Tag: "Quebec"

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Industrial Alliance opposes securities commission

By on May 27, 2010 in Canadian Insurance

Insurance and financial services company Industrial Alliance said that it doesn’t support a proposed national securities commission and wants a better enforcement of prosecuting white collar crimes. The Quebec-based company, Canada’s fourth-largest life insurer, said most of the regulations are already harmonized between the provinces and territories and it supports further harmonization. Industrial Alliance said [...]

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Keal Technology, CSU expand French services

By on May 13, 2010 in Company News

Keal Technology, software developer for Canadian insurance brokers, and the Canadian Signassure/sigXP User group (CSU), have announced that they have widened their scope to deliver expanded services to French speaking brokers, starting with education seminars in Montreal. In a release, Keal Technology said that until now, the CSU has been a predominantly English speaking association [...]

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Caisse wants to cut costs by $20 million

By on Apr 27, 2010 in Canadian Insurance

The Caisse de depot et placement du Quebec’s continuing efforts to get back on track will see Canada’s largest pension fund manager cut operating expenses by $20 million this year without resorting to layoffs. The Montreal-based investing giant said its efficiency drive will see it refocus and simplify its operations to improve its finances. “The [...]

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Auto insurance premiums jump in Ontario

By on Apr 19, 2010 in Auto & Trucking

Car insurance quote firm Kanetix says rates jumped by nearly 12 per cent in Ontario in the first three months of this year. By comparison, rates in Quebec fell by 4.6 per cent and rates in Alberta dropped 1.6 per cent. The quarterly review by online quote provider Kanetix says the numbers show rate increases [...]

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Promotions at Crawford & Company

By on Apr 15, 2010 in Company News

Crawford & Company (Canada) has announced that Andrea Zimny and Claudine Davoodi have been promoted.   Andrea Zimny has been named assistant vice president of CLAIMSALERT for Crawford operations in Canada. She will continue to manage both the Waterloo and Montreal CLAIMSALERT centres and will develop and execute strategic initiatives focused on revenue growth, new [...]

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AXA exec named 2010 Insurance Woman of the Year

By on Mar 29, 2010 in Company News

Louise Leclerc, AXA’s Vice President, Technical Claims, has received the Mildred Jones 2010 Insurance Woman of the Year award,  presented by the Association des femmes d’assurance de Montréal at the annual gala of the Institut d’assurance de dommages du Québec. "This prestigious honour, which is yet another highlight in a remarkable professional career, recognizes Louise’s [...]

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Power Financial posts $340M Q4 profit

By on Mar 22, 2010 in Financial Reports

Power Financial Corp., whose subsidiaries include Great-West Lifeco Inc. and IGM Financial Inc., reported a big improvement in fourth-quarter earnings despite an overall decline in revenue. The Montreal-based holding company said net profits were $340 million or 45 cents a share for the three months ended Dec. 31. That compared with a net loss of [...]

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Desjardins reverses deficit with Q4 earnings

By on Mar 10, 2010 in Featured, Financial Reports

View the video here on your mobile device. Desjardins Group reversed last year’s $476-million deficit with $244 million of surplus earnings before member dividends in the fourth quarter as revenues grew 49.4 per cent to $2.58 billion. The Quebec-based financial co-operative said the strong performance resulted from a significant increase in trading revenue and income [...]

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AMF obtained over $81 million in penalties

By on Mar 01, 2010 in Canadian Insurance, Featured, Provincial Council Updates

View the video here on your mobile device. Quebec securities regulator L’Autorité des marchés financiers (AMF) laid a total of 855 charges last year, sanctioned 783 individuals and companies, and collected more than $81 million dollars in fines and penalties. The AMF reported these figures and others in its enforcement report for 2009. Monetary penalties [...]

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Alb. challenges plans for securities regulator

By on Feb 16, 2010 in Canadian Government, Featured

View the video here on your mobile device. The Alberta government has filed a court challenge to Ottawa’s plan to create a national securities regulator. Questions to test the “constitutional soundness” of the move were submitted to Alberta’s Court of Appeal. Alberta Finance Minister Ted Morton says Ottawa’s plans are an “intrusion” into an area [...]

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The Co-operators open first offices in Montreal

By on Feb 10, 2010 in Company News, Featured

View the video here on your mobile device. The Co-operators has opened its first two offices in the Montreal area. Located in Île-Perrot and Beaconsfield, the offices of the first two local Co-operators representatives opened their doors for business on January 18th and 25th respectively. This past summer, The Co-operators celebrated a milestone when the [...]

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Quebec car insurance rates decreased in Q4 2009

By on Jan 27, 2010 in Auto & Trucking, Featured

View the video here on your mobile device. Kanetix, the online marketplace for insurance quotes, released the results of its Quebec quarterly car insurance premium study. The study identified a 9.8 per cent average decrease in the lowest auto insurance rates quoted on Kanetix in the third quarter of 2009 compared to the same period [...]

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