
330:
200:
The company had financial obligations to 260,000 individual policyholders in Canada and to another 1.5 million members of a group insurance plan through the company.
166:
The company was founded in 1871 by John Kay
Macdonald (1837–1928) in Toronto, then established operations in the UK in 1906 (with a head office at
214:
The various blocks of business of the company were taken over by various
Canadian and American insurance companies. The liquidator was
189:
In 1969, J. Craig
Davidson became president and for the first time, the firm was no longer led by a member of the Macdonald family.
380:
268:
158:. The company had operations in Canada, the United States, the United Kingdom, and Bermuda, and an inactive office in Cuba.
352:
211:, was able to guarantee the assets of all policyholders, and the process cost the compensation fund only CA$ 5 million.
234:
155:
254:
222:
292:
147:
255:"Biography – MACDONALD, JOHN KAY – Volume XV (1921-1930) – Dictionary of Canadian Biography"
28:
413:
314:
303:
175:
171:
272:
167:
143:
38:
204:
208:
179:
151:
95:
293:
http://www.actuaries.org/IACA/Colloquia/CapeTown/Vol_1/Rod_McQueen.pdf
140:
101:
404:
215:
353:"What Happens If My Life Insurance Company Becomes Insolvent"
16:
Canadian insurance company and financial services provider
269:"Fred Carter's Personal Web Page - Confederation Life"
405:
Confederation Life
Insurance Company, In Liquidation
122:
108:
90:
82:
67:
59:
44:
34:
24:
315:http://data2.archives.ca/pdf/pdf001/p000000682.pdf
304:http://data2.archives.ca/pdf/pdf001/p000000682.pdf
150:provider. Its global head office was located in
420:Defunct financial services companies of Canada
218:. As of 2010, the process was still ongoing.
8:
19:
18:
246:
7:
133:Confederation Life Insurance Company
20:Confederation Life Insurance Company
14:
203:During the liquidation process,
1:
377:"Assuris - Past Insolvencies"
327:"Assuris - Past Insolvencies"
235:Confederation Life Building
436:
116:Charles Strange MacDonald
118:John Kenneth MacDonald
174:) and later into the
351:admin (2018-08-23).
223:Union of Canada Life
357:Protect Your Wealth
154:in what is now the
114:John Kay MacDonald
21:
148:financial services
137:Confederation Life
63:John Kay MacDonald
207:, by then called
130:
129:
427:
392:
391:
389:
388:
379:. Archived from
373:
367:
366:
364:
363:
348:
342:
341:
339:
338:
329:. Archived from
323:
317:
312:
306:
301:
295:
290:
284:
283:
281:
280:
271:. Archived from
265:
259:
258:
251:
178:with offices in
135:, also known as
126:MacDonald Family
78:
76:
55:
53:
22:
435:
434:
430:
429:
428:
426:
425:
424:
410:
409:
401:
396:
395:
386:
384:
375:
374:
370:
361:
359:
350:
349:
345:
336:
334:
325:
324:
320:
313:
309:
302:
298:
291:
287:
278:
276:
267:
266:
262:
253:
252:
248:
243:
231:
195:
164:
156:Rogers Building
111:
104:
98:
74:
72:
51:
49:
17:
12:
11:
5:
433:
431:
423:
422:
412:
411:
408:
407:
400:
399:External links
397:
394:
393:
368:
343:
318:
307:
296:
285:
260:
245:
244:
242:
239:
238:
237:
230:
227:
194:
191:
163:
160:
139:, was a major
128:
127:
124:
120:
119:
112:
109:
106:
105:
100:
94:
92:
88:
87:
86:In liquidation
84:
80:
79:
69:
65:
64:
61:
57:
56:
46:
42:
41:
36:
32:
31:
26:
15:
13:
10:
9:
6:
4:
3:
2:
432:
421:
418:
417:
415:
406:
403:
402:
398:
383:on 2006-03-17
382:
378:
372:
369:
358:
354:
347:
344:
333:on 2019-12-02
332:
328:
322:
319:
316:
311:
308:
305:
300:
297:
294:
289:
286:
275:on 2014-04-15
274:
270:
264:
261:
256:
250:
247:
240:
236:
233:
232:
228:
226:
224:
219:
217:
212:
210:
206:
201:
198:
192:
190:
187:
183:
181:
177:
176:United States
173:
172:Hertfordshire
169:
161:
159:
157:
153:
149:
145:
142:
138:
134:
125:
121:
117:
113:
107:
103:
97:
93:
89:
85:
81:
70:
66:
62:
58:
47:
43:
40:
37:
33:
30:
27:
23:
385:. Retrieved
381:the original
371:
360:. Retrieved
356:
346:
335:. Retrieved
331:the original
321:
310:
299:
288:
277:. Retrieved
273:the original
263:
249:
220:
213:
202:
199:
196:
188:
184:
165:
146:company and
136:
132:
131:
115:
91:Headquarters
25:Company type
387:2010-04-09
362:2020-10-02
337:2022-02-04
279:2013-09-12
241:References
110:Key people
168:Stevenage
144:insurance
39:Insurance
414:Category
229:See also
205:CompCorp
186:father.
141:Canadian
35:Industry
209:Assuris
180:Atlanta
162:History
152:Toronto
96:Toronto
73: (
68:Defunct
60:Founder
50: (
45:Founded
193:Demise
102:Canada
29:Public
123:Owner
216:KPMG
83:Fate
75:1994
71:1994
52:1871
48:1871
416::
355:.
225:.
182:.
170:,
99:,
390:.
365:.
340:.
282:.
257:.
77:)
54:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.