News

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 …

Scotiabank hopes entering insurance market will help gain banking clients

Scotiabank is hoping its foray into Ontario’s P&C market will net the company a few new banking customers, said Scotiabank senior vice president …

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 …

RBC Insurance plans management overall

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

New stress test from OSFI; Intact takes on debt; Quarterly report from Swiss Re, AIG and Pethealth

New stress test from OSFI
The Office of the Superintendent of Financial Institutions published a draft guideline, on August 26, which sets out …

Tornado Clean-Up, Damage Tally, Continues in Ontario

Clean up crews have picked up the downed trees and debris, and restoration crews have moved in to repair roofs and siding—but roughly a …

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