Insurer Standard Life reports 19 per cent growth in Canadian business Dominion Lending Centres Clearlease

Insurer Standard Life reports 19 per cent growth in Canadian business Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 28, 2011) Clearlease Reports Standard Life Financial Inc. reports its premiums and deposits grew 19 per cent to $1.5 billion in the first quarter, up from $1.3 billion a year earlier.

The Montreal company, a unit of global insurer Standard life plc, reported a good performance by its group business and favourable markets as a reason for the growth.

Standard said its group savings and retirement premiums and deposits grew 36 per cent to $894 million.

Meanwhile,assets under administration rose eight per cent to $41 billion at the end of the first quarter.

In Canada, Standard Life employs about 2,000 people and is the Scottish parent’s largest operation outside the United Kingdom.

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