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Wawanesa Mutual Insurance Company

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Wawanesa subsidiary acquires Western Financial Group

November 5, 2017 by Canadian Underwriter

Trimont Financial Ltd., a subsidiary of the Wawanesa Mutual Insurance Company, announced on Wednesday the formal closing of its previously announced agreement to purchase Western Financial Group and Western Life Assurance (collectively “Western”) from Desjardins Financial Corporation, a Desjardins Group

News AppointmentsInsuranceMergers and AqcuisitionsProfessional Development

Wawanesa names Chris Henn as president of U.S. operations

August 24, 2017 by Canadian Underwriter

Wawanesa Mutual Insurance Company, one of the largest property and casualty insurers in Canada with a growing presence in the United States, announced on Thursday that Chris Henn has been appointed president of its U.S. operations effective Aug. 31. Prior

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Collaboration leads to milestone achievement to define data exchange standards between companies, brokers

August 23, 2017 by Canadian Underwriter

The long-standing objective of standardized real-time data exchange between insurance brokers and companies has taken a big step forward with Tuesday’s announcement that initial testing of the process has been successfully completed. A team of players in Canada’s p&c insurance

News CatastrophesInsuranceMergers and Aqcuisitions

Q1 combined ratio ex-MYA 101.6% for Desjardins General Insurance

May 16, 2017 by Canadian Underwriter

Desjardins General Insurance Group reported Thursday an underwriting loss, excluding market yield adjustment, of $17.2 million during the three months ending March 31, while premiums dropped 11% from the same period of last year. Direct premiums written dropped from $1.04

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 InsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

More than 23 million eDocs transmitted in 2016: CSIO chair

April 16, 2017 Greg Meckbach, Associate Editor

The Centre for Study of Insurance Operations held its annual general meeting Thursday, acclaiming the president of the Insurance Brokers Association of Ontario as a new board member and announcing the use of its eDocs standard was up about 45%

News CatastrophesInsuranceMergers and AqcuisitionsProfessional DevelopmentReinsurance

Intact reports Q1 cat losses of $88 million, aims to double direct-to-consumer business in ‘near term’

April 7, 2017 by Canadian Underwriter

Intact Financial Corp. recently reported its catastrophe losses, net of reinsurance, were $88 million for the first three months of 2017. Toronto-based Intact also says it wants to “double” its direct-to-consumer business in the “mid-term” and is nominating Sylvie Paquette,

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Wawanesa subsidiary Trimont Financial to acquire Western Financial Group and Western Life Assurance from Desjardins Group

February 16, 2017 by Canadian Underwriter

Trimont Financial Ltd., a subsidiary of The Wawanesa Mutual Insurance Company, announced on Thursday that it will acquire Western Financial Group and Western Life Assurance (together as Western) from Desjardins Financial Corporation, a Desjardins Group subsidiary, for a total transaction