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Canada Life International secures 5-star AKG rating

Canada Life International (CLI) has been awarded an overall five star rating by AKG for a seventeenth consecutive year, making it the only offshore insurer to have maintained the rating over that time. Following an analysis by AKG Financial Analytics, the rating reflects the assessment of various aspects such as Financial Strength, Image & Strategy, and Business Performance for the businesses in the Isle of Man and Dublin (Canada Life International, CLI Institutional and Canada Life International Assurance Ireland respectively).

In awarding the rating, AKG noted the positive effects of CLI’s strategic product and administrative changes, improvements to its online capabilities, and the strong support of its parent company, Great West Lifeco, one of the largest life companies in the world with some £807 billion* in assets under management.

Sean Christian, MD & Executive Director - Wealth Management Division, said:

“I am delighted with the outcome of AKG’s 2019 review of our International businesses. The results recognise our unwavering commitment and belief in the UK intermediated market which remains steadfast and that as market leaders we continue to enhance our proposition to meet the evolving needs of advisers and their clients.

"Over the coming months we will be sharing exciting plans to enhance key product lines and also our online Adviser Connect portal, supporting advisers to create efficiencies and meet their regulatory obligations."

Financial strength

  • Canada Life has strong ratings from the major agencies (for parent company Great-West Lifeco).
  • 5 star AKG Annual Review ratings for 17 consecutive years.
  • A dedicated, award winning ican Technical Services Team.

If you would like more information on any of our international products and services please
contact us on +44 1624 820 200 or visit our website.

* As at 31 December 2018

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Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.

Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.