News

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 …

Markel to Acquire Elliott Special Risks

Specialty insurer Markel International has agreed to acquire Elliott Special Risks in a deal worth $75 million, the two companies announced September 1.
The …

RBC Insurance plans management overhaul

RBC Insurance has undertaken a major overhaul of its executive suite, designed to integrate executive functions, and design and delivery strategies across the …

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