What’s New: In Brief (June 05, 2009)

Kingsway Financial Services has withdrawn its Standard and Poors and DBRS Ratings.
Kingsway announced on June 4 that its board unanimously authorized management to withdraw ratings provided by Standard and Poors and by DBRS in connection with its outstanding debt and securities — including its outstanding debt and units of the Kingsway Limited Return of Capital Trust.
“The board has taken this decision as part of its ongoing cost-cutting strategy,” the company announced in a press release.

The first two Co-operators representatives in the province of Quebec are scheduled to open their doors in June.
One office will open for business in Aylmer on June 9. The second will open in Gatineau one week later, on June 15.
The Co-operators currently has 480 exclusive agents providing insurance and financial services in 383 communities throughout Canada’s other nine provinces.
Thus far in Quebec, The Co-operators group of companies has been best known through its insurance subsidiaries L’Union Canadienne, The Sovereign General, TIC Travel Insurance Coordinators and COSECO, as well as investment management firm Addenda Capital.