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History

Solid Roots -- In Business Since 1903

Necessity being the mother of invention, Acadians living in Massachusetts sought to equip themselves with the means to assist the less privileged in their community. Their solution was to form the organisation la Société l'Assomption to ensure the well-being of families who had lost their fathers or husbands and to provide young Acadians living in the United States and Acadia the means to further their education. In 1913, la Société l’Assomption moved to Moncton. At this time, and for many years afterwards, the company was headed by members of the clergy, and many of the company's scholarship recipients became brothers or priests.

Over the years, the assets and number of policyholders grew. The magic number of 10,000 policies was reached in 1929, and company assets totalled $1 million in 1938. Twenty years later, la Société l'Assomption had $100 million in life insurance policies in force.

La Société l’Assomption has always been a leader in the fight to promote the rights of Acadians in the Maritimes and beyond. The company's senior managers have been actively involved in movements seeking to provide Acadians with the tools they need to get ahead. Historic causes were also of great importance. For example, la Société l’Assomption took part in the construction of the church at Grand-Pré, now part of a national historic site commemorating the Expulsion of 1755. The company was also a major contributor to the celebrations marking the 200th anniversary of the Expulsion.

In 1969, the fraternal society became a mutual insurance company and adopted the name Assomption Compagnie Mutuelle d’Assurance-Vie. This transformation also made it possible for Assumption Life to reach new heights in its development, including the establishment, in the early 1990s, of Louisbourg Investments Inc., an investment management firm.

Over the past century, the company has indisputably become a major player in Atlantic Canada's economy, with 82,000 policies in force and managing assets worth $1.3 billion in 2013.

Today, Assumption Life's goal is to establish itself as a leader in the area of financial security. We are working diligently toward this common objective: to be the best at what we do!