Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
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...
IBC Appoints Jane Voll VP of Policy Development and Chief Economist
Feb 4 2004 // The Insurance Bureau of Canada announced that Jane Voll has been appointed Vice-President, Policy Development and Chief Economist, effective February 2, 2004. She had been acting in the role since last October. “This...
D&O Liability Premiums Jump 33 Percent; Tillinghast Study Reports Hard Market is Stabilizing Despite Record Premiums
Jan 27 2004 // Directors and officers (D&O) liability insurance premiums grew approximately 33 percent on average from 2002 to 2003, according to the Tillinghast business of Towers Perrin’s 2003 Directors & Officers...
Toronto-Dominion Bank to Buy Liberty Mutual Auto and Home Units
Jan 21 2004 // Toronto-based Meloche Monnex, a subsidiary of Toronto-Dominion Bank, has agreed to acquire Liberty Mutual Group’s Canadian automobile and homeowner insurance operations for an undisclosed price. When the acquisition...
Canada’s Med-Mal Insurance May Not Cover Internet Drug Sales
Jan 6 2004 // The Canadian Medical Protective Association (CMPA), which provides malpractice insurance to doctors in Canada, is on the verge of announcing it will not cover lawsuits generated by Internet drug sales, even if those suits...
IBC Selects “Top Ten” Canadian Insurance Frauds of 2003
Dec 18 2003 // Insurance fraud isn’t a uniquely American phenomenon, as the Insurance Bureau of Canada’s recent announcement shows all too clearly. Our neigbors north of the border have also chosen their “top ten”...
Canada’s P/C Insurers Report Weaker Q3 Results from Auto Losses
Dec 15 2003 // According to a bulletin from the Insurance Bureau of Canada, the country’s P/C insurers posted generally weaker financial results in the third quarter of 2003, due largely to a downward trend in the auto insurance...
ING Adds Ottawa Marathon to its Collection of Running Events
Dec 11 2003 // Even though its marathoner CEO Ewald Kist is set to retire next year, ING, the Dutch insurance and financial services giant, is still very much ‘in the running.’ Yesterday the company announced that it would...
