Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
S&P Lowers Canada’s Gore Mutual Ratings to ‘BBpi’
Dec 3 2004 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Gore Mutual Insurance Co. to ‘BBpi’ from ‘BBBpi’ (the...
Speakers Highlight Problems Faced in 2004; Goals for 2005 at IBC Annual General Meeting
Dec 2 2004 // The members who attended the Insurance Bureau of Canada’s annual general meeting yesterday, Dec.1, heard President and CEO Stan Griffin describe a difficult year for the country’s insurers, followed by outgoing...
People & Places
Nov 22 2004 // Tom Weigley Portland, Ore.-based Heffernan Insurance Brokers announced the appointment of Tom Weigley as assistant vice president of its Portland office. Weigley will specialize in development of large accounts within the...
GE Insurance Solutions Details Additions to Global Management Staff
Nov 18 2004 // GE Insurance Solutions has announced the addition of expertise to its Property Insurance & Services, Global Asset Protection business unit. Field Operations Leader Tim Heinze said the unit has had a “great...
Canadian P&C Insurance Industry Promises to Unveil Disclosure Plan Today
Nov 12 2004 // On November 12, 2004, insurance industry representatives will unveil what they say is a plan to demonstrate the industry’s commitment to ensuring that Ontario consumers enjoy the highest level of transparency and...
Canadian Insurance Industry Announces Disclosure Plan
Nov 12 2004 // The Insurance Bureau of Canada today revealed details of a plan to provide enhanced clarity and access to information in insurance sales and service. Components of the plan include a Code of Consumer Rights and...
ASCnet Conferees Hear How to Manage a Profitable Business
Nov 8 2004 // The latest technologies to allow independent agents and brokers to efficiently manage and ensure a profitable business were presented to more than 1,800 conferees attending the Applied Systems Client Network’s...
ASCnet Conferees Hear How to Manage a Profitable Business
Nov 8 2004 // The latest technologies that allow independent agents and brokers to efficiently manage and ensure a profitable business were presented to more than 1,800 conferees attending the Annual Technology, Education and Networking...
Hub Acquires Canadian Broker TILCO
Nov 3 2004 // Hub International Limited announced that its Canadian life and financial services wholesale brokerage, Hub Financial, Inc., has acquired TILCO Financial Services Ltd. of Victoria, British Columbia. Terms of the cash...
IBC: Subaru Impreza Tops List of Most Stolen Vehicles
Oct 20 2004 // The Subaru Impreza WRX 4DR AWD holds two dubious distinctions this year: the top spot on Insurance Bureau of Canada’s (IBC) top 10 list of the country’s most frequently stolen vehicles, as well as topping the...
Fla. Agency Wins Chubb Charity National Golf Challenge
Oct 20 2004 // J. Rolfe Davis Insurance of Maitland, Fla. was the top finisher in the Fifth Annual Chubb Charity Challenge, which raised more than $800,000 for charities in the United States and Canada. Golf teams representing insurance...
Endurance Receives License to Operate in Canada; Opens Branch Office in Toronto
Oct 19 2004 // Bermuda-based Endurance Specialty Holdings Ltd. announced that its wholly owned U.S. subsidiary, Endurance Reinsurance Corporation of America (Endurance Re), has opened a branch office in Toronto, Canada, following the...
Best Moves Ratings for Allianz Canada Subsidiaries Under Review
Oct 13 2004 // A.M. Best Co. has placed the financial strength ratings of A- (Excellent) of Allianz Insurance Company of Canada and B+ (Very Good) of its affiliate company, Trafalgar Insurance Company of Canada (both of Toronto), under...
ASCnet Honors Litwin with Leadership Award
Oct 12 2004 // Applied Systems Client Network (ASCnet), the user group of Applied Systems management technology, announced independent agent Jo Ann Litwin, president of Litwin, Castle & Christ in Orchard Park, N.Y., as the third...
ING to Acquire Most of Allianz Canada, S&P Puts Insurer on CreditWatch
Oct 10 2004 // The Netherlands’ ING Group and Germany’s Allianz announced that they have concluded a definitive share purchase agreement for the acquisition of Allianz’ property and casualty (P&C) insurance...
IBC to Hold 4th Annual Regulatory Affairs Symposium
Sep 20 2004 // The Insurance Bureau of Canada will be hosting its 4th annual Regulatory Affairs Symposium on Thursday, November 4, 2004 from 8:45 a.m. to 1:30 p.m. (luncheon included) at the Toronto Sheraton Centre Hotel. An IBC bulletin...
Fugitive Sought in Alleged Insurance Scam Arrested
Sep 16 2004 // An international manhunt for a fugitive sought in an alleged $20 million nationwide insurance fraud has ended with his arrest in Canada, according to federal and state authorities in California. A federal complaint filed...
Toronto Bank Buying Majority of Banknorth
Sep 2 2004 // Officials at Banknorth Group, Inc. (NYSE: BNK) of Portland, Maine, and TD Bank Financial Group (TDBFG) of Toronto announced that they have signed a definitive agreement for TDBFG to acquire 51 percent of the outstanding...
Best Announces Ratings on 55 Canadian P/C Insurers
Aug 9 2004 // A.M. Best Co. has “affirmed the financial strength ratings of 38 Canadian insurers, downgraded the ratings of four, upgraded the ratings of nine and assigned initial ratings to four Canadian property/casualty...
Kingsway Notes Record Income for Q2
Aug 6 2004 // Toronto-based Kingsway reported record net income for the second quarter of the year and first six months. Net income increased by 22% to $33.3 million, compared to $27.3 million reported in the second quarter of last...
