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Bulletin

No. G-01/94
- General

Licensing Changes - Fourth Quarter 1993

Changes to licences for the quarter ended December 31, 1993, are listed below:

New companies:

  • CIBC General Insurance Company Limited                                                            
    The company is licensed for liability, marine, property and surety insurance.
22 October 1993
  • CIBC General Group Insurance Company Limited

    The company is licensed for liability, marine and property. 

    Both CIBC General and CIBC General Group's contact in Ontario is

    Kevin McNeil
    President & Chief Executive Officer
    5150 Spectrum Way
    Mississauga ON  L4W 5G8
    Phone: (905) 206-6000
    Fax: (905) 206-6090

               
22 October 1993
  • CIBC Life Insurance Company Limited  

    The company is licensed for accident & sickness and life. 

    The CIBC Life's contact in Ontario is

    Gabor Kalmar
    President & Chief Executive Officer
    5150 Spectrum Way
    Mississauga ON  L4W 5G8
    Phone: (905) 206-6000
    Fax: (905) 206-6090

     
22 October 1993

Discontinuing & Withdrawing companies:

The following companies are discontinuing their operations and, accordingly cannot write new business or renew existing contracts.  With discontinuing status, however, companies remain obligated to service existing contracts and to settle claims under these contracts.

  • Constitution Insurance Company of Canada            
 25 October 1993
  • NW Reinsurance Corporation Limited
1 October 1993

The licences of the following insurers have been cancelled after satisfactory arrangements have been made for any insurance liabilities.

  • Italian Mutual Benefit Society of Port Colborne and Humberstone                          

    All remaining beneficial members waived their rights
    to future benefits and released the society from its
    insurance obligations.
 1 October 1993
  • Pacific Employers Insurance Company

    The insurance liabilities have been assumed by an
    affiliated insurer, CIGNA Insurance Company of Canada.

 29 December 1993
  • Transamerica Occidental Life Insurance Company 

    The insurance liabilities have been assumed by an
    affiliated insurer, Transamerica Life Insurance Company of Canada.

 31 December 1993
  • United Transportation Union Insurance Association, Incorporated 

    The insurance liabilities of this fraternal society have been assumed by Toronto Mutual Life Insurance Company.

 31 December 1993

Amalgamation:

  • Allianz Insurance Company of Canada andCornhill Insurance Company of Canada

    The amalgamated company will use the name, Allianz Insurance Company of Canada. The licence of Cornhill Insurance Companyof Canada has been cancelled.

31 December 1993

Changes to licences:

Licence amendments for the companies listed below reflect changes as noted:

  • Aegon Insurance Company (U.K.) Limited

    (1) class added: fidelity
26 October 1993
  • Allianz Insurance Company of Canada

    (1) class added: credit
17 December 1993
  • American Bankers Insurance Company of Florida

    (1) class added: credit
    (2) authority to use a French trade name of American Bankers Compagnie d'Assurances-Générales

13 December 1993
  • The Grey & Bruce Mutual Fire Insurance Company

    (1) name change: Grey & Bruce Mutual Insurance Company
10 December 1993
  • Laurentian General, Insurance Company Inc

    (1) name change: Boreal Insurance Inc.
10 December 1993
  • The Mortgage Insurance Company of Canada

    (1) class deleted: property
14 December 1993
  • Protection Mutual Insurance Company

    (1) class added: marine
23 November 1993
  • The Prudential Assurance Company of England Property and Casualty (Canada)

    (1) name change: General Accident Indemnity Company 1 October 1993
    (2) class deleted: accident & sickness
8 November 1993
  • Transamerica Life Insurance Company of Canada

    (1) class added: accident & sickness
8 October 1993
  • United Commercial Travellers of America, Order of

    (1) class added: life
13 December 1993
  • The Wawanesa Mutual Life Insurance Company

    (1) name change: The Wawanesa Life Insurance Company.  The company has changed the form of its organization to a joint stock insurance company.

14 October 1993

Lawrie Savage
Superintendent of Insurance

February 4, 1994


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