News

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. …

Keeping Employees Engaged in a Downturn

As the economic downturn continues, it’s critical that employees remain engaged in order to keep morale and productivity high, according to a report from Watson …

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. …

G20 Leaders Urged to Harmonize Insurance Regulation

Insurance associations from around the world-including the Insurance Bureau of Canada (IBC)-want leaders meeting at this week’s G20 Summit to consider internationally harmonized regulation for …

Briefly…Saskatchewan Shelves Enhanced Drivers Licence

Government officials in Saskatchewan have shelved plans for an enhanced drivers licence in the province, citing costs and red tape. The enhanced licence would have …

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