Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Fairfax Lowered
Aug 7 2000 // The counterparty credit and senior un-secured debt ratings on Fairfax Financial Holdings Ltd. (Fairfax) were lowered from “BBB+” to “BBB-” by S&P, which also revised the outlook from negative...
Royal Bank of Canada To Buy Liberty Insurance Units
Jun 20 2000 // South Carolina’s Liberty Corp. announced that it plans to sell its insurance units, which include Liberty Life Co. and Liberty Insurance Services Corp., to Toronto based Royal Bank of Canada for a reported $650...
CGNU To Pull Out of Canadian Life Market
Jun 15 2000 // Reaffirming its market strategy, CGNU, the company formed by CGU’s merger with Norwich Union, announced that it plans to leave the Canadian Life market in order to focus resources elsewhere. According to a Reuters...
State Farm to Return Over $1 Billion to Policyholders
Jun 13 2000 // State Farm Mutual Automobile Insurance Co. will pay dividends of just over $1 billion to auto insurance policyholders in 49 states, the District of Columbia and three Canadian provinces. The return of premiums, approved...
Kingsway Acquires Long-Haul Trucking Renewal Rights
May 18 2000 // Kingsway General Insurance Co., a subsidiary of Kingsway Financial Services, has acquired the renewal rights for AXA Canada subsidiaries’ long-haul trucking portfolio in Canada. The portfolio, made up of fleet...
Assurex International Adds Four Partners in U.S., Canada
May 9 2000 // Assurex International, the world’s largest privately held commercial insurance brokerage group with combined insurance premiums exceeding $12 billion annually, has expanded its worldwide presence with the addition of...
Best Comments on Future of Mexican Insurers
Feb 3 2000 // Mexican insurers will have to take aggressive steps to remain competitive with U.S. and Canadian companies that are acquiring a stronger presence in the country, according to A.M. Best Co. in a statement released...
