Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Dominion of Canada Stops Writing Auto Policies in Newfoundland; Cites “Punitive Legislation”
Jun 1 2004 // Dominion of Canada General Insurance Co. announced that it intends to stop offering new, personal auto policies in Newfoundland and Labrador in the wake of proposed insurance reform introduced by the Conservative...
Best Affirms Rating for ING Canada Group
May 18 2004 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of ING Canada Group (ING Canada) (Toronto). The group, which operates under a pooling arrangement, includes Belair Insurance Company Inc., ING...
Best Affirms AXA Canada Ratings
May 13 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of AXA’s main Canadian P/C subsidiaries. AXA Canada, a holding company, “whose property/casualty insurance operations throughout...
Best Affirms Northbridge Affiliates ‘A-‘ Ratings
May 13 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A-” (Excellent) of the member companies of the Toronto-based Northbridge Financial Corporation. Best also revised the outlook for...
Best Affirms GCAN ‘A’ Rating
May 10 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) for GCAN Insurance Company (Toronto, Canada) with a stable outlook. “The rating reflects GCAN’s...
Canada’s ICLR Unveils “Disaster Resilient” Home
May 10 2004 // To mark National Emergency Preparedness Week, Canada’s Institute for Catastrophic Loss Reduction (ICLR) announced that it has completed a non-structural retrofit on a Halifax home “to illustrate the simple...
Manulife and John Hancock Complete Merger
Apr 28 2004 // Manulife Financial Corporation in Toronto and John Hancock Financial Services, Inc.,in Boston, along with its its Canadian subsidiary, The Maritime Life Assurance Company, today completed their merger after receiving all...
Canadian Firm to Acquire Marshall & Swift/Boeckh
Apr 27 2004 // MacDonald, Dettwiler and Associates Ltd. (TSX: MDA) in British Columbia announced a major expansion of its information products business in the U.S. The company has entered into an agreement to acquire privately held...
ING (Canada) Supports New Brunswick Auto Reforms
Apr 7 2004 // ING Insurance, the leading automobile insurer in the Canadian Province of New Brunswick, indcated that drivers there could reap more substantive savings than those offered by the Select Committee on Public Automobile...
Liberty Completes Canada Personal Lines Sale
Apr 5 2004 // Boston-based Liberty Mutual Group announced that the sale of its Canadian personal lines business, consisting of private passenger automobile, homeowners and personal property insurance, to Meloche Monnex, Inc., a member...
Best Affirms R&SA (Canada) ‘A-‘ Rating – Negative
Apr 2 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Royal & Sun Alliance Insurance Pool of Canada (RSA Pool) (Toronto), consisting of Royal & Sun Alliance...
Best Affirms Munich Re (Canada) ‘A+’ Rating; Lowers Temple
Apr 2 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Munich Reinsurance Company of Canada (MROC) (Toronto, Ontario) with a stable outlook. Best noted that the rating...
N.H. Gov. Benson Buys Prescription Drugs from Canada
Apr 2 2004 // While researching the safety of prescription drugs, New Hampshire Gov. Craig Benson ordered brand-name medicines from a Canadian online pharmacy for about half the cost of buying the same drugs in New Hampshire, he...
Liberty Mutual Reports Net Income Up 67% in Busy 2003
Mar 23 2004 // Liberty Mutual Group in Boston reported net income of $851.3 million for the 12 months ended 2003, a 67.4% increase over the same period in 2002. “I am very pleased with our overall operating performance in...
Kingsway Comments on Best’s Rating Action
Mar 8 2004 // Kingsway Financial Services Inc. issued an announcement following the actions taken by A.M. Best, which lowered is ratings on two of the group’s subsidiaries, Kingsway General Insurance Company and York Fire &...
Best Downgrades Kingsway’s Canadian Subs to ‘B++’
Mar 5 2004 // A.M. Best Co. announced that it has downgraded the financial strength ratings to “B++ “(Very Good) from “A-” (Excellent) of Kingsway Financial Services, Inc.’s Canadian subsidiaries, Kingsway...
Best Downgrades Allianz Canadian Subs
Mar 2 2004 // A.M. Best Co. announced that it has downgraded the financial strength rating to “A-” (Excellent) from “A” (Excellent) of Allianz Insurance Company of Canada and the financial strength rating to...
Canadian Broker Joins SIAA
Feb 24 2004 // The Strategic Independent Agents Alliance (SIAA) and SIAA Canada the largest network of partnering independent insurance agencies in North America, announced that Cambrian Insurance Brokers of Sudbury, Ontario has...
Sedgwick Claims Management Opens Canadian Office
Feb 24 2004 // Sedgwick Claims Management Services, Inc. has announced the opening of Sedgwick CMS Canada Inc., in Mississauga, Ontario, a suburb of Toronto. It marks the first international location for the U.S. claims and productivity...
Kingsway Posts 7% Increase in Net to $64.6 Million
Feb 13 2004 // Canada’s Kingsway Financial Services Inc., a leading provider in the U.S. of non-standard auto insurance, announced that its net income for the year increased by 7 percent to a record C$85.3 million (U.S. $64.6...
