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What’s new: In brief (January 18, 2007)


January 18, 2007   by Canadian Underwriter


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The Co-operators are making major overtures to sustainable energy operations with grants totaling $50,000 to three
Ontario-based wind energy organizations, according to a recent press release.
The Toronto Renewable Energy Co-operative (TREC) is a not-for-profit
energy co-operative that erected the first urban wind turbine in North
America. The Co-operators second grant of $10,000 will support
education, outreach and volunteer development for TREC .
Located in south-western Ontario, the Countryside Energy Co-operative
(CEC) is developing the first community-owned wind co-operative in North
America. The Co-operators grant of $20,000 in support of project management and technical assessments makes CEC eligible for matching funding from the Ontario Ministry of Agriculture, Food and Rural Affairs.
Since its inception, The Co-operators Co-operative Development Fund has
invested more than $1 million in emerging and expanding Canadian
co-operatives.

Kingsway Financial Services Inc. has entered into an agreement with
The Robert Plan Corporation (‘RPC’) whereby Kingsway has acquired the renewal rights of RPC’s assigned risk business, the company recently announced.
As part of these arrangements, RPC has been given the authority to market the assigned risk programs on behalf of Kingsway, and Kingsway has assumed certain operating functions related to this business. RPC has also been granted an option for a limited period of time to repurchase these rights and acquire these operating functions from Kingsway.
“We are pleased to have solidified our arrangements with RPC”, said Bill
Star, president and CEO of Kingsway Financial. “This transaction strengthens our relationship with RPC and further illustrates our commitment to the assigned risk business in the United States.”


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