2009 News Archive

Empire Life United Way campaign raises a record-breaking $195,546

Kingston, Ontario - Empire Life employees and retirees have much to celebrate today after raising $195,546 for United Way/Centraides across the country. This is the highest amount the Company has ever achieved in its annual fundraising effort, which includes a corporate match of all employee donations and special events proceeds. More than $177,000 of the total raised will benefit the United Way serving Kingston, Frontenac, Lennox and Addington.

Read more...
Posted Date: October 26, 2009

Empire Life appoints new Chief Investment Officer and Portfolio Managers

Kingston, Ontario - The Empire Life Insurance Company (Empire Life) today announced the appointments of Gaelen Morphet, CFA as Senior Vice-President and Chief Investment Officer, Lieh Wang, CFA as Senior Portfolio Manager, and Nessim Mansoor, CA, CFA as Portfolio Manager.

Read more...
Posted Date: October 26, 2009

Empire Life announces an offering of $200 million of 6.73% subordinated debentures

Kingston, Ontario - The Empire Life Insurance Company (Empire Life) and E-L Financial Corporation Limited (E-L) (TSX: ELF) (TSX: ELF.PR.F) (TSX: ELF.PR.G) announced today that Empire Life offered in Canada, by way of private placement to accredited investors, $200 million principal amount of subordinated unsecured 6.73% fixed/floating debentures (Debentures) due May 20, 2019. The offering is expected to close May 20, 2009.

Read more...
Posted Date: May 14, 2009

DBRS assigns ratings to Empire Life

Kingston, Ontario - The Empire Life Insurance Company (Empire Life) and E-L Financial Corporation Limited (E-L Financial) (TSX: ELF) (TSX: ELF.PR.F.) (TSX: ELF.PR.G) today announced new ratings by DBRS Limited (formerly Dominion Bond Rating Service) for Empire Life. DBRS is assigning Empire Life an Issuer Rating of A, a Subordinated Debt Rating of A (low), and a Claims Paying Rating of IC-2. All ratings have a Stable trend.

Read more...
Posted Date: May 05, 2009

Empire Life releases 2008 year-end financial results

Kingston, Ontario - The Empire Life Insurance Company (Empire Life) has released its 2008 year-end financial results.

Read more...
Posted Date: March 18, 2009