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Economical named Canada’s Best General Insurance Company for 2013 by World Finance magazine

A panel of experienced judges at World Finance subsequently selected Economical as the winner after reviewing responses from each of the four finalists to questions on corporate social responsibility, achievements, delivering on customer expectations, and risk assessment.

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Prem Watsa the face behind $4.7B BlackBerry deal

Six weeks later, the man some call Canada’s Warren Buffett has delivered, beginning a rescue project he once said could take four or five years.

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Ackermann Resigns From Zurich Board After CFO’s Suicide

“The unexpected death of Pierre Wauthier has deeply shocked me,” Ackermann said in a statement today. “I have reasons to believe that the family is of the opinion that I should take my share of responsibility, as unfounded as any allegations might be.”

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Western Financial Group appoints Jeff Burke President & CEO

Western Financial Group’s (Western) Board of Directors announces the appointment of Jeff Burke as President effective September 1. Burke will assume CEO responsibilities on January 1, 2014. This is the first leadership change in Western’s 17-year history.

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Is Fairfax Financial going to take BlackBerry Private?

Hopes of BlackBerry returning to its glory days have all but disappeared as the smartphone company delivered the most damning proof that its new phones are a sales flop by moving forward with a plan that could result in the sale of its operations.

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Hub International Agrees To Be Acquired By Funds Advised By Hellman & Friedman LLC

Hub International Limited (Hub), a leading global insurance brokerage, announced Aug 5, 2013 that it has entered into an agreement to be acquired by funds advised by Hellman & Friedman LLC. The transaction values Hub at approximately US$4.4 billion.

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Economical Insurance helping Canadian Red Cross deliver emergency preparedness training for 11,000 Canadians

New multi-year partnership with commitment of $450,000 over three years.

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Great West announces new CEO for Irish Life as $1.75 billion acquisition closes

Great-West also announced Thursday that the new CEO of Irish Life is Bill Kyle, a 34-year veteran of the Canadian insurance giant.

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RBC Donates $50,000 to Red Cross to Support Oklahoma Tornado Relief Efforts

“RBC is committed to helping residents recover and rebuild from this powerful tornado,” said John Taft, CEO of RBC Wealth Management, U.S. “We are proud to partner with the Red Cross in support of their relief efforts in aiding those affected by this devastating event.”

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Julie Dickson not serving second term as OSFI chief, finishes July 2014

Dickson, who has been widely praised for her no-nonsense approach to bank business practices, had been deputy superintendent and acting superintendent before taking over the top job at the financial regulator.

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Coast Capital Insurance Services Ltd. Joins the Western Financial Group Family

“We’re very proud to be able to bring Coast Capital Insurance Services into our family of companies. It is a tremendous organization that has the same commitment to community as we do,” said Scott Tannas, President and CEO of Western.

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Economical Mutual Insurance Company hosting 141st Annual General Meeting

As previously reported, Economical is waiting for regulations from the federal Department of Finance that are required in order to proceed with the company’s previously announced demutualization process.

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Canadian Red Cross receives $5,000 for those in need following spring deluge

State Farm has donated $5,000 to the Canadian Red Cross to help with its efforts in assisting Ontario residents affected by damaging spring flooding.

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New usage-based insurance program from Desjardins Insurance puts Ontarians in the driver’s seat

Drivers with good habits can now save up to 25 per cent on their car insurance

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Economical Insurance supports reduction of violence in Quebec schools with financial support for Echec au crime and Info-crime Montréal

Each student in the “United without violence” program makes a personal commitment to reject the type of violence he or she wishes to take action against, such as bullying, verbal abuse or intimidation.

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Manulife sees insurance sales drop 23 per cent in Q1 on lower net profit

“Insurance sales dropped to $619 million in the quarter from $799 million, hit by tax and product changes in Japan and price increases to protect margins and lower sales of group benefits to large clients in Canada” chief executive Donald Guloien

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Economical commits $62,500 to the fight against cancer

Economical supporting Canadian Cancer Society with title sponsorships of five Relay For Life events in Ontario and Quebec this June

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BMO Bank Of Montreal Announces Flood Relief Program For Customers In Central Ontario

“We want to support our customers that are affected by damages caused by the severe flooding,” said Lloyd Fleming, Vice President, Central and Northern Ontario District, BMO Bank of Montreal.

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Canadians to Discover Just How Far $2 Can Go at a Credit Union

Canadians to Discover Just How Far $2 Can Go at a Credit Union

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