Since 1979, 32 property and casualty insurers have been closed by Canada’s insurance regulators. PACICC’s involvement begins once an insurance regulator decides that they need to wind-up an insurer to protect the public interest.
Year wound-up | Insurer | Supervisory Authority |
2003 | Home Insurance Company | Federal |
2002 | Markham General Insurance Company | Ontario |
2001 | Alta Surety Company | Federal |
2001 | Canadian Millers’ Mutual Insurance Company | Ontario |
2001 | Reliance Insurance Company | Federal |
2000 | GISCO la Compagnie d’assurance | Quebec |
1995 | Kansa General International Insurance Co. Ltd | Federal |
1995 | Maplex General Insurance | Ontario |
1995 | Orion Insurance Company PLC | Federal |
1995 | Abstainers Insurance Company | Ontario |
1994 | Hiland Insurance Company | Newfoundland |
1993 | Beothic General Insurance Company | Newfoundland |
1993 | English & American Insurance Company | Federal |
1991 | Canadian Universal Insurance Company | Newfoundland |
1990 | National Employers Mutual General Insurance | Federal |
1989 | Advocate General Insurance Company | Federal |
1989 | American Mutual Liability Insurance | Federal |
1989 | The Century Insurance Company of Canada | Federal |
1989 | Eaton Bay Insurance Company | Federal |
1989 | Ontario General Insurance Company | Ontario |
1989 | Phoenix Assurance Company of Canada | Federal |
1986 | Midland Insurance Company | Federal |
1986 | United General Insurance Company | Federal |
1985 | Ideal Mutual Insurance Company | Federal |
1985 | Northumberland Insurance Company | Federal |
1984 | Mennonite Mutual Hail Insurance Company | Saskatchewan |
1983 | Canadian Great Lakes & Surety Company Ltd. | Ontario |
1983 | Northern Union Insurance Company | Manitoba |
1982 | Cardinal Insurance Company | Federal |
1981 | Pitts Insurance Company | Federal |
1981 | Strathcona General Insurance Company | Federal |
1979 | American Reserve Insurance Company | Federal |