Hartford sells Canadian unit to Economical
Agreement covers commercial insurance book
- By: IE Staff
- December 18, 2000 December 18, 2000
- 13:20
Agreement covers commercial insurance book
U.S. insurance giant adopts demutualization plan
Continues North American growth strategy
Bid to start on December 20
Scotiabank subsidiary makes $12 million investment
Service now available in Atlantic Canada, Manitoba
Plans to end 'mutual' insurer status
Negotiating for exclusive transfer of Daihyaku policies
Sobering fined $12,000
Put some chips on semi-equipment stocks
New pay structure favours accounts over US$100,000
Corporate office relocate
Move anticipates changes to bank ownership rules
Insurers form distribution alliance
Aims to be as transparent as possible with investors
Will develop financial products for CAMIC members
Talks to continue for one month
Assets of Quebec branches total $685 million
Novelties available in exchange for charitable donation
Number of branch visits stabilizes
Formal proposal set for spring of 2001
RBC DS to lead syndicate of underwriters
Investors reduce borrowing as markets slide
SEC steps up IPO probe
Scheme affected 80 clients