TD Insurance is an insurance company located in Canada. Founded in 1949, it is relatively later and smaller in size than the major insurance companies in Canada. Although TD Insurance is not a big name in the insurance industry, it is part of TD Bank Group, one of Canada’s largest financial services organizations.
BMO or The Bank of Montreal is the fourth biggest Canadian bank by assets and market capitalization.
In fact, it is regarded as one of the Big Five (including TD, CIBC, RBC, and Scotiabank).
It is also one of the most recognized banks in the North American area.
BMO Insurance was founded in 1817 as a member of the BMO Financial Group.
In 2009, the Bank of Montreal acquired the AIG Life Insurance Company of Canada.
AIG was then renamed BMO Life Assurance Company, with the headquarters being put at Toronto, Ontario.
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