News

Briefly… Western Financial Group Acquires Bakes-Jarvie

Financial services powerhouse Western Financial Group has acquired Nanaimo,
B.C.-based Bakes-Jarvie Insurance Brokers Ltd. The deal—which took

M&A on the Rise in Emerging Markets

Despite a slowdown in global mergers and acquisitions activity, emerging
countries have exhibited a steady upward trend in …

AIG to Spin Off Operations

AIG will spin off its major operations into independent companies in
what CEO Edward Liddy calls “the most …

RSA Posts Gains for 2008

RSA has bucked recent economic trends, ending 2008 with growth on key
fronts and profits for the group …

AIG P&C Spin-off Includes Canadian Operations

AIG’s Canadian commercial operations will join the rest of its
commercial and P&C units under AIU Holdings, Inc., …

Ratings Agencies Respond to AIG Plan

Despite AIG’s heavy losses—including a net loss of US$99.3
billion for 2008–ratings agencies are cautiously supporting the company’s

Canadian Economy Posts Biggest Decline Since 1991

Canada’s economy contracted at an annual pace of 3.4% in the fourth
quarter of 2008-its worst performance since …

AIG’s Sale of Asian Business on Hold: Globe and Mail

In an apparent effort to buy time and attract a better offer, American
International Group (AIG) is handing …

Congressmen Seek AIG Bailout Study

How will the AIG bailout ultimately affect other insurers? Two U.S. congressional leaders are asking the Government Accountability Office (GAO) to study the troubled company’s …

Briefly…Ratings Shift for Swiss Re Canada

Ratings agency A.M. Best has withdrawn rankings for Swiss Re Canada in the wake of the company’s transfer of business to parent company Swiss Re. …

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