ING Canada, insurance subsidiary to be rebranded
ING Canada and ING Insurance to become Intact Financial and Intact Insurance, respectively
- By: IE Staff
- February 23, 2009 February 23, 2009
- 14:44
ING Canada and ING Insurance to become Intact Financial and Intact Insurance, respectively
But net operating income increased 35% in Q4 despite the difficult market conditions
Despite a hit to underwriting results, investment income carried the firm to almost $1.5 billion in net earnings
Earnings, net income and policyholder equity all increased in 2008
Net income for 2008 declined by almost 60%
Disappointing results for 2008 reflect the impact of legacy operational problems
Popularity of SRI has increased as responsible corporate behaviour has become increasingly mainstream
Ed Clark’s voluntary forfeiture of $3 million will be donated by TD Bank to charity
Western Canadians are the most bullish, with those in Ontario close behind
Bank wants to play a greater role in a province that’s “going places”
Deal could result in the U.S. Department of Justice if the Swiss bank meets all its obligations
The deal enlarges RiskMetrics’ footprint in the ESG research space
An impairment charge and a future tax asset valuation resulted in a reduction of earnings
Mavrix Explore 2009-I FT LP to invest in junior resource companies
Institutional investor hopes are higher than at any point since start of credit crunch
Sales in positive territory for the first time since August 2008
Aim is to make UK division be the gateway to Europe for online brokerage services
Number of deals drops by 10%
Los Angeles office better serves clients in Canada, U.S. and Asia
Strong growth in all core lines of business
Assets under management hit by volatile markets
Fair value accounting is not working effectively
New regulatory actions should be crafted to avoid adverse impacts on other countries