The Co-operators

The Co-operators Group Limited
Founded 1945 (1945)
Headquarters Guelph, Ontario, Canada
Key people Kathy Bardswick (Mutter), CEO
Industry Insurance
Revenue $ 3.5 billion (2010)
Employees 5,018 (2010)
Website cooperators.ca

The Co-operators Group Limited, founded in 1945, is a Canadian insurance co-operative owned by 45 members including co-ops and credit union centrals. It is one of the largest wholly Canadian-owned multiline insurers, offering auto, home, life, farm, travel, and business insurance as well as investments. The company was started by farmers in Saskatchewan, in 1945.

The Co-operators Group Ltd. is a co-operative based in Guelph, Ontario. That entity owns several operating companies, the largest of which is Co-operators General Insurance Company, which sells property and casualty insurance (ie, auto, home and commercial), primarily through its network of more than 485 exclusive agents. The second biggest company in the group is Co-operators Life Insurance Company, based in Regina, which sells life insurance (ie, life, health, group benefits). Other member companies are HB Group Insurance of Mississauga, The Sovereign General Insurance Company of Calgary, L'Union Canadienne based in Quebec, TIC Travel Insurance Coordinators from Toronto, CUMIS Group Limited which is based in Burlington, Ontario, and investment firm Addenda Capital of Montreal. As of March 2011, the group of companies had more than $40 billion in assets under administration.

Contents

History

The roots of The Co-operators can be traced back to the wheat fields of Saskatchewan. The Great Depression, followed by the Second World War, was a time of great adversity for rural communities as many agricultural families lost their belongings, their savings and their life insurance. In this environment, co-operatives were increasingly appealing as a way for a community to pool its resources to help rebuild lives. [1]

A group of farmers in Saskatchewan dreamed of building a co-operative insurance company to protect their assets for future generations. In 1945, with the support of the Saskatchewan Wheat Pool and farm-based prairie co-operatives, Co-operative Life Insurance Company was incorporated in Regina. [1]

Similar developments were underway in Ontario, where the Co-operative Union of Ontario and the Ontario Credit Union League established Co-operators Fidelity & Guarantee Association 1946 to support farmers in that province. [1]

The Saskatchewan- and Ontario-based companies expanded significantly over the years, both in terms of geography and product offerings. The two successor companies, Regina-based Co-operative Insurance Services and Co-operators Insurance Associations of Guelph, established closer ties and, in 1975, merged as CI Management Group, which adopted the brand name "The Co-Operators." In 1978, the company took its present name.[2]

The group of companies has grown steadily since then. Presently, The Co-operators banner includes Addenda Capital, Co-operators General Insurance Company, Co-operators Life Insurance Company, The CUMIS Group, HB Group Insurance, The Sovereign General Insurance Company, TIC Travel Insurance Coordinators, and L’Union Canadienne. [3]

The company is currently title sponsor for the radio network of the Canadian Football League's Saskatchewan Roughriders.


Awards & Recognition

Ranked #2 among the Best 50 Corporate Citizens in Canada by Corporate Knights.

Listed among the 50 Best Employers in Canada for eight consecutive years.

Listed among Canada's "Green 30" - a list of Canada’s top employers that are highly regarded for their commitment to environmental, social and economic sustainability.

References

External links



Wikimedia Foundation. 2010.

Look at other dictionaries:

  • The Co-operators — Dates clés 1945 Fondateurs Regroupement de 40 fermiers Personnages clés Kathy Bardswick, CEO For …   Wikipédia en Français

  • The Human Operators — Infobox Television episode Title = The Human Operators Series = The Outer Limits Caption = Season = 5 Episode = 7 Airdate = 12 March, 1999 Production = 95 Writer = Naren Shankar (script) Harlan Ellison (story) A.E. van Vogt (story) Director =… …   Wikipedia

  • The Flintstones (film) — The Flintstones Theatrical film poster by Drew Struzan Directed by Brian Levant Prod …   Wikipedia

  • The Duke of Edinburgh's Award — The DofE logo Abbreviation DofE Formation September 1, 1956 (1956 09 01) (55 years ago) Type Youth training organisation …   Wikipedia

  • The House (The Keys to the Kingdom) — The House is a domain that serves as the center of the universe in the Keys to the Kingdom series by Australian author Garth Nix. Anything in creation not in the House, such as earth (the solar system and indeed this universe), is part of the… …   Wikipedia

  • The Unit — intertitle Format Military procedural Action Drama Thriller Created by …   Wikipedia

  • The Ghost Army — was a United States Army tactical deception unit during World War II officially known as the 23rd Headquarters Special Troops. The 1,100 man unit was given a unique mission within the Army to impersonate other U.S. Army units in order to fool the …   Wikipedia

  • The United States of America —     The United States of America     † Catholic Encyclopedia ► The United States of America     BOUNDARIES AND AREA     On the east the boundary is formed by the St. Croix River and an arbitrary line to the St. John, and on the north by the… …   Catholic encyclopedia

  • The Hon Mrs Victor Bruce — Croydon Airport 20 February 1931. Amy Johnson on left, Winifred Spooner on right Born 10 November 1895(1895 11 10)[ …   Wikipedia

  • The Menagerie (Star Trek: The Original Series) — The Menagerie (Parts 1 2) Star Trek: The Original Series episode The disabled Fleet Captain Pike Episode no. Episode 11, 12 …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.