Financial Services Commission of Ontario

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Bulletin


No. G-15/94
- General

Licensing Changes - Second Quarter 1994


Changes to licences for the quarter ended June 30, 1994, are listed below:

New companies:

  • Consolidated General Insurance Company Limited

    The company is licensed for Property. 
    Consolidated General's contact in Ontario is
    Mr. Ian G. Wright
    President & Chief Executive Officer
    154 University Ave., Suite 510
    Toronto ON  M5H 3Y9
    Phone: (416) 348-9319
    Fax: (416) 348-9449
9 June 1994

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.

  • Coronation Insurance Company, Limited  
8 June 1994
  • Glacier National Life Assurance Company  
14 April 1994

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

  • The National Reinsurance Company of Canada

    The insurance liabilities have been assumed by Abeille Réassurance.

22 April 1994
  • The Omaha Indemnity Company

    The company settled its policy liabilities in Ontario.

9 May 1994
  • Sovereign Marine & General Insurance Company Limited

    The company settled its policy liabilities in Ontario.

30 June 1994
  • Union Reinsurance Company

    The insurance liabilities have been assumed by an affiliated insurer, Canadian Reinsurance Company

                           
24 May 1994

Amalgamations:

  • New York Life Insurance Company of Canada and The Canada Life Assurance Company

    The amalgamated company will use the name, The Canada Life Assurance Company. The licence of New York Life Insurance Company of Canada has been cancelled.

1 April 1994

Changes to licences:

  • Ayr Farmers' Mutual Insurance Company                  
26 April 1994
  • Bay of Quinte Mutual Insurance Co.
22 April 1994
  • Caradoc Delaware Mutual Fire Insurance Company
26 April 1994
  • Ekfrid Mutual Insurance Company
12 April 1994
  • The Hamilton Township Farmers'   Mutual Fire Insurance Company
22 April 1994
  • South Easthope Mutual Insurance Company  
13 April 1994
  • The Westminster Mutual Fire Insurance Company
13 April 1994

These companies have added accident and sickness, limited to the plan of insurance and
any subsequent amendments filed by the Ontario Mutual Insurance Association with the
Superintendent of Insurance

  • Bertie And Clinton Mutual Insurance Company

    This company has added accident and sickness and fidelity, limited to the plan of insurance, and any subsequent amendments filed by the Ontario Mutual Insurance Association with the Superintendent of Insurance.

13 April 1994
  • Germania Farmers' Mutual Fire Insurance Company

    This company has added fidelity, limited to the plan of insurance and any subsequent amendments filed by the Ontario Mutual Insurance Association with the Superintendent of Insurance.  It has also added boiler and machinery.

26 April 1994

Other licence amendments:

  • Allstate Insurance Company of Canada 

    Class added: legal expense
30 June 1994
  • The Prescott Mutual Fire Insurance Company

    Name change: Prescott Mutual Insurance Company
20 April 1994

List of insurance companies in Ontario

The July 30, 1994 edition of The Ontario Gazette contains a list of all insurance companies licensed in Ontario.  It includes their address in this province, telephone and fax numbers, the name of their chief agent or principal representative in Ontario, and the classes of insurance for which they are licensed.  You can purchase a copy of this publication for five dollars plus GST at:

Publications Ontario
880 Bay Street
Toronto, Ontario M7A 1N8
Tel: (416) 326-5300

 

Lawrie Savage
Superintendent of Insurance

August 22, 1994