Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
AXA Extends Canada Art Coverage
Jun 29 2007 // AXA’s Canadian subsidiaries have announced plans make available “a comprehensive portfolio of customized art insurance products and related services to meet the growing demands of individual art collectors,...
Best’s Rating Actions on R&SA-Canada
Jun 28 2007 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A-” (Excellent) and assigned issuer credit ratings (ICR) of “a-” to Royal & Sun Alliance Insurance Company of Canada (RSA...
Best Lists ‘Public Information” Ratings on 52 Canadian P/C Companies
Jun 25 2007 // A.M. Best Co. has released a list of ratings on a number of Canadian P/C insurers, based on publicly available financial information. “These ratings are based solely upon public information and present the most...
Best Rates State Farm ‘A++’
Jun 12 2007 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A++” (Superior) and assigned issuer credit ratings (ICR) of “aa+” to State Farm Group and its P/C members and life affiliates....
Best Upgrades/Affirms Ratings on Old Republic and Subs
Jun 11 2007 // A.M. Best Co. has upgraded the financial strength rating (FSR) to “A+” (Superior) from “A” (Excellent) and the ICR to “aa-” from “a” of Chicago-based Old Republic General...
Business Moves
May 7 2007 // Aviva The U.K.-based Aviva Group announced plans to expand in Russia. One year ago, the company launched Aviva Russia, and it is now poised to enter the direct sales market with its Moscow-based direct sales force. The...
Swiss Re, Allianz, RMS Team-up to Write UK, US, Canada Cat Bonds
Apr 17 2007 // Swiss Re announced its successful participation in structuring and placing $150 million of securities covering flood and earthquake catastrophic events in Great Britain, Canada and the United States on behalf of...
People and Places
Apr 9 2007 // Marsh Inc. appointed chief operating officers for three of its core business sectors. The executives are: Patricia Hagemann, who has been named chief operating officer of the Americas; David Lessing, chief operating...
People and Places
Apr 9 2007 // The Main Street America Group has promoted Ed Kuhl to executive vice president, chief financial officer, and Dick Schultz to assistant vice president, and appointed Tom Frazier to assistant treasurer. Kuhl joined Main...
People
Apr 9 2007 // The Main Street America Group has promoted Ed Kuhl to executive vice president, chief financial officer, and Dick Schultz to assistant vice president, and appointed Tom Frazier to assistant treasurer. Kuhl joined Main...
People
Apr 9 2007 // Marsh Inc. appointed chief operating officers for three of its core business sectors. The executives are: Patricia Hagemann, who has been named chief operating officer of the Americas; David Lessing, chief operating...
Thieves in Montreal Targeting Cars from U.S.
Mar 23 2007 // Like many northern New Englanders, Burlington, Vermont contractor Greg Giro likes to make an occasional trip to take in some big-city life in Montreal. But increasingly, they are being targeted by car thieves, say Canadian...
Best Withdraws Insurance Corp. of Newfoundland Rating Due to Merger
Mar 19 2007 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of “B++” (Good) and assigned a category of “NR-5” (Not Formally Followed) to Canada’s Insurance Corporation of Newfoundland...
ACE Canada Appoints Barkley as President, CEO
Mar 15 2007 // ACE Canada, a division of the ACE Group of Companies, has appointed Karen Barkley as president and chief executive officer. ACE Canada specializes in providing innovative and customized property, casualty and accident and...
Canada’s Sovereign Signs ‘Alliance Agreement’ with OneBeacon
Feb 28 2007 // Canada’s Sovereign General Insurance Company and OneBeacon Insurance Company announced the signing of a Strategic Alliance Agreement. The deal will facilitate the “introduction of products to Canada for certain...
Hynes Named Willis Canada President, CEO
Feb 20 2007 // Willis Group Holdings has named Richard T. Hynes President and CEO of Willis Canada succeeding Wole Coaxum. The change becomes effective March 1. Hynes, a native Canadian, has over 25 years of management and industry...
Business Moves
Feb 11 2007 // Goldman Sachs, USI Holdings Big insurance broker USI Holdings Corp. headquartered in Briarcliff Manor, N.Y., agreed to be acquired by GS Capital Partners, a private equity affiliate of Goldman, Sachs & Co., in a...
Marsh Sells Putnam to Canada’s Great-West Lifeco for $3.9 Billion
Feb 1 2007 // Marsh & McLennan Companies, Inc. (MMC) announced today that Great-West Lifeco Inc., a financial services holding company controlled by Canada-based Power Financial Corp., has signed a definitive agreement to purchase...
Kingsway Acquires St. Paul Travelers’ Non-Standard Auto Unit, Mendota
Jan 24 2007 // Canada’s Kingsway Financial Services, Inc. has agreed to acquire Mendota Insurance Co., a wholly owned subsidiary of The St. Paul Travelers Companies, Inc. The transaction includes Mendota’s wholly owned...
Willis Strengthens Montreal Presence
Jan 19 2007 // Global insurance broker, Willis Group Holdings is strengthening its presence in Montreal, Quebec, Canada with several new appointments. Luc Brunet and Jacques Simard have been named to the positions of Sr. VP and Account...
