Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
A.M. Best Report: Canada’s P/C Industry Rebounded Strongly in 2003
Jul 27 2004 // As 2002 fades from memory as the worst performance year by the Canadian property/casualty insurance industry, 2003, on the other hand, will be remembered for the industry’s return to underwriting profitability and...
A.M. Best: Study Sees Improvement in Canadian Commercial Property Industry
Jul 12 2004 // Commercial property writers in Canada saw better underwriting results for the second consecutive year in 2003, as the line’s net loss ratio decreased about 12.3 points to 49.5 from 61.8 in 2002, according to a study...
Paris Airport Collapse Insurance Recoveries Unclear
Jul 5 2004 // International News •June 1, 2004 De Gaulle Airport Collapse – Vive la Stupidité. The punishment fits the crime. The collapse (punishment) is a direct result of the egomania (crime) of its Architect-Designer Paul...
Paris Airport Collapse Insurance Recoveries Unclear
Jul 5 2004 // International News •June 1, 2004 De Gaulle Airport Collapse—Vive la Stupidité. The punishment fits the crime. The collapse (punishment) is a direct result of the egomania (crime) of its Architect-Designer Paul Andreu....
People and Places
Jul 5 2004 // Jesse Beck Dallas-based commercial insurance firm, McQueary Henry Bowles Troy L.L.P. (MHBT), appointed Jesse (Jay) Beck as vice president of the employee benefits group. Beck brings 15 years of industry experience to the...
Canada’s RSGC Acquires 49% Stake in London Broker
Jun 23 2004 // The Toronto-based RS Group of Companies, Inc. (RSGC), formerly Rent Shield Corp., a provider of pass-through risk specialty insurance and reinsurance products, announced that it has completed the purchase of 49 percent of...
SIAA Canada Adds New Broker
Jun 17 2004 // The Strategic Independent Agents Alliance (Canada), announced that Rhodes & Williams Limited of Ottawa, Ontario has joined SIAA Canada and has established Brokers Helping Brokers Alliance, Limited, operating as BHB...
S&P Affirms Allianz Canada ‘BBB’ Ratings; Raises Outlook to Stable
Jun 10 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Allianz Insurance Co. of Canada and Trafalgar Insurance Co. of Canada (collectively referred to as Allianz Canada) to stable from...
Dominion of Canada Stops Writing Auto Policies in Newfoundland; Cites “Punitive Legislation”
Jun 1 2004 // Dominion of Canada General Insurance Co. announced that it intends to stop offering new, personal auto policies in Newfoundland and Labrador in the wake of proposed insurance reform introduced by the Conservative...
Best Affirms Rating for ING Canada Group
May 18 2004 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of ING Canada Group (ING Canada) (Toronto). The group, which operates under a pooling arrangement, includes Belair Insurance Company Inc., ING...
Best Affirms AXA Canada Ratings
May 13 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of AXA’s main Canadian P/C subsidiaries. AXA Canada, a holding company, “whose property/casualty insurance operations throughout...
Best Affirms Northbridge Affiliates ‘A-‘ Ratings
May 13 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A-” (Excellent) of the member companies of the Toronto-based Northbridge Financial Corporation. Best also revised the outlook for...
Best Affirms GCAN ‘A’ Rating
May 10 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) for GCAN Insurance Company (Toronto, Canada) with a stable outlook. “The rating reflects GCAN’s...
Canada’s ICLR Unveils “Disaster Resilient” Home
May 10 2004 // To mark National Emergency Preparedness Week, Canada’s Institute for Catastrophic Loss Reduction (ICLR) announced that it has completed a non-structural retrofit on a Halifax home “to illustrate the simple...
Manulife and John Hancock Complete Merger
Apr 28 2004 // Manulife Financial Corporation in Toronto and John Hancock Financial Services, Inc.,in Boston, along with its its Canadian subsidiary, The Maritime Life Assurance Company, today completed their merger after receiving all...
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...
