Canadian insurer Great-West Lifeco Inc. GWO-T +1.29%increase is looking to bolster its bottom line with a goal to double profits from its wealth management business over the next four years. During the company’s recent annual investors day, chief executive Paul Mahon told analysts the wealth division currently contributes about 15 per cent to Great West Life’s base earnings – or $500-million in 2022. But he plans to see that figure jump to more than $1-billion by 2027. “We are uniquely well...

Join a national community of curious and ambitious Canadians Subscribe to globeandmail.com for unlimited access to Canada’s leading independent journalism. $7.99 per weekJust $1.99per week for first 52 weeks New Subscribers Only Already a print newspaper subscriber? Get full access to globeandmail.com Already subscribed to globeandmail.com? Log in to keep reading

TD-T +0.12% insurance arm is extending its coverage to include insurance protection for small-business owners as demand for security continues to surge after the outbreak of COVID-19. On Wednesday, TD Insurance announced the launch of TD Insurance for Business, a new product tailored specifically for small-business owners working across several industries including retail, contractors, wholesale, business and professional services and health care. Tony Menon, senior vice-president of general...