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RBC General Insurance Company

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Loblaw to keep operating PC Financial home & auto brokerage after ending banking relationship with CIBC

August 17, 2017 by Canadian Underwriter

PC Financial Insurance Broker Inc. – which places home and auto insurance in Ontario, Alberta and Atlantic Canada – will continue to be owned and operated by grocery and drug retailer Loblaw Companies Ltd., a PC Financial spokesperson told Canadian Underwriter Wednesday.
President’s Choice Bank, a Loblaw unit, announced Wednesday it has ended its 20-year relationship with the Canadian Imperial Bank of Commerce.
“Everyday banking products, including savings, chequing and mortgage accounts, previously offered under the President’s Choice Financial brand will continue to be provided by CIBC, under new branding…

News AppointmentsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Desjardins’ acquisition of Western Financial caused ‘headaches’ for brokers: Baker

April 19, 2017 by Canadian Underwriter

If Trimont Financial Ltd. acquires Western Financial Group, Desjardins Group officials will have “more time to focus on further integrating State Farm,” MSA Research Inc. suggested in a recent report released Tuesday. “Slowly but surely, the complexion of the industry

News InsuranceMarkets / Coverages

Aviva marketing team-branded home, auto insurance to fans of Raptors, Maple Leafs

January 19, 2017 by Canadian Underwriter

Aviva Canada Inc. announced Wednesday it is offering “team-branded” home and auto insurance directly to fans of Toronto’s Raptors and Maple Leafs teams. In a partnership with Maple Leaf Sports and Entertainment, Aviva Agency Services Inc. will offer and administer

News InsuranceLegalMergers and Aqcuisitions

Supreme Court could decide whether denial of catastrophic impairment status triggers two-year limitation period in Ontario auto dispute system

September 20, 2016 by Canadian Underwriter

A disputed Ontario auto insurance claim, in which the carrier denied a claimant’s request for catastrophic impairment status, could reach the Supreme Court of Canada. Court records indicate that RBC General Insurance Company sent correspondence to Zofia Machaj denying her

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Combined ratio for Aviva plc for Canada up 3.9 points to 95.8% in first half of 2016

August 8, 2016 by Canadian Underwriter

Aviva plc has reported a general insurance combined ratio of 95.8% for Canada for the first six months of 2016, up 3.9 points from the H1 2015 combined ratio of 95.8%. In particular, the combined operating ratio for the first

News Earnings / RatingsInsuranceLegalMergers and Aqcuisitions

RBC completes sale of RBC General Insurance Company to Aviva Canada

July 4, 2016 by Canadian Underwriter

Royal Bank of Canada announced Canada Day that the company has completed the previously announced sale of RBC General Insurance Company to Aviva Canada Inc. The RBC Insurance offerings involved in the sale include certain home and auto insurance manufacturing