Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Canadian Insurers Launch Toll-Free Crime Hotline for Consumer Tips
Oct 12 2005 // A bulletin from the Insurance Bureau of Canada gives details of a new anti-crime initiative, designed to make it easier for Canadians to report auto theft, insurance fraud, staged auto collisions and other crimes related...
Best Affirms SGI Canada, Subs Ratings
Oct 11 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of SGI Canada and the financial strength ratings of “B+” (Very Good) of its subsidiary, SGI Canada...
Canadian Insurers Launch Toll-Free National Insurance Crime TIPS Line
Oct 6 2005 // Canada’s home, car and business insurers announced the launch of a national insurance crime TIPS line to make it easier for Canadians to report auto theft, insurance fraud, staged auto collisions and other crimes...
Wawanesa Insurance Garners Top Ranking in Financial Stability
Oct 4 2005 // The Wawanesa Mutual Insurance Company (Wawanesa), one of Canada’s largest property and casualty insurers, has been ranked first among property and casualty (P/C) insurance companies in Canada in terms of capital and...
Best Affirms Rating for Wawanesa Mutual Insurance Co.
Sep 22 2005 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) of Wawanesa Mutual Insurance Company (WMIC) (Winnipeg), including its branch, The Wawanesa Mutual Insurance Company, (United States Branch)...
Best Assigns Debt Rating to ING Canada Inc.
Sep 21 2005 // A.M. Best Co. has assigned indicative ratings of “a-” to senior unsecured debt securities, “bbb+” to subordinated unsecured debt securities and “bbb” to class A preferred shares of ING...
Integro (Canada) Appoints Dunn to Manage New Montreal Office
Sep 20 2005 // Integro (Canada) Ltd. announced that it has hired former Willis EVP Robert Dunn to head up its newly-launched Montreal office. He will be responsible for directing the company’s Montreal business strategy and...
Suspects Arrested for Alleged Roles in International Insurance Operation
Sep 5 2005 // Several suspects have been arrested following an investigation by the CDI and the FBI into an international insurance fraud scheme that was allegedly created by a self-described religious organization. The investigation...
California Man Pleads Guilty
Sep 5 2005 // John Arcurio, of Fillmore, California, plead guilty June 22, to two felony counts of workers’ compensation fraud and insurance fraud. Arcurio was arrested in Kern County and transferred to the County of Ventura...
Allied World Announces Three Management Changes
Aug 25 2005 // Allied World Assurance Company, Ltd. [AWAC] has announced the following management changes: — Daniel Brandon has been promoted to the position of senior vice president, Professional-Specialty Lines Treaty...
ING Insurance, ING Novex Reimbursing Ontario Clients
Aug 23 2005 // ING Insurance Company of Canada and ING Novex announced that together they are reimbursing 180,000 Ontario clients as a result of the miscalculation of a discount from August 2003 until April of this year. This impacts...
Business Moves
Aug 8 2005 // Berkshire Hathaway, General Electric Omaha, Neb.-based Berkshire Hathaway and Kansas City, Mo.-based General Electric announced that GE Insurance Solutions’ sale of Medical Protective Corporation to Columbia...
Kingsway Sees 10% Gain in Q2
Aug 4 2005 // Canada-based Kingsway Financial Services Inc. announced financial results for the second quarter and six months ended June 30, 2005 (Canadian dollars except where indicated). Q2 2005 Highlights: * Diluted earnings per...
Canadian Auto Insurers, Consumer Group Clash Over Ontario Premiums
Jul 24 2005 // Canada’s auto insurers are disputing a recent study that showed Ontario drivers’ auto insurance rates are as much as 45 percent higher than those for British Columbia motorists. The Insurance Bureau of Canada...
Royal & SunAlliance Canada Adds ING Commercial Marine Business
Jul 14 2005 // ING Canada announced that Royal & SunAlliance Canada (R&SA) has acquired the renewal rights of ING Insurance Company of Canada’s $13-million commercial marine insurance business, effective Sept. 1,...
Best Takes Various Actions on 52 Canadian P/C Insurers
Jul 11 2005 // A.M. Best Co. has affirmed the financial strength ratings of 36 Canadian insurers, downgraded the ratings of four, upgraded the ratings of nine and assigned ratings to three Canadian property/casualty insurers. These...
International Newsbriefs
Jul 4 2005 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...
Best Affirms Ratings of Northbridge Affiliates; Revises Outlook to Positive
Jun 29 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) of “A-” (Excellent) and has assigned issuer credit ratings (ICR) of “a-” to the companies comprising Canada’s...
Coface to Cover Export Development Canada Domestic Receivables
Jun 29 2005 // Export Development Canada (EDC), Canada’s export credit agency, and the Canadian arm of Compagnie Française d’Assurance pour le Commerce Extérieur SA (Coface), an international business-to-business trade...
Best Downgrades Some AXA Canada P/C Subsidiaries
Jun 27 2005 // A.M. Best Co. announced that it has downgraded the financial strength ratings of several of AXA Canada Inc.’s wholly owned property and casualty insurance subsidiaries. The rating action affects the following...
