Canada

State Farm(R) appoints Barbara Bellissimo Senior Vice President in Canada

May 28th, 2009

State Farm is pleased to announce the appointment of Barbara Bellissimo as Chief Agent and Senior Vice President for State Farm in Canada. In her new role, she will be responsible for providing strategic leadership, and overseeing the sales and operations of State Farm in Canada.
Ms. Bellissimo joined State Farm in 1986 and has successfully [...]

ING Canada to increase its quarterly dividend to 32 cents

February 24th, 2009

ING Canada announced that its Board of Directors has decided to increase the company’s quarterly dividend by 3.2%, or 1 cent to 32 cents per share on its outstanding common shares. The dividend will be payable on March 31 to shareholders of record on March 16.
According to ING Canada President and CEO, Charles Brindamour, “the [...]

Canada Life Announces Redemption of 5.80% Debentures, Series A due December 11, 2013

November 1st, 2008

The Canada Life Assurance Company today announced that it intends to redeem all $200 million aggregate principal amount of its 5.80% Debentures, Series A due December 11, 2013 (the “Debentures”) on December 11, 2008 (the “Redemption Date”).
A formal notice and instructions for the redemption of the Debentures will be forwarded to Debentureholders in accordance with [...]

Allstate to Discuss Second Quarter 2009 Earnings With Investors

July 14th, 2009

The Allstate Corporation will conduct a conference call at 9 a.m. Eastern Time (ET) , Aug. 6, 2009 to discuss second quarter 2009 earnings. The company will issue a news release announcing results the day before on Wednesday, Aug. 5, 2009 at or after 4:05 p.m. ET. In addition, the company plans to file [...]

Thomas C. Ramey and Wilhelm Zeller Appointed Independent Directors of AXIS Capital Board

July 14th, 2009

AXIS Capital Holdings Limited announced that the Company’s Board of Directors has appointed Thomas C. Ramey and Wilhelm Zeller to its Board as independent directors. Both will serve as Class II Directors.
Michael Butt, Chairman of AXIS Capital, said: “We are delighted to welcome Thomas C. Ramey and Wilhelm Zeller to AXIS Capital’s Board of Directors. [...]

Sun Life Financial Wins Better Business Bureau 2009 Local Torch Award for Excellence

July 8th, 2009

The U.S. division of Sun Life Financial Inc. announced it has won the Better Business Bureau’s 2009 Local Torch Award for Excellence, marking the company’s fourth consecutive win in the category for businesses with over 1,000 employees. The award, given by the BBB serving eastern Massachusetts, Maine, Rhode Island and Vermont, selected Sun Life based [...]

Travelers Broader Protection for Directors & Officers Is a Plus

July 8th, 2009

In unpredictable economic and financial environment, directors and officers, now more than ever, realize the need for personal asset protection. Travelers Bond & Financial Products introduces its enhanced Broad Form PLUS+SM Directors and Officers Liability policy. When other sources of indemnity are unavailable or unable to respond, this policy offers superior personal asset protection for [...]

Bill Johnstone Named Senior Vice President of Crawford’s Global Technical Services for the Americas

July 8th, 2009

Crawford Canada’s Bill Johnstone has been named senior vice president of Crawford & Company’s Global Technical Services (GTS) for the Americas, a newly created position designed to more effectively coordinate and grow this market-leading service, the Company announced
GTS is a major differentiator for Crawford worldwide in the high-end, complex loss adjusting market. With our strong [...]

Sun Life Financial Proposes Private Sector Pension Reform

July 8th, 2009

Canada needs to close the gap in pension coverage, and the private sector has the tools to do it, remarked Dean Connor, President, Sun Life Financial Canada. Connor was speaking today at a meeting at the Vancouver Board of Trade.
Connor noted that “The main pension gap is with a subset of Canadians who are not [...]

BestWeek: Recession a Bane and a Boon to Workers’ Comp Writers

June 27th, 2009

The ongoing recession is taking a toll on the U.S. workers’ compensation industry, but that bane is not without a boon as well. Job cuts, particularly in construction and manufacturing, are putting downward pressure on revenue from written premiums. “It’s certainly clear that the premium base will be declining,” Harry Shuford, chief economist for the [...]