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Bulletin


No. G-05/95
- General

Changes to Licences - Third 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 September 30, 1995.

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

New companies:

  • London Guarantee Insurance Company

    The company is licensed for Boiler and Machinery,
    Fidelity, Liability, Property and Surety insurance.
    London Guarantee's contact in Ontario is

    Mr. Robert E. Taylor
    President & C.E.O.
    77 King St West, Suite 3426
    Royal Trust Tower
    P.O. Box 284
    Toronto, Ontario M5K 1K2
    Phone:  (416) 360-8183
    Fax:     (416) 360-8267

25 August 1995

Discontinuing & withdrawing companies:

The following companies discontinued their operations and accordingly

cannot write new or renew insurance contracts.

  • Aviation & General Insurance Company Limited
18 July 1995
  • Ford Life Insurance Company
18 July 1995
  • Skandia Canada Reinsurance Company        
22 September 1995

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

  • Lagover Mutual Benefit Society

    The society no longer has any insurance liabilities.

     
22 August 1995
  • National Fraternal Society of the Deaf  

    The society no longer has any insurance liabilities in Ontario.

6 September 1995

Other licence amendments:

  • Allstate Insurance Company of Canada

    Class deleted: Accident & Sickness

25 August 1995
  • Canadian Reassurance Company

    Name change: Swiss Re Life Canada

10 August 1995
  • Canadian Reinsurance Company

    Name change: Swiss Reinsurance Company Canada

1 August 1995
  • The Dominion of Canada General Insurance Company

    Class deleted: Aircraft

25 August 1995
  • Grenville Patron Mutual Fire Insurance Company

    Name change: Grenville Mutual Insurance Company

19 September 1995
  • John Deere Insurance Company of Canada

    Class deleted: Liability

25 August 1995

Grant Swanson
Acting Superintendent of Insurance

October 23, 1995