Industry
AXA Canada has received the federal government’s approval to close the acquisition of The Citadel General Assurance Company. The agreement, entered into with Winterthur Group, involves a consideration of approximately CD$310 million. The new entity will include more than 2,000 employees and a distribution network of 1,400 brokers throughout Canada. AXA Canada says this is […]
March 31, 2006
2 min read
Insurers for Nortel Networks Corp. will pay CD$228.5 million toward a proposed shareholder lawsuit settlement. In February, Toronto-based Nortel said it would settle with payments of CD$575 million cash from reserves and issue CD$628.7 million common shares. The Ontario-based company also said it would contribute half of any recovered funds relating to lawsuits against former […]
1 min read
Risk
The Canadian Trucking Alliance recently called upon the country’s provincial governments to take action on the problem of speeding trucks. The alliance, a federation of Canada’s provincial trucking associations, has endorsed a national policy to pass a law enforcing the mandatory activation of speed limiters on all trucks operating in, out and within a Canadian […]
Insurance brokers across the country are enjoying a refreshing period of quiet, stable markets. At the same time, Canadian brokers, faced with gradually declining rates – particularly in commercial and residential lines – are waiting for the proverbial other shoe to drop. Noting the cyclical nature of the insurance business, brokers seem to be awaiting […]
By David Gambrill | March 31, 2006
12 min read
Auto
Captain's Log, Stardate 27.04.06: Philippa Samworth receives the Ontario Bar Association's inaugural Award for Excellence in Insurance Law
7 min read
All eyes are on the Supreme Court, as it ponders social host liquor liability
10 min read
Why banks shouldn't sell insurance in their local branches
By Robert J. Kimball, President, Insurance Brokers Association of Canada (IBAC) | March 31, 2006
3 min read
Canada's insurers must look beyond combined ratios, ROE to determine industry success, IBC says
4 min read
Toronto Insurance Conference helps the Community Safety Village of York Region educate children in the ways of safety
6 min read
Katrina. Rita. Wilma. These names are now associated with some of the worst – and most costly – natural disasters in history. On a global scale, natural catastrophes and man-made disasters set records in 2005. Hurricanes might have captured headlines, but each geographic area had its own set of issues – from mudslides in Switzerland […]
By Sean Russell, and Thomas Holzheu | March 31, 2006
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