On its 110th anniversary, Assumption Life is reaffirming its support

10/23/2013 12:00:00 AM

Assumption Life is marking its 110th anniversary by establishing the Denis-Losier Scholarship, the Louisbourg Investments Scholarship a nd the Lorraine-LeBlanc Scholarship, all of which are being offered through the Assumption Foundation.

According to André Vincent, President and CEO of Assumption Life, these new scholarships confirm the Company's commitment to post-secondary education and its support for students – the professionals of tomorrow on whom the continued success of our communities depends.

"From the outset, Assumption Life assumed the mission of contributing to education as a means of furthering the development of the Acadian people. As early as 1903, the Company translated this mission into action by establishing the Caisse écolière, a fund which helped many young Acadians pursue their studies. Today's initiatives are a continuation of these efforts," Mr.Vincent explained.

Since its creation, the Assumption Foundation has awarded more than $4 million in scholarships and donations to teaching institutions. The three new scholarships add to the dozen or so existing scholarships granted annually by the Foundation.

Denis-Losier Scholarship

This scholarship is named for Denis Losier, in recognition of his contribution to Assumption Life during his tenure as CEO from 1994 to 2013. Mr.Losier left an indelible imprint on Assumption Life, helping to propel the company onto the pan-Canadian market. This important $10,000 scholarship will be given to a student enrolled at Université Sainte-Anne or Université de Moncton, preferably in a Master's program. The recipient must demonstrate superior academic ability as well as leadership in social and/or community activities. The Denis-Losier Scholarship will be awarded for the first time in 2014.

Lorraine-LeBlanc Scholarship

Born in Bathurst in 1922, Lorraine LeBlanc worked as a hairdresser and nurse. A world traveller, she was renowned for her infectious love of life. When she died in 2012 at the age of 89, Ms. LeBlanc's wish was to leave a legacy of education. The Lorraine-LeBlanc Scholarship will provide $500 to a student attending a post-secondary institution in New Brunswick. The recipient must have the surname LeBlanc, must have good academic grades, and must demonstrate financial need.

Assumption Foundation's Louisbourg Investments Scholarships 

This $1,500 scholarship includes a one-day job shadowing placement at Louisbourg Investments. To qualify, students must be in their 3rd or 4th year of a Finance program at a Canadian university, have an excellent academic record and demonstrate leadership skills.

To learn more about the Assumption Foundation's scholarships and their eligibility requirements, visit Assumption Life's website at www.assomption.ca .

Assumption Life: 110 years of memories and growth 
Assumption Life celebrated its actual 110th birthday on September 8 of this year. The year 2013 is also significant in that it marks 100 years since the Company's head office was established in Moncton.

Originally founded in Waltham, Massachussetts, as Société l’Assomption, a fraternal benefit society for lost and displaced Acadians, the company relocated its head office to Moncton in 1913. It became a full mutual life insurance company in 1969, adopting the name Assomption Compagnie Mutuelle d’Assurance-Vie. This transformation also made it possible for Assumption Life to reach new heights in its development, including the establishment, in the early 1990s, of Louisbourg Investments Inc., an investment management firm.

Over the years, Assumption Life became a major player in the finance and insurance industry in the Maritimes and across Canada. Throughout its expansion, the company's goal has remained the same: to be a leader in financial security. With more than 5,000 independent brokers nation-wide and 200 corporate employees, Assumption Life is continuing to develop niche products in a stimulating work environment.