Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
AEGON Canada Set to Acquire Money Concepts
Jul 18 2001 // AEGON Canada Inc., a member of the international AEGON Group and the parent company of Transamerica Life Canada, reached an agreement to acquire 100 percent of the shares of National Financial Corporation, the parent...
Kaye Group, Hub International Complete Merger
Jun 29 2001 // Canadian insurance broker Hub International Ltd. announced the completion of its acquisition of Kaye Group, Inc., the U.S. property/casualty and benefits broker. Hub, which is 41 percent owned by Canada’s Fairfax...
Maritime Life to Purchase Royal Sun Canadian Life Unit
Jun 20 2001 // Maritime Life, a wholly owned subsidiary of John Hancock Financial Services, announced that it has agreed to buy Royal & Sun Alliance Life Insurance Co. of Canada (aka Royal & SunAlliance Financial) for...
Chubb Ins. Co. of Canada Launches Website
Jun 5 2001 // Chubb Insurance Company of Canada unveiled a secure website for personal lines brokers at Chubb Canada. The company began a pilot phase last December, and the location is now live for Chubb’s Ontario-based brokers....
Canada’s Kingsway To Commence Offering Non-Standard Automobile Insurance In California
May 29 2001 // Kingsway Financial Services Inc. announced that it would commence writing non-standard automobile insurance in California, through its wholly owned subsidiary, Lincoln General Insurance Company. The company received...
Assurex Expands in U.S., Canada
May 23 2001 // Assurex International, the partnership of independent risk management services and commercial brokers, announced that new members in Kentucky, Minnesota and British Columbia had joined the organization. The group...
Canada Fairfax Reports 1Q 2001 Earnings
May 7 2001 // Canada’s Fairfax Financial Holdings Ltd. reported net income for the first quarter ended March 31 of $30.9 million (or $2.11 per share), down from $35.9 million (or $2.58 per share) for the same period in 2000. The...
Economical buys Hartford Canadian Unit
Mar 5 2001 // The Economical Insurance Group, the sixth largest property and casualty insurer in Canada, will acquire Hartford Insurance Company of Canada, a subsidiary of The Hartford Financial Services Group. Economical aims to pick...
Visions Clear for NAFTA Insurance
Mar 5 2001 // The media reports have died down since the Feb. 6 ruling that the United States was in violation of the North American Free Trade Agreement by disallowing Mexican trucks free access to American roadways. The work has just...
NAFTA Panel: U.S. in Violation of Treaty
Feb 19 2001 // On Feb. 6, a North American Free Trade Agreement arbitration panel upheld an interim ruling opening the United States border to Mexican trucks. Many in the insurance industry say they will cautiously review the changes the...
NAFTA Ruling Expected to Allow U.S. Access to Mexican Trucks
Feb 12 2001 // A North American Free Trade Agreement arbitration panel is expected to uphold an interim ruling from November allowing Mexican trucks to operate in the United States. Many in the insurance industry say they will cautiously...
Lloyd’s Names Smith Attorney in Fact in Canada
Jan 31 2001 // Lloyd’s has named Nicholas Smith as its Attorney in fact in Canada for Lloyd’s Underwriters effective June 1, 2001. He will succeed Mark J. Oppenheim CA, who has filled the position since 1992. Smith, who...
Standard Life (Canada) Investigates Hidden Charges
Jan 10 2001 // The Canadian subsidiary of the U.K.’s Standard Life Assurance Co. has begun an investigation into allegations that it charged some policy holders “miscellaneous fees” without informing them. The review...
CGNU Sells Canadian Life Units
Dec 27 2000 // In accordance with its plans to concentrate on p/c insurance in Canada, CGNU, the U.K.’s largest p/c insurer, announced the sale of two Canadian life units. Manulife Financial has acquired the former CGU subsidiary...
Canada Life Rules Out Indian Venture
Dec 11 2000 // The Canada Life Insurance Co. has decided not to pursue plans for a joint venture in India for the time being, citing its expansion commitments into reinsurance and the Brazilian and German insurance markets as the...
Glamour & Risk: Insuring HollywoodProduction Companies
Nov 13 2000 // For many film lovers, the holiday season is synonymous with the release of Hollywood’s latest screen confections. As production companies scramble to satiate the consumer appetite for thrilling visual effects and...
Border Crossing
Oct 23 2000 // NAFTA Still Hobbled By Stafety Concenrns, Cross-Border Insurance Isues The provisions of the North American Free Trade Agreement have been in place for several years, but Mexico and the United States have yet to simplify...
ING Canada, Local Brokers Bid For Equisure
Oct 2 2000 // ING Canada, a subsidiary of Holland’s ING Group, and seven Canadian insurance brokers have made a joint bid for all of the shares of Equisure Financial Network, one of Canada’s leading insurance brokers and...
Canada Life Launches Joint Venture in India
Sep 25 2000 // Canada Life announced that it has formed a joint venture with Centurion Bank Ltd, TCFC Finance Ltd. of Mumbai and the ARDEE group of New Delhi to establish Canada Centurion Assurance Company in India. Under newly...
ACORD, CSIO to Collaborate on XML Standards for North America
Sep 8 2000 // Gregory A. Maciag, president and CEO of ACORD, and Klaas Westera, president and CEO of the Centre for Study of Insurance Operations (CSIO), jointly announced that discussions are underway between CSIO and ACORD to...
