General Assurance Company

Supreme Court of Canada - Decisions - Citadel General Assurance Co ...

The Cause had real cognition of the wild of the funds in the Bear On history and had an obligation to inquire almost their set in the circumstances. The Make closed its eyes in circumstances which need stimulate caused it to inquire of its client at minimum. It did not do so. The Must had creative cognition and is a creative trustee inside the cases . . . .

. . . we give arrive to the ending that we cannot order on the symmetry of probabilities that this cant, once it honoured the commission to wage, was awake that it was running taboo money in transgress of whatever bank between the defaulting company and the insurance company. We do not accept some trouble with the test determination that the cant had whatever warning that this was the cause. Birth that is not decent. Nor do we remember this is an pat type in which to swear on wilful blindness.

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News/2005/AXA Canada to acquire The Citadel General Assurance Company

AXA Canada announced it has entered into an accord to corrupt Winterthur Canada Financial Corporation, whose intense plus is The Citadel General Assurance Company ("Citadel"). The skill is theme to diverse conditions, including the blessing of Canadian regulatory authorities. Possess wish be ca. CAD310 million. The skill leave be financed internally by the AXA Experience.

Headquartered in Toronto, Citadel sells accident and illness , liability, place and automobile insurance. With many 350 employees, the company distributes its products done a web of about 350 main holding and casualty brokers, and 1,200 accident and illness brokers and profit consultants throughout Canada. In 2004, the company had revenues of CAD330.5 million and assets of CAD669 million.

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Permanent General

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