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INSURANCE NEWS - CIBC Life Insurance Company Limited
Stock market surge to boost Canada life insurers - Reuters Canada As of: 2009-07-26
Stock market surge to boost Canada life insurersReuters CanadaManulife, North America's largest insurance company, made losses in the fourth quarter of 2008 and the first quarter of 2009 as stock markets tumbled and ...and more » -
Spectre of market correction gains steam as TSX falls - Canada.com As of: 2009-06-22
Spectre of market correction gains steam as TSX falls- Canada.com, Canada- Canada's largest life insurance company fell 12 per cent or $2.83 to $20.42, as management stated last Friday it would look for ways look to strengthen its capital base, given ongoing market volatility. The S&P/TSX composite index fell 453.77 points or ... -
Don't Just Shake On It - Canada.com As of: 2009-06-21
Don't Just Shake On It- Canada.com, Canada- For example, the ability to use the tax-free death benefit associated with a life-insurance policy can provide an effective way to "buy out" a deceased shareholder's shares upon death. In addition, shareholder agreements are often designed to allow a ... -
Stocks mainly weak after big gains; GM likely headed toward ... - CFTKTV As of: 2009-05-27
Stocks mainly weak after big gains; GM likely headed toward ...- CFTKTV, Canada- The tech sector also supported gains with Research In Motion Ltd. (TSX:RIM) ahead $1.03 to $86.88. The financial sector stepped back 0.5 per cent ahead of earnings reports from CIBC (TSX:CM), Scotiabank (TSX:BNS) and TD Bank (TSX:TD) Thursday while ... -
Downturn hammers US Steel - Hamilton Spectator As of: 2009-04-29
Downturn hammers US Steel- Hamilton Spectator, Canada - Jane Jacobs- The steelmaker will issue new stock and debt in an effort to shore up its balance sheet. It has also struck a deal with the United Steelworkers union to defer $170 million in mandatory retiree health and life insurance contributions. -
Western Financial completes convertible debenture financing - Investment... As of: 2009-04-21
Western Financial completes convertible debenture financing- Investment Executive, Canada- WFG provides insurance, financial and banking services to more than 500000 individuals and businesses in over 100 communities across Western Canada through its WFG Agency Network locations, affiliated insurance brokers, Western Life Assurance Company ...- Western Financial Group announces completion of convertible ... Canada NewsWire (press release)- all 2 news articles -
Maybe I need a second opinion - Meridian Booster As of: 2009-04-17
Maybe I need a second opinion- Meridian Booster, Canada- The BMO Retirement Institute is saying boomers should save using government and company pensions, personal savings, home equity and insurance projects. Alright. Fair enough. Unfortunately, finding someone to help direct your financial planning is ... -
BMO finds boomers postponing Retirement; HSBC that Canadians ... - Natio... As of: 2009-04-15
BMO finds boomers postponing Retirement; HSBC that Canadians ...- National Post, Canada- Many boomers will find they'll need all of government and company pensions, personal savings, home equity and insurance products. Rising healthcare and dental costs will also be a challenge, and is something many future retirees may not have properly ...- Boomers delaying retirement to earn more money CTV British Columbia- Boomers Go Long, But are they Falling Short? Canada NewsWire (press release)- all 18 news articles -
Are insurer dividends sustainable? - Globe and Mail As of: 2009-04-14
Are insurer dividends sustainable?- Globe and Mail, Canada- Dividend yields at the four major domestic life insurers range from a high of 6.3 per cent at Great-West Lifeco to a low of 4.1 per cent at Industrial Alliance. Volatile markets make trying to predict insurance company earnings on a quarter-to-quarter ...- Insurers face credit market woes Globe and Mail- all 3 news articles -
US insurers bailout could thwart Canada's white knights - Financial ... As of: 2009-04-08
US insurers bailout could thwart Canada's white knights- Financial Post, Canada- The US government appears set to extend bailout funds to a number of besieged life insurance companies, a move that could thwart big Canadian insurers' hopes of expanding south of the border. A financial lifeline from Uncle Sam's US$700-billion Wall ... -
Manulife considered most likely buyer of Seamark - National Post As of: 2009-04-07
Manulife considered most likely buyer of Seamark- National Post, Canada- Manufacturers Life Insurance Co., a wholly-owned subsidiary of Manulife, is Seamark?s largest shareholder at 31%. Mr. Aiken estimates that the departing client represents 40% to 50% of private client and wrap account assets under management. ... -
Event held for home buyers - Chatham Daily News As of: 2009-04-04
Event held for home buyers- Chatham Daily News, Canada- The event is being sponsored by Royal lepage, RMA Mortgage Associates and Sun Life Financial. Topics to be discussed include financing options, mortgage insurance, legal considerations, home buyer incentives, how to use rrsps and home inspection. ... -
AIG Completes Two Asset Sales - Stockhouse As of: 2009-04-02
AIG Completes Two Asset Sales- Stockhouse, Canada- AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, ... -
Industrial Alliance Announces the Closing of an Offering of $100 ... - C... As of: 2009-03-27
Industrial Alliance Announces the Closing of an Offering of $100 ...- Canada NewsWire (press release), Canada- About Industrial Alliance Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company that offers a wide range of life and health insurance products, savings and retirement plans, RRSPs, ... -
Former dental assistant jailed two years for 'sophisticated' sca... As of: 2009-03-26
Former dental assistant jailed two years for 'sophisticated' scams- National Post, Canada- She forged orders for expensive dental procedures under patients? names and then intercepted their insurance cheques, pocketing the cash. In total, Chernyakhovsky swindled $193336 from various banks and insurers, including TD Canada Trust, CIBC, ... -
Industrial Alliance Announces an Offering of $100 Million of 8.25 ... - ... As of: 2009-03-24
Industrial Alliance Announces an Offering of $100 Million of 8.25 ...- Canada NewsWire (press release), Canada- About Industrial Alliance Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company that offers a wide range of life and health insurance products, savings and retirement plans, RRSPs, ... -
ING Canada weighs up bid for Aviva units - Financial Post As of: 2009-03-10
ING Canada weighs up bid for Aviva units- Financial Post, Canada- ING Canada is hitting the acquisition trail after beginning life as an independent public company last month with excess capital and zero debt after its distressed Dutch parent sold its 70% stake to Canadian investors in a $2.2-billion deal. ... -
INSURERS PLUMMET TO EARTH - National Post As of: 2009-03-08
INSURERS PLUMMET TO EARTH- National Post, Canada- The answer brokers are giving their clients is that at least 85% of their policies are protected through an industry self-insurance scheme called Assuris. "We are here to protect Canadian policyholders in the event that their life-insurance company ... -
Protect your assets - draw up a will - Canada Free Press As of: 2009-03-05
Protect your assets - draw up a will- Canada Free Press, Canada- Depending on the size of the estate, there are various strategies, including purchasing life insurance to fund the liability. Another strategy involves implementing a corporate reorganization known as an estate freeze, which allows you to effectively ... -
Uphill all the way - Canada.com As of: 2009-03-02
Uphill all the way- Canada.com, Canada- And the tour company leading the climb turned out to be the insurance policy. Nevada-based Tusker Trail specializes in decidedly upscale Kilimanjaro experiences, with hired porters to haul all the heavy equipment, pitch the tents and cook meals. ... -
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