Nivedita Balu

1 week ago | insurancejournal.com | Nivedita Balu

Canadian property and casualty insurer Definity Financial’s $2.4 billion purchase of Travelers Cos.’ Canadian business could spur a wave of consolidation in Canada’s insurance sector, its CEO said. The deal announced Tuesday will establish Definity as the fourth-largest property and casualty insurer in Canada and helped shares hit a record high on Wednesday.

1 week ago | reuters.com | Nivedita Balu

TORONTO, May 28 (Reuters) - Canadian property and casualty insurer Definity Financial's (DFY.TO), opens new tab $2.4 billion purchase of Travelers Cos' (TRV.N), opens new tab Canadian business could spur a wave of consolidation in Canada's insurance sector, its CEO said. The deal announced Tuesday will establish Definity as the fourth-largest property and casualty insurer in Canada and helped shares hit a record high on Wednesday. Sign up here.

1 week ago | marketscreener.com | Nivedita Balu |Ateev Bhandari

Published on 05/28/2025 at 06:11, updated on 05/28/2025 at 10:42 (Reuters) -Bank of Montreal on Wednesday beat analysts' profit estimates and showed signs of recovery at its struggling business in the United States, sending shares up 3.5% in Toronto.

1 week ago | marketscreener.com | Nivedita Balu |Jaiveer Shekhawat

Published on 05/27/2025 at 06:10, updated on 05/27/2025 at 10:32 (Reuters) -Bank of Nova Scotia on Tuesday missed quarterly earnings estimates, burdened by a larger than expected sum of money put aside to shield against bad loans in a challenging environment riddled with trade uncertainties.

2 weeks ago | ca.marketscreener.com | Nivedita Balu |Arasu Kannagi Basil

Published on 2025-05-22 at 08:12 (Reuters) - Canada's second largest lender TD Bank on Thursday reported better-than-expected quarterly earnings driven by growth at its capital markets business, as a volatile environment boosted trading activity. The lender also announced a restructuring program to save up to C$650 million annually, including layoffs of about 2% or some 2,000 of its employees, business wind-downs and exits.