A class action lawsuit has been filed against Canada’s top indemnity insurers for breach of contract in their refusal to pay business interruption claims from the COVID-19 crisis. “Indemnity insurers are wrongfully refusing to honor their contracts,” said E.F. Anthony …
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Toronto-based Fairfax Financial Holdings Limited, and has also affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and ICRs …
Northbridge Insurance, which comprises the existing “broker companies” of Lombard, Markel and Commonwealth, is preparing for the combination of the three into a united brand as of January 1st, 2012. In connection with the amalgamation Northbridge announced that Jean-Francois Béliveau …
