What’s New: In Brief (May 29, 2009)

Cathy S. Ramsundar was appointed president of the Toronto Insurance Women’s Association (TIWA).
TIWA is the Toronto chapter of the Canadian Association of Insurance Women (CAIW).
She received the appointment at the association’s annual general meeting on May 19.
Ramsundar is an associate insurance broker with Mitchell Sandham Inc. in Ajax, Ontario. She has worked in the general insurance arena since 1974.
Nancy Carnahan has assumed the role of TIWA’s first vice president and Michelle Cole-Kennedy its second vice president.

Co-Operators General Insurance Company has issued an additional 600,000 shares in order to raise Cdn$15 million.
The shares are non-cumulative 5-year rate reset class E preference shares, series D.
The series D Preference shares yield 7.25% per annum, payable quarterly, as and when declared by the board of directors for the initial to, but excluding, June 30, 2014.
On June 30, 2014 and on June 30 every five years thereafter, the dividend rate will reset to be equal to the then current five-year Government of Canada bond yield plus 5.21%.