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Top News In குறைந்தபட்சம் மூலதனம் சோதனை Today - Breaking & Trending Today

Key Insurance finds potential property buyer

Key Insurance General Manager Tammara Glaves-Hucey.
Key Insurance Company Limited, a general insurance provider acquired by the GraceKennedy Financial Group in 2020, has secured a potential buyer for a property it owns in New Kingston.
The company, which has been making losses for the past few years, is restructuring operations to regain profitability.
The building which it has placed on the market has a carrying value of $ 226.58 million.
Key Insurance ended 2020 with net losses of $299.66 million, compared to losses of $267.48 million in 2019.
Directors, in a report for the 2020 financial year, said the company has entered into an arrangement to sell the investment property located on Knutsford Boulevard. ....

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EFH Holdings Inc. Reports Fourth Quarter and Full Year 2020 Results

/CNW/ - EFH Holdings Inc. ("EFH" or the "Company") (TSXV: EFH) which operates in the property and casualty insurance industry in Canada, today reported net. ....

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Annual Review Of Federal Financial Institution Legislation - Coronavirus (COVID-19)

In a statement issued by the Superintendent
released on July 13, 2020, OSFI signalled a gradual restart of
OSFI s policy development work in the fall of 2020. On August
31, 2020, OSFI announced in a series of letters issued to industry that it
would unwind certain of the temporary measures put in place at the
beginning of the pandemic, including a gradual phaseout of the
special capital treatment of loan and insurance premium payment
deferrals that was provided to banks and insurers.
On December 12, 2020, OSFI announced that the domestic stability buffer
would remain at one per cent of total risk-weighted assets, stating
that DSB reduction in March continues to be effective and ....

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OSFI Issues Draft Revised Guideline B-2 In Respect Of Large Exposures By Property & Casualty Insurers - Insurance

On November 26, 2020, the Office of the Superintendent of
Financial Institutions (
OSFI ) issued
for public comment a draft revised Guideline B-2,
Property and
Casualty Large Insurance Exposures and Investment
Concentration (the
Draft
Guideline ) which would replace the current Guideline
B-2,
Investment Concentration Limit for Property and Casualty
Insurance Companies (the
Current
Guideline ).
The significant changes to the Draft Guideline address single
large insurance exposures of federally regulated property and
casualty insurers (
P&C Insurers ).
The Draft Guideline departs from a proposal in 2018 (the

2018 Proposal ) that, among other
things, required that P&C Insurers be able to cover their three
largest policy limit losses. ....

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