June/July 2010 extras

  • Senate report proposes voluntary group savings plan for Canadians

    A Senate Committee report called for several changes to Canada’s retirement savings system, including a proposal to establish a voluntary retirement savings plan and a recommendation to allow Canadians an additional $100,000 lifetime contribution room in their Tax-Free Savings Accounts (TFSAs). Senator Michael Meighen, Chair of the Standing Senate Committee […]

  • Quebec MGAs called on to regroup their forces

    Rising regulatory pressures mean Quebec’s MGAs need to begin working together to rebuild an association for themselves or join CAILBA as a Quebec chapter, said panellists at The Insurance and Investments Convention on Nov. 9 in Montreal. During the summer of 2009, Quebec’s MGA organization, Association des cabinets gestionnaires de […]

  • AXA offers all-in-one mortgage insurance policy

    On Oct. 1, AXA Canada introduced Loan Insurance, a credit insurance product that offers life coverage with multiple terms. Insured can tack on disability, critical illness and assistance. The life component: offers a choice between 10, 15, 20 and 25 year terms for individual, joint-first-to-die or multi-life, up to six […]

  • Optimum: prudent management drives business growth

    Optimum Group sales soared by 28% from 2008 to 2009. The insurer’s secret: prudent investment management. Return on shareholder’s equity was 12.8%, mirroring the average performance of the last ten years. Since the early 2000s, sales growth at Optimum has slowed, stunted by the variation in the Canadian dollar compared […]