News

North American Insurers Challenge IASB Changes

Major Canadian and U.S. insurers and reinsurers are balking at new international accounting standards for insurance contracts.
The insurers—members of the Group of North American …

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 overall

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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