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Insurance 

Echelon makes a profit for the year 2018, but a loss in the fourth quarter

by Writing 18 February 2019 13:30 Serge Lavoie The holding company Step Financial Holdings has made a net profit of 2.38 million dollars (M$) for the year 2018. It is a not increase compared to the year 2017, while the company had registered a net profit of 1.79 M$. These results include the current activities and those discontinued by the insurer over the years. Echelon reported a loss of$ 7.8 Million in the fourth quarter of 2018, which is higher than that of the corresponding quarter of 2017, which was$4.8…

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Insurance 

Sun Life increased its net profit in the 4th quarter, but not in Canada

by Aurelia Morvan 18 February 2019 11:30 Photo : Freepik To its business in Canada, Sun Life Financial reported net income of 942 million dollars ($M) for the whole of the year 2018. This is a decrease of 2 % from 2017, the year for which the income was 963 Million$. The year had started out well for the canadian market for Sun Life. What are the results of the last three months have returned to the situation. During the fourth quarter of 2018, Sun Life reported net income of$…

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Insurance 

Cyberriques : Canada has reached a tipping point, says Aon

by Hubert Roy February 18, 2019 09:30 For a company, a digital shift creates new growth opportunities, but also risks. Brian Rosenbaum, national chief, services risk cyber ofAon in Canada, believes, however, that the country has reached a tipping point in regards to the cyberrisque organizational. “Most organizations finally understand that they have a certain degree of exposure and know that they need to do something about it,” he said. For a good part of the last decade, a large number of canadian organizations that were either ignorant or in…

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Insurance 

Manulife request to RGA to reinsure annuities collective of 45 000 pensioners

by Alain Thériault 15 February 2019 13:30 Photo : Freepik Manulife has reached an agreement with the reinsurance company RGA Canada to cover the longevity risk attached to a block of business canadian group annuities in the disbursement phase, which comprises 45 000 annuitants. Manulife is a further step in its strategy to release capital. Reinsurer is particularly active in the insurance market longevity, RGA has recalled its links with Manulife. “We have a long-standing partnership with Manulife, and we are proud to implement another custom solution to meet their…

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Insurance 

The Co-operators ended the year in the red

by Andrea Lubeck 15 February 2019 11:30 Photo : Freepik The Company Co-operators general insurance ended the year 2018 with a net loss of 37,1 million dollars ($M), whereas it had recorded a net profit of 121,1 M$ in 2017. The net income for the third quarter was not enough to prevent net loss. The combined ratio also deteriorated in 2018, rising from 103.2% in the last year to 105,2 %. The Co-operators, says the increase in claims in the sectors of insurance for auto, home and business is in…

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Insurance 

Increase in net profits for ai financial Group ; disappointment for the sales of mutual funds

by Frédérique De Simone February 15, 2019 09:30 Denis Ricard | Photo : Denis Méthot iA financial Group has reported net income of 612,7 million dollars ($M) in 2018. This is an increase of 19 % compared to 2017. The net income was then 515,5 M$. “Overall, sales for the year are satisfactory, except as regards our activities of mutual funds, which are evolving in a business environment difficult,” said Denis Ricard, chairman and chief executive officer of iA Group financial. The insurer also unveiled its results for the fourth…

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Insurance 

Record net income for Manulife, despite a loss in the 4th quarter in Canada

by Aurelia Morvan 14 February 2019 13:30 Roy Gori Manulife financial Corporation has reported net income of 4.8 billion dollars (G$) in 2018. This is an increase of 128 % compared to the year 2017, for which the holding company declared a net profit of$2.1 billion. It is the net profit the highest ever recorded by the company, said Roy Gori, president and chief executive officer. The tax reform from the u.s. had been particularly evil to Manulife in 2017. This is in part what explains its progress by 2018…

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Insurance 

Equitable Life saw a decrease of net income by 2018

by Writing 14 February 2019 11:30 Photo : Freepik Equitable Life has made a net profit of $ 86.8 million ($M) in 2018. This is a decrease compared to the profit of$ 106 Million recorded in 2017. The insurer pointed out that its profits for 2018 were the second highest in its history. Results of 2017 to establish the record. Strong sales growth The company said that 2018 was a good year, with growth in all its sectors of activity. “The sector of the savings and retirement has established a…

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Insurance 

One in four canadians has spared nothing at all in 2018

by Aurelia Morvan February 14, 2019 09:30 Photo : Freepik In 2018, 15% of Canadians have managed to save more than $ 10,000, while 25 % have not put one penny aside. This is what emerges from a report published on 12 February by BMO. The people in debt and spenders do not get to save The Bank of Montreal questioned as to the reasons which have led, for a quarter, a total absence of savings in the past year. After study of the responses made by the non-savers, two…

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Insurance 

Pay Less for Your Auto Insurance with Discounts

How to get auto insurance discounts that will lower your premiums. Discounts are an easy way to save money on your auto insurance. Whether it’s a discount for bundling your policies with the same insurance provider or for maintaining a clean driving history, discounts can quickly add up to lower premiums. Top car insurance discounts revealed Drive down the cost of your auto insurance premiums with these popular discounts: Driver’s training Insurance companies know that young drivers

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