News

Mental Health Takes a Backseat in Tough Times

Canadian workers who are currently paying for treatment of physical illness are more likely to ignore symptoms of depression, which can result in rising costs …

Commercial Insurers Face Turbulent Year: Advisen

Commercial P&C insurers should brace for a “turbulent”2009 that will see falling revenue, dropped markets and continued fallout from the credit crisis, say analysts …

New Brunswick Report Stokes Minor Injury Cap Discussion

The minor injury cap issue has re-emerged in New Brunswick, where the province’s consumer advocate for insurance questions the province’s cap wording in his latest …

FSCO Review Eyes Consumer-Friendly System

Faster, simpler and cheaper. That’s the Financial Services Commission of Ontario’s (FSCO) vision of how the auto insurance system should operate, according to its …

Hub International buys two firms

Hub Financial, the Canadian-based managing general agency and subsidiary of Hub International Limited, has completed the acquisition of Best Advice Financial Services, based in Toronto.
The …

Swiss Re Trims Workforce

Swiss Re will trim 10% of its international workforce in a bid to simplify and streamline operations, the reinsurer announced Thursday.
Going forward, the company …

Policies will work: BOC

Given the rapid onset of what is being hailed as the worst recession since the Great Depression, it’s easy to understand why Canadians may have …

BMO Completes AIG Acquisition

In an all-cash deal estimated at $329.5 million CDN, BMO Financial Group said today that it has officially purchased AIG Life Insurance Company of Canada …

Outlook: Markets to harden further in 2009

Canada’s property and casualty insurance market will continue to harden in 2009 as insurers look to prop up eroding capital levels, according to industry experts. …

U.S. Reinsurers Make Premium Gains

A sampling of P&C reinsurers in the U.S. saw net premiums written rise by $1.2 billion in 2008, according to the Reinsurance Association of America. …

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