BGICLBarclays Global Investors Canada Limited (Toronto)
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Standard & Poor's had placed its ratings on BGICL on CreditWatch due to uncertainties as to which entity would own the captive, and whether it would continue to provide insurance services to both parties.
Following the change of name of its parent to Transco Holdings PLC, BGICL announced its own change of name, effective from Oct.
Important factors that could cause the conversion to be delayed include the completion of systems development initiatives by both the Company and BGICL.