All the headlines from our Canada Topic Page, ordered by recency.
Mar 17 2003 // A.M. Best Co. announced that it has affirmed the various financial strength ratings of the operating subsidiaries of Toronto-based Fairfax Financial Holdings Limited, with the exception of TIG Insurance Group, which was...
Mar 12 2003 // Borrowing a phrase from Britain’s Queen Elizabeth the Insurance Bureau of Canada labeled the year 2002 an “Anni horribiles” as it reported that the financial results for the country’s P/C insurers...
Feb 28 2003 // Toronto-based Kingsway Financial Services Inc. issued a statement following the completion of a review of the financial strength ratings of it operating subsidiaries by A.M. Best Co., which affirmed current ratings on most...
Jan 24 2003 // Lloyd’s announced that it has recently accredited Canada’s Beach & Associates Ltd. and Italy’s Aon Italia Srl as the first new brokers to be given full access to the Lloyd’s market in...
Jan 13 2003 // A.M. Best Co. announced that it will consolidate all Canadian operations previously conducted by its Toronto office into its corporate headquarters in Oldwick, New Jersey in what it termed an effort to “streamline...
Dec 20 2002 // Swiss Re announced that its Board of Directors has appointed Ann Godbehere as CFO, effective 1 April 2003, succeeding John H. Fitzpatrick, who’s been named to head Swiss Re’s Life & Health Business...
Nov 6 2002 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and financial strength ratings, on Canadian property and casualty insurer Co-operators General Insurance Co....
Oct 4 2002 // Assurant Group, a provider of specialty risk management programs for the financial services industry, and the Kingston Economic Development Corporation have announced plans for Assurant to build a new operations center in...
Oct 3 2002 // Oakland-based EQECAT has been selected by the Insurance Bureau of Canada (IBC) to participate in a major industry study that will revise and redraw the Canadian CRESTA zone seismic boundaries. The study plans to use...
Aug 28 2002 // Munich-American RiskPartners, a division of American Re-Insurance Company, and a member of the Munich Re Group, announced that is shifting the underwriting and marketing functions for its Canadian clients to the North...
Jul 30 2002 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Wawanesa Mutual Insurance Company, (Winnipeg, Canada).The rating also applies to Wawanesa General Insurance Company of San Diego, its U.S....
Jul 2 2002 // Chicago and Toronto-based insurance brokerage, Hub International Limited, announced that J.P. Morgan Securities Inc., on behalf of the underwriters of the previously announced public offering of 6,000,000 common shares in...
Jun 21 2002 // The dispute between Canada and Indonesia over the decision of a local court to declare the Indonesian subsidiary of Canada’s Manulife bankrupt, entered a new round when the receiver published a full page ad in a...
Apr 30 2002 // Royal & SunAlliance USA announced that it is investigating the unauthorized and apparent fraudulent use of its name to offer various insurance and financial products through print advertisements and the Internet.The...
Apr 12 2002 // ACE USA announced that it would provide a specialist solution to several specific industry classes with a shortage of terrorism related insurance capacity. The ACE terrorism insurance product is focused on U.S. and...
Mar 5 2002 // The Guarantee Company of North America, a property and casualty insurance company, with more than 100 years of operations and Canada’s leading issuer of surety and fidelity bonds, announced its wholly owned...
Jan 28 2002 // The Canadian subsidiaries of Holland’s ING Group and Anglo-Swiss Zurich Financial Services have received the final regulatory approvals required to establish their strategic alliance. Under the terms, first announced...
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,...
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...
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...