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