No. G-03/98
- General
Licensing Changes - First Quarter 1998
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 March 31, 1998.
The changes in the first quarter of 1998 include announcements of licences issued to new insurers, licence cancellations, insurance company amalgamations, and amendments.
New Companies |
Effective date
of changes |
- General Insurance Company of Royal Bank of Canada
The company is licensed for Automobile, Liability,
Property.
General Insurance Company of Royal Bank of
Canada's contact in Ontario is:
Mr. Andrew Rogacki
President & Chief Executive Officer
5600 Cancross Court
Mississauga, Ontario L5R 3E9
Tel: (905) 949-3688
Fax: (905) 949-3683
|
January 29, 1998 |
Licence Cancellations:
The licences of the following insurers have been cancelled after satisfactory arrangements have been made for any insurance liabilities.
- The London Assurance
The company transferred its policy liabilities to
Royal Insurance Company of Canada.
|
February 26, 1998 |
|
February 26, 1998 |
Amalgamations:
- McGillivray Mutual Insurance Company and The London
Township Mutual Insurance Company amalgamated.
The amalgamated company will use the new name
Middlesex Mutual Insurance Co.
Middlesex Mutual Insurance Co. is licensed for
Accident and Sickness, Automobile, Boiler and
Machinery, Fidelity, Hail, Liability, Property.
(Accident and Sickness and Fidelity are limited to
the plan of insurance, and any subsequent
amendments, filed by the Ontario Mutual Insurance
Association with the Superintendent
of Insurance).
The licences of The London Township Mutual
Insurance Company and McGillivray Mutual
Insurance Company have been cancelled.
|
January 27, 1998 |
Other licence amendments:
|
March 9, 1998 |
|
February 4, 1998 |
- La Sécurité, assurances générales inc.
English name added: Security General
Insurance Inc.
|
February 23, 1998 |
|
March 6, 1998 |
|
March 30, 1998 |
Grant S. Swanson
Acting Superintendent of Insurance
May 6, 1998
Financial Services Commission of Ontario