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Great West Lifeco Inc., is still digesting its takeover of London Life Insurance. No small task. Recording an awesome gross income of $15 billion, Lifeco and its holdings, Great-West Life Assurance Company, and GWL&A in the US headed by William T. McCallum, has $92 billion in assets under administration. Lifeco is owned by Power Corporation of Montreal.
In Canada, GWL has 19 per cent of employee benefit package market and 19 per cent of the life insurance market.
Among its board of directors are Winnipegger, James W. Burns, Q.C, Company Chairman and...