Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
A.M. Best Lowers Allianz Canada Ratings to ‘A’ (Excellent)
Jan 24 2002 // A.M. Best announced that it has downgraded the financial strength ratings to A (Excellent) from A++ (Superior) for Allianz Insurance Company of Canada and its affiliated company, Trafalgar Insurance Company of Canada,...
Angels of the Industry 2001
Dec 17 2001 // The date of Sept. 11 has been indelibly etched into the minds of virtually every American. And yet, despite the tragic events of that day and their repercussions, at least one ray of hope has shone through—that is, the...
Cost of Risk Declines for Second Consecutive Year
Dec 10 2001 // For the second consecutive year, the overall cost of risk declined to the lowest point in over a decade, according to the newly released 2001 RIMS Benchmark Survey®. The 200-page survey, co-produced by the Risk and...
Angels of the Industry 2001
Dec 10 2001 // The date of Sept. 11 has been indelibly etched into the minds of virtually every American. And yet, despite the tragic events of that day and their repercussions, at least one ray of hope has shone through—that is, the...
RMS Releases Newest Catastrophe Model
Oct 3 2001 // Risk Management Solutions (RMS), a specialist in the area of natural hazard risk modeling, announced the most recent release of its U.S. and Canada Tornado/Hail models for use with RiskLink®-DLM and ALM® catastrophe...
CGU Canada Receives Ratings
Aug 13 2001 // A.M. Best Co. assigned a FSR of “A” to CGU Insurance Company of Canada (CGU), Scarborough, Ontario, and Elite Insurance Co., Ontario, Canada. A.M. Best also assigned a FSR of “A-” to Scottish and...
Canadian Auto Losses Continue to Rise
Jul 19 2001 // Losses related to auto insurance continue to climb in the Atlantic region of Canada following a report released by The Insurance Bureau of Canada (IBC). According to Don Forgeron, regional vice-president of the IBC, costs...
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...
