Canada Gazette, Part I, Volume 153, Number 36: MISCELLANEOUS NOTICES
September 7, 2019
AXA INSURANCE COMPANY
XL SPECIALTY INSURANCE COMPANY
ASSUMPTION REINSURANCE AGREEMENT
Notice is hereby given that AXA Insurance Company (“AXA”), pursuant to section 587.1 of the Insurance Companies Act (Canada), intends to make an application to the Superintendent of Financial Institutions (Canada) [the “Superintendent”] on or after October 8, 2019, for the Superintendent’s approval to cause itself to be reinsured by XL Specialty Insurance Company (“XLSIC”) by way of an assumption reinsurance agreement (the “Assumption Reinsurance Agreement”), under which AXA shall agree to cede to XLSIC, and XLSIC shall agree to reinsure, on an assumption basis, all of the risks undertaken by AXA in respect of its policies in Canada, including all present and future obligations under such risks.
A copy of the proposed Assumption Reinsurance Agreement will be available for inspection by the policyholders of the Canadian branches of AXA and XLSIC during regular business hours at the offices of the Chief Agent of the Canadian branch of AXA located at 40 King Street West, Suite 2100, Toronto, Ontario M5H 3C2 and the Chief Agent of the Canadian branch of XLSIC located at 100 King Street West, Suite 3020, Toronto, Ontario M5X 1C9, for a period of 30 days following publication of this notice. Any policyholder who wishes to obtain a copy of the Assumption Reinsurance Agreement may do so in writing to either Chief Agent at the above-noted addresses.
Toronto, September 7, 2019
AXA Insurance Company
XL Specialty Insurance Company
WESTERN LIFE ASSURANCE COMPANY
REDUCTION OF STATED CAPITAL
In accordance with subsection 79(5) of the Insurance Companies Act (Canada) [the “Act”], notice is hereby given of the intention of Western Life Assurance Company (the “Company”), having its head office in Winnipeg, Manitoba, Canada, to apply to the Superintendent of Financial Institutions (Canada) for approval to reduce the stated capital of the Company pursuant to a special resolution passed by the sole shareholder on July 22, 2019, which reads as follows:
“RESOLVED AS A SPECIAL RESOLUTION THAT
- the stated capital account maintained by the Company for its common shares be reduced, pursuant to section 79 of the Act, to one dollar ($1.00) effective December 31, 2019, at 11:59:59 p.m., subject to written approval of the reduction in stated capital by the Superintendent of Financial Institutions; and
- any director or officer of the Company or designate thereof be and he or she is authorized and directed, for and on behalf of the Company, to make application to the Superintendent of Financial Institutions for approval of the reduction in stated capital and to do all such other acts or things as he or she may determine to be necessary or advisable to give effect to this resolution, including the publication of notice in the Canada Gazette, the doing of any such act or thing being conclusive evidence of such determination.”
Any person who objects to the proposed stated capital reduction may submit an objection in writing to the Chief Operating Officer of the Company, 200 Main Street, Winnipeg, Manitoba, R3C 1A8, on or before October 7, 2019.
Winnipeg, September 7, 2019
Western Life Assurance Company