Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
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...
Best Affirms ING Canada Ratings, Including Acquired Allianz Operations
Jun 22 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Superior) and has assigned issuer credit ratings (ICR) of “aa-” to the ING Canada Group. Best also said it had...
R.I. Draft Rules for Importing Canadian Drugs Include Product Liability
Jun 16 2005 // The Rhode Island Health Department has drafted guidelines that would govern drug imports from Canada, and help ensure the medications meet quality and safety standards in Rhode Island. The proposed rules would be another...
Chippindale to Head Integro’s Toronto Office, Canadian Operations
Jun 16 2005 // Integro USA announced today that John Chippindale has joined the company as Managing Director and President of Integro Canada. He becomes the latest in a succession of ex-Marsh executives to join the new international...
Canadian Supreme Court Ruling Strikes Down Healthcare Restrictions
Jun 10 2005 // In what could be a landmark decision, Canada’s Supreme Court has ruled that a patient awaiting a hip replacement operation in Quebec is entitled to obtain private health insurance to help defray the cost. Such...
S&P Assigns Rating of ‘A+’ for ING’s Canadian Subs
May 26 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “A+” long-term counterparty credit and financial strength ratings to the following Canadian subsidiaries of the Netherlands ING...
Kingsway Grows Net Income by 52%
May 5 2005 // Toronto-based Kingsway Financial Services Inc. announced financial results in Canadian dollars for the first quarter ended March 31, 2005. The company has decided to defer its change to U.S. dollar reporting until the end...
Page Named New Optimum General President, CEO
May 2 2005 // Canadian P/C insurer Optimum General Inc. has named Jean-Claude Page as its new president and CEO, following the retirement of David B. Liddle. The change was effective April 29, and was announced at the company’s...
Arch Enters Canadian Market
Apr 28 2005 // Arch Insurance Group, a division of Bermuda’s Arch Capital Group Ltd., has announced its entrance into the Canadian insurance marketplace. The plans were revealed at the recent RIMS Conference in Philadelphia. Arch...
GARAMENDI TO ADDRESS DANGER OF UNINSURED VEHICLES FROM MEXICO:
Apr 18 2005 // Seeking better coordination of insurance programs so that people on California and Mexican highways are protected, Insurance Commissioner John Garamendi lead a delegation to Mexico on April 11 to participate in trilateral...
Calif. Commissioner to Address Danger Uninsured Vehicles from Mexico Pose to Calif. Motorists
Apr 8 2005 // Seeking better coordination of insurance programs so that people on California and Mexican highways are protected, Insurance Commissioner John Garamendi announced Friday he will lead a delegation to Mexico on Monday to...
Man with Multiple Identities Indicted in International Scam
Mar 21 2005 // Matthew Wallace Schachter, aka Robert Lewis Brown, aka Matthew C. Rollins, was indicted in February on federal charges relating to an insurance fraud scheme that allegedly netted more than $20 million over the last four...
Task Force to Address Availability, Affordability Issues for Atlantic Canada Sectors
Mar 7 2005 // Insurance Bureau of Canada (IBC) recently announced a newly created task force focused on insurance issues affecting the commercial and not-for-profit sectors in Atlantic Canada. The Atlantic Task Force on Insurance...
IBC Reports 2004 Financials for Auto, Home and Business Insurance Companies
Mar 1 2005 // Insurance Bureau of Canada (IBC) recently announced estimated 2004 financial results for Canada’s home, auto and business insurance companies. Industry data indicate that in 2004, the industry’s 206 companies...
Calif. Man Indicted on Federal Charges in International Insurance Fraud Scam
Feb 16 2005 // Matthew Wallace Schachter, aka Robert Lewis Brown, aka Matthew C. Rollins (Brown), 58, was indicted on federal charges relating to an insurance fraud scheme that allegedly netted more than $20 million over the last four...
Man with Multiple Identities Indicted on Federal Charges in International Scam
Feb 14 2005 // Matthew Wallace Schachter, aka Robert Lewis Brown, aka Matthew C. Rollins (Brown), 58, was indicted last week on federal charges relating to an insurance fraud scheme that allegedly netted more than $20 million over the...
Kingsway Notes 54% Gain in Net Income
Feb 10 2005 // Toronto-based Kingsway Financial Services Inc. announced financial results for the quarter and year ended Dec. 31, 2004, and the declaration of an initial quarterly dividend of 5 cents per share. For the fourth quarter net...
