6880 Financial Dr., Tower 1, Mississauga, ON, L5N 7Y5, Canada
http://www.rbcinsurance.com

RBC Insurance had $713 billion Canadian dollars in assets as of January 2009.

Key Officers: Neil Skelding, President and Chief Executive Officer; Diane Churilla, Head of Finance; John Hillis, Head of Business and Client Strategy

RBC Insurance, the largest Canadian bank-owned insurance company, offers personal and business insurance to 5 million customers in the U.S. and Canada.

With the United States headquarters in Greenville, S.C., the company continues to receive strong ratings by independent insurance reviews annually. RBC is one of only 39 life insurance companies to maintain an A.M. Best rating of “A” or higher for 50 or more years.

Fast Facts:

In 1898, Royal Bank hauled a 4 1/2 ton safe by horse and pulleys over mountains from Skagway, Alaska to Atlin in northern British Columbia to open a branch during the Klondike gold rush.

Prior to WWII, Royal Bank tellers used to work in cages made of heavy wire, wood and iron, which served as protection from robbers and reminded clients that their money was safe.

Royal Bank of Canada played a in the 1920 trade of Babe Ruth from the Boston Red Sox to the New York Yankees. Red Sox owner Harry Frazee sold Ruth to the Yankees for $125,000 and the promise of a $300,000 personal loan to help Frazee finance a new Broadway show. Royal Bank’s New York agency discounted the promissory notes paid to Frazee.

Sources: rbcinsurance.com, Hoover’s

Compiled by Life Quotes, Inc. staff

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