Definity Insurance was hit with the maximum penalty after Ontario's Licence Appeal Tribunal found it ignored its own assessor ...

AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Rating ...

OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” ...

Definity Financial Corp. plans to sell around C$1 billion ($723 million) of debt in two parts as it prepares to close the acquisition of Travelers Canada, according to people familiar with the matter.

Definity Financial has concluded its acquisition of the personal insurance and most of the commercial insurance operations of the Travelers Companies in Canada for nearly C$3.3bn in cash. The ...