Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
California Man Pleads Guilty
Sep 5 2005 // John Arcurio, of Fillmore, California, plead guilty June 22, to two felony counts of workers’ compensation fraud and insurance fraud. Arcurio was arrested in Kern County and transferred to the County of Ventura...
Allied World Announces Three Management Changes
Aug 25 2005 // Allied World Assurance Company, Ltd. [AWAC] has announced the following management changes: — Daniel Brandon has been promoted to the position of senior vice president, Professional-Specialty Lines Treaty...
ING Insurance, ING Novex Reimbursing Ontario Clients
Aug 23 2005 // ING Insurance Company of Canada and ING Novex announced that together they are reimbursing 180,000 Ontario clients as a result of the miscalculation of a discount from August 2003 until April of this year. This impacts...
Business Moves
Aug 8 2005 // Berkshire Hathaway, General Electric Omaha, Neb.-based Berkshire Hathaway and Kansas City, Mo.-based General Electric announced that GE Insurance Solutions’ sale of Medical Protective Corporation to Columbia...
Kingsway Sees 10% Gain in Q2
Aug 4 2005 // Canada-based Kingsway Financial Services Inc. announced financial results for the second quarter and six months ended June 30, 2005 (Canadian dollars except where indicated). Q2 2005 Highlights: * Diluted earnings per...
Canadian Auto Insurers, Consumer Group Clash Over Ontario Premiums
Jul 24 2005 // Canada’s auto insurers are disputing a recent study that showed Ontario drivers’ auto insurance rates are as much as 45 percent higher than those for British Columbia motorists. The Insurance Bureau of Canada...
Royal & SunAlliance Canada Adds ING Commercial Marine Business
Jul 14 2005 // ING Canada announced that Royal & SunAlliance Canada (R&SA) has acquired the renewal rights of ING Insurance Company of Canada’s $13-million commercial marine insurance business, effective Sept. 1,...
Best Takes Various Actions on 52 Canadian P/C Insurers
Jul 11 2005 // A.M. Best Co. has affirmed the financial strength ratings of 36 Canadian insurers, downgraded the ratings of four, upgraded the ratings of nine and assigned ratings to three Canadian property/casualty insurers. These...
International Newsbriefs
Jul 4 2005 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...
Best Affirms Ratings of Northbridge Affiliates; Revises Outlook to Positive
Jun 29 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) of “A-” (Excellent) and has assigned issuer credit ratings (ICR) of “a-” to the companies comprising Canada’s...
Coface to Cover Export Development Canada Domestic Receivables
Jun 29 2005 // Export Development Canada (EDC), Canada’s export credit agency, and the Canadian arm of Compagnie Française d’Assurance pour le Commerce Extérieur SA (Coface), an international business-to-business trade...
Best Downgrades Some AXA Canada P/C Subsidiaries
Jun 27 2005 // A.M. Best Co. announced that it has downgraded the financial strength ratings of several of AXA Canada Inc.’s wholly owned property and casualty insurance subsidiaries. The rating action affects the following...
Best Affirms ING Canada Ratings, Including Acquired Allianz Operations
Jun 22 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Superior) and has assigned issuer credit ratings (ICR) of “aa-” to the ING Canada Group. Best also said it had...
R.I. Draft Rules for Importing Canadian Drugs Include Product Liability
Jun 16 2005 // The Rhode Island Health Department has drafted guidelines that would govern drug imports from Canada, and help ensure the medications meet quality and safety standards in Rhode Island. The proposed rules would be another...
Chippindale to Head Integro’s Toronto Office, Canadian Operations
Jun 16 2005 // Integro USA announced today that John Chippindale has joined the company as Managing Director and President of Integro Canada. He becomes the latest in a succession of ex-Marsh executives to join the new international...
Canadian Supreme Court Ruling Strikes Down Healthcare Restrictions
Jun 10 2005 // In what could be a landmark decision, Canada’s Supreme Court has ruled that a patient awaiting a hip replacement operation in Quebec is entitled to obtain private health insurance to help defray the cost. Such...
S&P Assigns Rating of ‘A+’ for ING’s Canadian Subs
May 26 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “A+” long-term counterparty credit and financial strength ratings to the following Canadian subsidiaries of the Netherlands ING...
Kingsway Grows Net Income by 52%
May 5 2005 // Toronto-based Kingsway Financial Services Inc. announced financial results in Canadian dollars for the first quarter ended March 31, 2005. The company has decided to defer its change to U.S. dollar reporting until the end...
Page Named New Optimum General President, CEO
May 2 2005 // Canadian P/C insurer Optimum General Inc. has named Jean-Claude Page as its new president and CEO, following the retirement of David B. Liddle. The change was effective April 29, and was announced at the company’s...
Arch Enters Canadian Market
Apr 28 2005 // Arch Insurance Group, a division of Bermuda’s Arch Capital Group Ltd., has announced its entrance into the Canadian insurance marketplace. The plans were revealed at the recent RIMS Conference in Philadelphia. Arch...
