SUMMER BREAK TIME

In keeping with our traditional publishing schedule, which we have operated on since our inception in 1988, Thompson’s is now officially on summer break. Our next weekly edition will be…

OSFI reviewing demutualization proposal

ECONOMICAL Insurance has submitted its demutualization conversion proposal to the federal regulator and its contents will remain confidential until a review is completed. The Office of the Superintendent of Financial…

Federal bill eases banks’ tech access

DESPITE vociferous concerns from Canada’s privacy commissioner and the Canadian Association of Mutual Insurance Companies, the Senate has passed the federal budget implementation bill without further amendments. It includes changes…

OSFI considering changes for reinsurers

CANADA’s federal regulator is considering changes to guidelines for prudential limits and restrictions and capital adequacy for reinsurers. In a new regulatory framework discussion paper released in June, the Office…