News

North American Insurers Challenge IASB Changes

Major Canadian and U.S. insurers and reinsurers are balking at new international accounting standards for insurance contracts.
The insurers—members of the Group of North American …

Economic Outlook; Manitoba Public Insurance drops $120 million in investment income; Horizon and Ryan Gateway merge; 2nd Demographics Report

Swiss Re’s Canadian Economic Outlook
Following three consecutive quarters of contractions, the Canadian economy seems to have begun a rebound, according to the September …

Two Tornadoes & Building Failures Contributed: Vaughan Damage Report

The damage investigation following the August 21, 2009 severe storm that damaged areas of Vaughan, Maple Ridge and Woodbridge, Ont., shows that …

Bulletin: Western Financial Group Moves Forward with HED Inc. Deal; Kingsway Sells Zephyr Insurance; AXA Assistance Offers H1N1 Hotline

Western Financial Group Moves Forward with HED Inc. Deal
Western Financial Group is pushing forward with its growth strategy with the acquisition major Winnipeg broker …

Bulletin: Fairfax to buy Odyssey; Fast food causes accidents; Facebook users could pay more for insurance

Fairfax Financial to raise $1 billion for Odyssey buy
Investment management company Fairfax Financial Holdings Ltd. will raise $1 billion (US) through an equity …

Market stable, despite difficult year: A.M. Best

Despite a decline in capitalization, uncertainty over regulatory reform and increased cost pressures, A.M. Best analysts believe that the overall outlook for the …

Fairfax set to enter Chinese insurance market

Toronto-based Fairfax Financial Holdings Ltd is set to enter the Chinese insurance market with the purchase of a 15% interest in Alltrust Insurance …

Bulletin: Co-operaters completes buy; Debt collection up; The Good We Do

The Co-operators completes buy of VSIL
The Federated Agencies Limited, a subsidiary of The Co-operators, has completed its purchase of Vancity Insurance Services Ltd. …

Recession Still Pinching Insurers: Celent Report

Global bankers may be announcing the recession’s end, but insurers are slower to agree, even though they’re more positive about the industry’s longer-term …

Bulletin: The Co-operators Takes Another Step Toward Sustainability

A leading environmental group has added The Co-operators to its network of corporate and public interest leaders working toward sustainability. The Guelph, Ontario-based …

Copyright © 2017 Transcontinental Media G.P.
Transcontinental Media G.P.