Study being sent to all federally regulated life insurers
The finance minister says he may impose changes on resistant banks
Insurance brokers applaud government decision
Legislation in offing
Many of Canada’s biggest banks are beefing up their insurance businesses, and their direct-distribution channels are gaining prominence as the institutions seek new ways to reach a large, untapped market of Canadians.Bank of Nova Scotia is the most recent bank of the Big Five to bolster its presence in insurance. In August, the bank’s Canadian […]
Deal puts supplier of insurance products and services to Canadian credit unions under Canadian ownership
Acquisition provides platform for growth in commercial insurance
Some additional ratings on individual insurers would need to be downgraded
Deal with Alltrust Insurance Company of China subject to regulatory approval
Bank of Nova Scotia is expanding its presence in the insurance market with the launch of a home and auto insurance program, new life and health insurance products and its first storefront insurance centre. ScotiaLife Financial, Scotiabank’s new Canadian insurance brand, launched on Monday a home and auto insurance offering that provides coverage for vehicles, […]