Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Commerce Banc Insurance to be sold
Oct 8 2007 // Canada’s TD Bank Financial Group reported that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase...
Business Moves
Oct 8 2007 // The Hanover, Professionals Direct The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies...
Business Moves
Oct 8 2007 // The Hanover, Professionals Direct The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies...
Canada’s TD Banknorth to Buy N.J.’s Commerce Bank; Sell Insurance Unit
Oct 2 2007 // Canada’s TD Bank Financial Group reports that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase...
Exporters’ insurance: A world of opportunity
Sep 24 2007 // Companies moving into international markets could be exposed to risks not insured under domestic policies In the past 10 years, it has become much easier for U.S. companies to venture into the global marketplace. Advances...
R&M Publishes ‘Snapshot’ of Canadian P/C Market
Sep 21 2007 // Research and Markets has added “Snapshots Canada Non-Life Insurance 2007” to their offering, as part of the research firm’s Snapdata series. The report “provides 2005 year-end market size data, with...
Dole Recalls Salad Mix in Latest E. Coli Scare
Sep 20 2007 // A package of Dole salad mix that tested positive for E. coli has triggered a recall in at least nine states, prompting new produce fears almost exactly a year after a nationwide spinach scare. The tainted bag of...
Hub to Acquire Canadian Wholesaler Totten Group
Sep 20 2007 // Chicago-based Hub International Limited announced that one of its subsidiaries has entered into a definitive agreement to acquire all of the stock of Totten Insurance Group Inc., a Canadian specialty insurance wholesaler...
Canada Market ‘Solid’ Says Best Report; But Beware ‘Soft Market Cycle’
Sep 19 2007 // A.M. Best has just released a study of the Canadian insurance market, which found that the country’s P/C insurers enjoyed “another solid year,” from profitable underwriting aided by investment income and...
Lightning Striking Can be Frightening for iPod, Cell Phone Users
Jul 13 2007 // Listen to an iPod during a storm and you may get more than electrifying tunes. A Canadian jogger suffered wishbone-shaped chest and neck burns, ruptured eardrums and a broken jaw when lightning traveled through his music...
Best to Hold Canada Conference
Jul 5 2007 // A.M. Best Co. will host a comprehensive one-day conference in Toronto to explore the issues facing the Canadian insurance industry. The 2007 “Review & Preview Conference–Canadian Update” will be held...
Ratings Roundup: ING Canada, AXA RE Pacific (PARIS RE)
Jul 5 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and issuer credit ratings (ICR) of “aa-” of the ING Canada Group. The group includes Belair Insurance Company Inc....
AXA Extends Canada Art Coverage
Jun 29 2007 // AXA’s Canadian subsidiaries have announced plans make available “a comprehensive portfolio of customized art insurance products and related services to meet the growing demands of individual art collectors,...
Best’s Rating Actions on R&SA-Canada
Jun 28 2007 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A-” (Excellent) and assigned issuer credit ratings (ICR) of “a-” to Royal & Sun Alliance Insurance Company of Canada (RSA...
Best Lists ‘Public Information” Ratings on 52 Canadian P/C Companies
Jun 25 2007 // A.M. Best Co. has released a list of ratings on a number of Canadian P/C insurers, based on publicly available financial information. “These ratings are based solely upon public information and present the most...
Best Rates State Farm ‘A++’
Jun 12 2007 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A++” (Superior) and assigned issuer credit ratings (ICR) of “aa+” to State Farm Group and its P/C members and life affiliates....
Best Upgrades/Affirms Ratings on Old Republic and Subs
Jun 11 2007 // A.M. Best Co. has upgraded the financial strength rating (FSR) to “A+” (Superior) from “A” (Excellent) and the ICR to “aa-” from “a” of Chicago-based Old Republic General...
Business Moves
May 7 2007 // Aviva The U.K.-based Aviva Group announced plans to expand in Russia. One year ago, the company launched Aviva Russia, and it is now poised to enter the direct sales market with its Moscow-based direct sales force. The...
Swiss Re, Allianz, RMS Team-up to Write UK, US, Canada Cat Bonds
Apr 17 2007 // Swiss Re announced its successful participation in structuring and placing $150 million of securities covering flood and earthquake catastrophic events in Great Britain, Canada and the United States on behalf of...
People and Places
Apr 9 2007 // Marsh Inc. appointed chief operating officers for three of its core business sectors. The executives are: Patricia Hagemann, who has been named chief operating officer of the Americas; David Lessing, chief operating...
