Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Assurex Expands in U.S., Canada
May 23 2001 // Assurex International, the partnership of independent risk management services and commercial brokers, announced that new members in Kentucky, Minnesota and British Columbia had joined the organization. The group...
Canada Fairfax Reports 1Q 2001 Earnings
May 7 2001 // Canada’s Fairfax Financial Holdings Ltd. reported net income for the first quarter ended March 31 of $30.9 million (or $2.11 per share), down from $35.9 million (or $2.58 per share) for the same period in 2000. The...
Economical buys Hartford Canadian Unit
Mar 5 2001 // The Economical Insurance Group, the sixth largest property and casualty insurer in Canada, will acquire Hartford Insurance Company of Canada, a subsidiary of The Hartford Financial Services Group. Economical aims to pick...
Visions Clear for NAFTA Insurance
Mar 5 2001 // The media reports have died down since the Feb. 6 ruling that the United States was in violation of the North American Free Trade Agreement by disallowing Mexican trucks free access to American roadways. The work has just...
NAFTA Panel: U.S. in Violation of Treaty
Feb 19 2001 // On Feb. 6, a North American Free Trade Agreement arbitration panel upheld an interim ruling opening the United States border to Mexican trucks. Many in the insurance industry say they will cautiously review the changes the...
NAFTA Ruling Expected to Allow U.S. Access to Mexican Trucks
Feb 12 2001 // A North American Free Trade Agreement arbitration panel is expected to uphold an interim ruling from November allowing Mexican trucks to operate in the United States. Many in the insurance industry say they will cautiously...
Lloyd’s Names Smith Attorney in Fact in Canada
Jan 31 2001 // Lloyd’s has named Nicholas Smith as its Attorney in fact in Canada for Lloyd’s Underwriters effective June 1, 2001. He will succeed Mark J. Oppenheim CA, who has filled the position since 1992. Smith, who...
Standard Life (Canada) Investigates Hidden Charges
Jan 10 2001 // The Canadian subsidiary of the U.K.’s Standard Life Assurance Co. has begun an investigation into allegations that it charged some policy holders “miscellaneous fees” without informing them. The review...
CGNU Sells Canadian Life Units
Dec 27 2000 // In accordance with its plans to concentrate on p/c insurance in Canada, CGNU, the U.K.’s largest p/c insurer, announced the sale of two Canadian life units. Manulife Financial has acquired the former CGU subsidiary...
Canada Life Rules Out Indian Venture
Dec 11 2000 // The Canada Life Insurance Co. has decided not to pursue plans for a joint venture in India for the time being, citing its expansion commitments into reinsurance and the Brazilian and German insurance markets as the...
Glamour & Risk: Insuring HollywoodProduction Companies
Nov 13 2000 // For many film lovers, the holiday season is synonymous with the release of Hollywood’s latest screen confections. As production companies scramble to satiate the consumer appetite for thrilling visual effects and...
Border Crossing
Oct 23 2000 // NAFTA Still Hobbled By Stafety Concenrns, Cross-Border Insurance Isues The provisions of the North American Free Trade Agreement have been in place for several years, but Mexico and the United States have yet to simplify...
ING Canada, Local Brokers Bid For Equisure
Oct 2 2000 // ING Canada, a subsidiary of Holland’s ING Group, and seven Canadian insurance brokers have made a joint bid for all of the shares of Equisure Financial Network, one of Canada’s leading insurance brokers and...
Canada Life Launches Joint Venture in India
Sep 25 2000 // Canada Life announced that it has formed a joint venture with Centurion Bank Ltd, TCFC Finance Ltd. of Mumbai and the ARDEE group of New Delhi to establish Canada Centurion Assurance Company in India. Under newly...
ACORD, CSIO to Collaborate on XML Standards for North America
Sep 8 2000 // Gregory A. Maciag, president and CEO of ACORD, and Klaas Westera, president and CEO of the Centre for Study of Insurance Operations (CSIO), jointly announced that discussions are underway between CSIO and ACORD to...
Fairfax Lowered
Aug 7 2000 // The counterparty credit and senior un-secured debt ratings on Fairfax Financial Holdings Ltd. (Fairfax) were lowered from “BBB+” to “BBB-” by S&P, which also revised the outlook from negative...
Royal Bank of Canada To Buy Liberty Insurance Units
Jun 20 2000 // South Carolina’s Liberty Corp. announced that it plans to sell its insurance units, which include Liberty Life Co. and Liberty Insurance Services Corp., to Toronto based Royal Bank of Canada for a reported $650...
CGNU To Pull Out of Canadian Life Market
Jun 15 2000 // Reaffirming its market strategy, CGNU, the company formed by CGU’s merger with Norwich Union, announced that it plans to leave the Canadian Life market in order to focus resources elsewhere. According to a Reuters...
State Farm to Return Over $1 Billion to Policyholders
Jun 13 2000 // State Farm Mutual Automobile Insurance Co. will pay dividends of just over $1 billion to auto insurance policyholders in 49 states, the District of Columbia and three Canadian provinces. The return of premiums, approved...
Kingsway Acquires Long-Haul Trucking Renewal Rights
May 18 2000 // Kingsway General Insurance Co., a subsidiary of Kingsway Financial Services, has acquired the renewal rights for AXA Canada subsidiaries’ long-haul trucking portfolio in Canada. The portfolio, made up of fleet...
