One of the best known insurance and financial men of Montreal
was the late David Burke, who passed away on December 5, 1913.
He was born in Charlottetown, P. E. I., in 1850, being the
youngest son of Edward and Mary (Acorn) Burke, both of whom were
natives of Prince Edward Island. He received his early education
in the schools of that province. In early manhood he turned his
attention to the insurance business, being but sixteen years of
age when he entered upon the field of labor in which he was to
attain to importance, making his name one well known in insurance
circles not only in Canada but also in the United States. In
1869 he came to Montreal, where he was associated in business
with his brother, the late Walter Burke, then general manager
for Canada of the New York Life Insurance Company. On the death
of the latter in 1879 the company retired from Canada owing to
differences with the insurance department at Ottawa. In 1883,
being willing to conform to the regulations set down by this
department, the company reentered Canada, and Mr. David Burke was
appointed general manager. In 1897 he retired from his connection
with this firm to organize an insurance company of his own, the
Royal Victoria Life Insurance Company, which was absorbed by the
Sun Life in 1911. He thus bent his energies to administrative
direction and executive control and his opinions were largely
accepted as authority upon matters connected with the complex
problems of insurance and the control of the business. In 1882 he
was elected an associate of the British Institute of Actuaries,
being one of its oldest members, and in 1897 was made a fellow of
the Royal Statistical Society of Great Britain. In 1904 he was
honored with election to the vice presidency of the Economic and
Statistical Society of Montreal and in 1906 was chosen president
of the Canadian Life Insurance Officers Association. For two
years he held the presidency of the Life Managers Association of
Canada, a body formed solely of the executive heads of insurance
companies in Canada, each company being represented in the
association by only one member. He studied every phase of the
insurance business with a thoroughness that made his opinions
standard, and he was the author of a valuable paper published in
1908 entitled “Insurance as a National Economy.” The Montreal
Witness spoke of him as one “recognized as a most capable
insurance administrator,” and his contemporaries and colleagues
speak of his business ability and resourcefulness in terms of
high admiration.
Mr. Burke was married in 1875 to Miss Rose Maclear, the youngest
daughter of the late Thomas Maclear, founder of the Maclear
Publishing Company of Toronto, and they were parents of four sons
and two daughters, as follows: Edmund A., the noted vocalist;
Louis, of New York; Alan, of Boston; Maurice N., of Montreal;
Mrs. Fred C. Budden, of Montreal; and Miss Marjorie Burke, of
Montreal.
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