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Kingsway Financial Services to acquire Mendota Insurance Company

January 24, 2007 by Canadian Underwriter

Kingsway Financial Services Inc. announced it has reached an agreement to acquire Mendota Insurance Company, a wholly owned subsidiary of the St. Paul Travelers Companies Inc.The transaction includes Mendota’s wholly owned subsidiaries, Mendakota Insurance Company and Mendota Insurance Agency Inc.

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Lloyd’s emphasizes unpredictability of political risk

January 23, 2007 by Canadian Underwriter

Despite the insurance industry’s efforts to predict potential risks with a view to preparing for the worst, political risks remain a highly unpredictable area according to a recent posting on Lloyd’s Web site.Lloyd’s online article, “Preparing for Political Risk,” is

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Toronto police chief committed to ending highway deaths

January 23, 2007 by Canadian Underwriter

More Canadians will die in car accidents than by any other criminal offence, Bill Blair, Toronto’s chief of police told the Insurance Brokers of Toronto and Region (IBTR). He put the onus on the drivers to take care behind the

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Stewart-Greenslade acquires N.D. Taylor Ltd. of Manitoba

January 18, 2007 by Canadian Underwriter

Stewart-Greenslade Insurance Brokers Ltd. has purchased N.D. Tyler Ltd. of Portage La Prairie, Manitoba, according to an online report in The Daily Graphic.“We’re very excited,” Brent Gilbert, president of Stewart-Greenslade, told Shannon VanRaes of the Portage La Prairie newspaper. “N.D.

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What’s New: In Brief (January 17, 2007)

January 17, 2007 by Canadian Underwriter

Gore Mutual Insurance Company has donated Cdn$1 million to their charitable Foundation.This is the third year in a row the company has made a Cdn$1-million contribution to the Gore Mutual Foundation.The Foundation was established to support worthwhile causes in the

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ING announces major shifts within executive staff

January 16, 2007 by Canadian Underwriter

ING Canada has announced a major shuffle of its senior executive staff, with Charles Brindamour assuming the newly created role of COO, Derek Iles accepting the title of president of ING Insurance, and the retirement of two executive staff members

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What’s new: in brief (January 12, 2007)

January 12, 2007 by Canadian Underwriter

Gore Mutual Insurance received top honours from the Insurance Brokers Association of Ontario (IBAO) in their 2006 Rate Your Companies Survey.“We are very proud to be given this honour,” Kevin McNeil, president and CEO of Gore Mutual, said in a

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Industry experts predict an extension of T.R.I.A.

January 11, 2007 by Canadian Underwriter

Leaders of the U.S. property and casualty insurance industry expect Congress to extend the Terrorism Risk and Insurance Act this year, according to an Insurance Information Institute (I.I.I.) survey.Of the executives polled, 89% are confident that the government will move

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Manitoba Public Insurance financial performance is stable

January 10, 2007 by Canadian Underwriter

Manitoba Public Insurance has reported stable financial results as it enters the final quarter of fiscal 2006, which, according to records can include the highest incidence of claims, according to a press release.Manitoba Public Insurance reported net income from operations

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What’s New: In brief (January 09, 2007)

January 9, 2007 by Canadian Underwriter

More and more Canadian insurers are offering identity theft protection as a stand-alone product, reports the Globe and Mail.While policies have been on the market over the past couple of years, typically they have been offered as an add-on to

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What’s New: In Brief (January 03, 2007)

January 3, 2007 by Canadian Underwriter

For the fourth consecutive year, The Co-operators is among the “50 Best Employers in Canada” according to a list compiled by the international human resources firm Hewitt Associates.The Co-operators, based in Guelph, is 20th on this year’s list, an improvement

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What’s new: In brief (January 02, 2007)

January 2, 2007 by Canadian Underwriter

In the spirit of the holiday season, The Co-operators donated more than $446, 500 to the United Way. Staff members contributed the majority of the funds, which will be distributed in the communities where the donations were made.“The generosity of