Macaulay, Thomas Bassett National Historic Person
Montréal, Quebec
Photoengraving by Arthur George Racey
(© Musée McCord Museum / M20111.8)
Address :
1150 Mansfield Street, Montréal, Quebec
Recognition Statute:
Historic Sites and Monuments Act (R.S.C., 1985, c. H-4)
Designation Date:
1997-09-22
Life Date:
1860 to 1942
Other Name(s):
-
Macaulay, Thomas Bassett
(Designation Name)
Research Report Number:
1997-018
Importance:
Played a fundamental role in the creation of the modern life insurance industry in Canada
Plaque(s)
Existing plaque: 1150 Mansfield Street, Montréal, Quebec
From 1877 to 1934, Macaulay rose from clerk to president at the Sun Life Assurance Company of Canada, playing a vital role in the creation of the modern life insurance industry in Canada. His policy innovations made coverage appealing and available to a broader range of clients. His bold investment strategies resulted in extensive Sun Life stock holdings, stimulating general economic growth. Through his many philanthropic efforts, this prominent businessman helped build strong communities. He applied the same talent for innovation at his Mount Victoria Farm, where he developed a new line of Holstein cattle.