Topic Insurers
Use of credit derivatives limited: Fitch
July 23, 2009 by Canadian UnderwriterThe use of credit derivatives as a proportion of total derivatives was very limited in the 2009 Q1 filings of 100 companies, and its use was seemingly concentrated more among banks than insurance companies, according to a review of the…
B.C. credit union sells P&C subsidiary to The Co-operators
July 21, 2009 by Canadian UnderwriterVancity, Canada’s largest credit union, has agreed to sell Vancity Insurance Services Limited (VISL) — its subsidiary for home, auto, travel and business insurance — to The Co-operators.The price tag of the deal, which is subject to regulatory approvals, was…
What’s New: In Brief (July 20, 2009)
July 20, 2009 by Canadian UnderwriterAon Reed Stenhouse Inc. has acquired IAO Actuarial Consulting Services. The terms of the deal were not announced.IAO’s capabilities will be integrated into Aon’s Global Risk Consulting business, which provides a range of services from risk identification and control to…