Abstracts - faqs.org

Abstracts

News, opinion and commentary

Search abstracts:
Abstracts » News, opinion and commentary

Two more raters go negative on Sun Life

Article Abstract:

Sun Life Assurance Company of Canada's outlook was downgraded from 'stable' to 'negative' by two rating agencies, New York, NY-based Moody's Investors Service Inc and Chicago, IL-based Duff and Phelps Credit Rating Co. The rating agencies changed thier view after the insurance company reported an unexpected weak financial results for the second quarter of 1999. The insurer's outlook may have been downgraded, but the two rating agencies retained the insurer's financial strength rating.

Author: Partridge, John
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
Canada, Direct Life Insurance Carriers, Financial analysis, Life Insurance, Sun Life Assurance Company of Canada

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Money-losing GAN Canada up for sale

Article Abstract:

Gan Canada Group, based in Burlington, Ontario, will be sold by French property and casualty insurer GAN Groupe. Sources said Canadian unit will not cost more than book value, estimated at C$100 million to $150 million. Possible buyers include the Dutch-owned ING Canada, British-owned CGU Insurance Co of Canada and French-owned AXA Insurance (Canada). The Canadian unit of Netherlands-based ABN Amro NV.

Author: Partridge, John
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
Asset sales & divestitures, Foreign operations, France, Direct Property and Casualty Insurance Carriers, Ontario, Property & Liability Insurance, Gan Canada Group, Gan Groupe

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Similar abstracts:
  • Abstracts: Ex-MetLife holders could miss out. Court refuses bid to appeal Sun Life deal. Canada Life wants freedom to merge
  • Abstracts: GM may rush plan to trim dealers. Renault plans speedy turnaround map for Nissan. Toyota promises custom order in 5 days
  • Abstracts: Insurers prepare ad blitz. Mutual Life rating lowered a notch by U.S. agency. Manulife sets IPO at low end of $18
  • Abstracts: Elliott & Page to cap fund. Dundee Wealth strikes deal to buy Peelbrooke shares
  • Abstracts: Razor with supersonic appeal flying off shelves. Firm opens doors to deals on line. Pilots dispute escalates
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.
Some parts © 2025 Advameg, Inc.