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9 February 2011 - AM Best removed on Tuesday from under review with "negative" implications the issuer credit rating (ICR) of Canadian GCAN Insurance Co and affirmed it at "a+".
The rating actions follow the recent acquisition of GCAN by Roins Financial Services Ltd (RFSL), a Canadian holding company whose ultimate parent is UK-based RSA Insurance Group plc (LON:RSA), the service specified.
The GCAN campaign to drain the dam and resurrect the long-lost red-walled cathedrals of Glen Canyon is headquartered in a refurbished ice cream shop in Moab, Utah.
13 October 2010 - AM Best placed on Tuesday under review with "negative" implications the "a+" issuer credit rating (ICR) of Canadian GCAN Insurance Co.
The under review status of the ICR reflects the possible effects to GCAN after the 4 October 2010 announcement that a definitive agreement was signed for the sale of GCAN by the Ontario Teachers' Pension Plan (OTPP) to Roins Financial Services Ltd (RFSL), a Canadian holding company whose ultimate parent is UK RSA Insurance Group plc (LON:RSA), the agency said.
The latest is the addition of Canadabased GCAN Insurance Company, for pounds 259m in cash from RSA's own resources.
GCAN is a leading Canadian midmarket, large risks and speciality commercial insurer dealing in the property, liability and motor sectors.
Effective June 30, the name of the company was changed to GCAN Insurance Co.
M2 EQUITYBITES-October 13, 2010--AM Best places GCAN Insurance's ICR on "negative" review(C)2010 M2 COMMUNICATIONS http://www.m2.com
Megan White is a spring 2011 BSN graduate from Georgia College and the outgoing chair of the Georgia College Association of Nursing Students (GCANS).
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- GCB (disambiguation)