All the headlines from our Canada Topic Page, ordered by recency.
Mar 8 2011 // Suspected FARC guerrillas have captured 23 Colombian oil contractors carrying out exploration work for Canada’s Talisman Energy in a rare mass kidnapping, authorities said Monday.Colombia, Latin America’s No. 4...
Feb 11 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb” of Jevco Insurance Company, which is based in Quebec. At the same time Best affirmed...
Feb 11 2011 // A.M. Best has issued a series of ratings announcements relating to Canada’s Fairfax Financial Holdings and its subsidiaries. The bulletins are as follows:A.M. Best Co. has removed from under review with negative...
Feb 2 2011 // A.M. Best Co. has assigned a financial strength rating of ‘A+’ (Superior) and an issuer credit rating of “aa-” to Everest Insurance Company of Canada (EvCan), both with stable outlooks. Best noted...
Jan 20 2011 // A.M. Best Co. has upgraded the issuer credit rating (ICR) to “bb+” from “bb” and affirmed the financial strength rating (FSR) of ‘B’ (Fair) of Unifund Assurance Company, which is based...
Jan 11 2011 // Hub Acquires Assets of Canadian Broker Phoenix Grande Prairie Group Hub International Limited announced that it has acquired the assets of Phoenix Insurance Group Grande Prairie Inc., headquartered in the Canadian Province...
Jan 10 2011 // Carbon dioxide already emitted into the atmosphere will keep contributing to global warming for centuries, eventually causing a huge Antarctic ice sheet to collapse and lift sea levels, Canadian scientists said Sunday.Even...
Dec 20 2010 // The Insurance Bureau of Canada (IBC) recently released its annual list of the most frequently stolen vehicles, as follows: 1. 2000 Honda Civic SiR 2-door 2. 1999 Honda Civic SiR 2-door 3. 2002 Cadillac Escalade 4-door...
Dec 1 2010 // A lack of equipment and personnel has left TransCanada unprepared to deal with a major spill of crude oil on its Keystone pipeline system, according to a report by a nonprofit environmental group.The 60-page report from...
Nov 29 2010 // The Canada Revenue Authority (CRA) confirmed that Barbados insurance companies including Exempt Insurance Companies (EIC) and Qualifying Insurance Companies (QIC) are “liable to tax” under paragraph IV (1) of...
Nov 22 2010 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of...
Nov 12 2010 // China’s insurance regulator has cleared the way to let the country’s insurers invest billions of capital in Canadian financial markets, the Canadian government said on Friday.The move, the latest sign of...
Nov 2 2010 // Low interest rates and write downs are expected to lead to another messy quarter for Canada’s insurers, but recent stock market strength means the profit picture should be brighter than last quarter’s weak...
Oct 29 2010 // German insurer Allianz has tapped Britain’s largest private pension fund and one that invests the pensions of Canada’s Mounties to make a joint bid for Britain’s sole high-speed railway, sources...
Oct 27 2010 // Canadian insurer Sun Life Financial Inc. said Wednesday it would sell its reinsurance business to Warren Buffett’s Berkshire Hathaway after months of looking for a buyer for the profitable unit.Sun Life did not...
Oct 21 2010 // Cash rich Australian companies are being forced to search offshore for takeover targets as the small local market has become too consolidated to get deals past the competition watchdog.With the Aussie dollar at a 28-year...
Oct 21 2010 // The United Nations should impose a moratorium on “geo-engineering” projects such as artificial volcanoes and vast cloud-seeding schemes to fight climate change, green groups say, fearing they could harm nature...
Oct 20 2010 // Catlin Canada, the Canadian-based operations of Catlin Group Limited, announced further expansion in the country with the opening of offices in Vancouver and Montreal. Both facilities will begin operations in early...
Oct 18 2010 // Sean McGovern now heads Lloyd’s operations in the U.S. and Canada – the first and third largest sources of business for its underwriters. Lloyd’s not only wants to hold on to that business, but also to...
Oct 4 2010 // UK-based RSA Insurance Group plc has announced the acquisition of GCAN Insurance Company, a Canadian mid-market, large risks & specialty commercial insurer, which “offers a range of products including Property,...