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Bulletin

No. G-01/96
- General

Licensing Changes - Fourth Quarter 1995

As part of ongoing efforts to communicate matters of interest to the insurance industry, the Ontario Insurance Commission (OIC) is releasing the following information on changes to licences for the quarter ending December 31, 1995.

The changes in the fourth quarter of 1995 include announcements such as insurance companies with new licences, and licensing amendments.

New companies:

  • National Reinsurance Corporation

    This company is licensed for automobile, boiler and machinery,hail, liability, marine and property insurance (limited to thebusiness of reinsurance).

    National Reinsurance Corporation's contact in Ontario is

    Mr. Thomas J. Krause
    Chief Agent
    Scotia Plaza
    40 King St West, Suite 4900
    Toronto, Ontario M5H 4A2
    Phone: (416) 777-6778
    Fax: (416) 777-6754

 10 November 1995

Discontinuing & Withdrawing Companies:

The following company is discontining its operations and,accordingly cannot write new or renew insurance contracts after May 1, 1995.  Companies with discontinuing status, however, remain obligated to service existing contracts and to settle claimsunder these contracts:

  • Security Life Insurance Company
18 October 1995

Other licence amendments:

  • Boreal Property & Casualty Insurance Company

    Name change:  AXA Pacific Insurance Company

 22 November 1995
  • Compagnie Transcontinentale De Reassurance

    Class added: Hail, limited to the business of reinsurance

 1 December 1995
  • Economical Mutual Insurance Company

    Class added: Accident and Sickness

 20 October 1995
  • Elma Mutual Insurance Company
    Class added: Fidelity, limited to the plan of insurance and any subsequent amendments filed by the Ontario Mutual InsuranceAssociation with the Superintendent of Insurance
 14 December 1995
  • General American Life Reinsurance Company of Canada

    Name change: RGA Life Reinsurance Company of Canada

28 November 1995
  • Legacy General Insurance Company

    Class added: Accident and Sickness

 14 November 1995
  • Terra Nova Insurance Company  

    Class added: Marine, direct and reinsurance business

  2 October 1995
  • Waterloo Insurance Company

    Class added:   Automobile and Property on an unrestricted basis

 14 November 1995

Grant Swanson
Acting Superintendent of Insurance

January 18, 1996

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