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Within 3 years, additional branches were opened in Toronto and Montreal, in addition to in the smaller sized centres of Perth and Windsor in Ontario. By the early 1960s, Maritime Life was one of the fastest growing insurance companies in Canada and it acquired The Royal Guardians insurer of Montreal in 1961.

8 million. In  Another Point of View , the John Hancock Mutual Life Insurance Coverage Business of Boston, Massachusetts purchased Maritime Life, making the company its primary Canadian subsidiary. That very same year, Maritime Life won a major agreement, offering insurance services for personnel of the Canadian Forces. In 1973, the business moved into an unique new head office in Halifax's Armdale neighbourhood.

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By 1982, the company had around $1 billion in assets and in 1986, it ranked 17th out of 150 insurance coverage business in Canada. By 1993, it had $3. 2 billion in assets, with that figure growing to $4. 3 billion within two years. In 1995, Maritime Life got Confederation Life.

5 billion in properties. In 1999, the business doubled in size, with the purchase of Aetna Life Insurance Coverage Company. In 2001, Maritime Life purchased Royal & Sun, Alliance Life Insurance Coverage Company, with total assets for the business approaching $13. 5 billion and earnings surpassing $100 million. In 2003 it obtained the insurance company of Liberty Health and in 2004, for the 5th consecutive year, it was recognized as one of "The 50 Best Companies in Canada" as ranked by's Report on Organization. On September 29, 2003, Manulife revealed its intent to acquire John Hancock Financial, including Maritime Life, for $15 billion.

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Throughout the world, insurance provider over the last few years have combined with brokerage companies, banks, and other monetary organizations to provide their consumers a wider series of services. That is definitely the case for the Canadian insurance industry, which has experienced a number of acquisitions and mergers in recent years. Below are the 5 biggest Canadian insurance provider defined by their annual incomes in 2019.