Intact Financial Corporation to acquire leading specialty insurer The Guarantee Company of North America and Frank Cowan Company Limited

Bolsters Intact’s leadership position in Canada

Brings Intact’s North American specialty lines platform close to its $3 billion annual Direct Premiums Written objective

    • Adds attractive surety business and expertise on both sides of the border
      Enhances specialty lines with public entity capabilities and adds an MGA to the platform
      Expands Intact’s personal lines…

  • Nevada Crypto ATM Operators Now Require Money Transmission License

    Nevada’s regulatory stance on cryptocurrency kiosks has shifted, now requiring a state money transmission license

    Speaking with CoinDesk, BitAML Senior Advisor Annelise Strader said Nevada abruptly and without announcement changed its regulatory stance on cryptocurrency kiosks.

    Following the last legislation session closing in May without passing a proposed cryptocurrency bill, Strader…

    Performance Bonds – Will the Liability Ever End?

    legislation

    Construction contracts for commercial projects, including the ongoing boom in apartment projects, routinely require the general contractor and/or the subcontractors to provide performance bonds. Performance bonds are also typically required on government construction projects. Note: Contracts that require performance bonds usually also require payment bonds, such that the term…

    Canada: Performance Bonds: The New Form 32 Under Section 85.1 Of The Ontario Construction Act

    Following up on our previous bulletin, Performance Bonds: What Project Finance Lenders Should Know, in this bulletin, we compare the widely used Canadian Construction Documents Committee’s Performance Bond Form 221-20021 (“CCDC Form”) with the new Form 32 – Performance Bond that is mandated for certain projects by the Ontario…

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