News

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 …

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. …

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 …

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. …

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 …

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 …

Ontario Offers Tax Cuts, Sales Tax Harmonization

The province of Ontario will face a massive deficit over the next seven years, as the government struggles to right the economy.
Finance Minister Dwight …

Briefly…$50 Million in AIG Bonuses Recouped

AIG employees who received the contentious retention bonuses have agreed to return roughly $50 million of the bonus pool.
The majority of those who got the …

Briefly…Mixed Results for Western Financial Group

The Western Financial Group reported “modest growth” in its business units, posting a 9% increase in earnings-to $125 million-in 2008. Though operating income at the …

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