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AXA XL adds Zurich’s Arezes to Property Insurance team in Canada

Posted on 14 August 2019

Global re/insurer AXA XL has announced the appointment of Jennifer Arezes to its Property Insurance team in Canada as the firm targets national growth of its P&C Large Property business. Arezes will oversee the development and structuring of tailor-made risk solutions in order to win new business and retain existing customers, with particular focus on Canadian clients with global ...

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Brookfield buying controlling stake in Genworth MI Canada for $2.4B

Posted on 14 August 2019

Genworth Financial Inc. (GNW.N) agreed to sell its Canadian unit to Brookfield Business Partners LP (BBU.N) for $2.4 billion as it works to win regulatory approval for its acquisition by China Oceanwide Holdings Group Co. Brookfield Business Partners will purchase 48.9 million shares, or a 57 per cent stake, at $48.86 apiece in Genworth MI Canada Inc., giving it majority control of Ca ...

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Genworth to sell Canada mortgage unit to ease China deal

Posted on 14 August 2019

Genworth Financial Inc. agreed to sell its Canadian unit to Brookfield Business Partners for C$2.4 billion ($1.8 billion) as it works to win regulatory approval for its acquisition by China Oceanwide Holdings Group Co. Brookfield Business Partners will purchase 48.9 million shares, or a 57% stake, at C$48.86 apiece in Genworth MI Canada Inc., giving it majority control of Canada's lar ...

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Tridel and First Capital partner on Edenbridge

Posted on 14 August 2019

“We started a joint venture partnership with them a number of years back because they wanted to revitalize the overall plaza and introduce some condominiums to the area,” Tridel marketing vice-president Samson Fung told RENX. “The rest of the plaza will go through future development at some point, but we’re not quite clear yet what that will be.” Edenbridge suite mix an ...

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5 ways Mattamy Homes is building a cohesive community in Carrington

Posted on 14 August 2019

During the creation of Carrington in northwest Calgary, Mattamy Homes gave careful thought to how the community would look, but they gave equal attention to how the community would make people feel. Mattamy believes people should love their home, but they should love their community and feel connected to it as well. On the eve of the developer’s launch of the Enclave in Carrington, we ...

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Crombie REIT Announces Offering of $200 Million Series F Unsecured Notes and Redemption of $125 Million Series C Unsecured Notes

Posted on 14 August 2019

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / NEW GLASGOW, NS , Aug. 12, 2019 /CNW/ - Crombie Real Estate Investment Trust ("Crombie") (CRR-UN.TO), announced today that it entered into an agreement to issue $200 million aggregate principal amount of Series F Senior Unsecured Notes maturing August 26, 2026 (the "Series F No ...

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Why Brookfield Asset Management Is My 3rd Largest Position

Posted on 14 August 2019

Interest rates are hitting new lows, and the stock market valuations are historically high. This is causing a rush to real asset investments, with nearly $50 trillion expected over the decade ahead. The massive shift of capital will lead to some winners and losers. One way to profit here is to simply buy Brookfield - the #1 real asset investment specialist. ...

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Genworth Financial Surges on Brookfield Acquisition of Canadian Business

Posted on 14 August 2019

Brookfield Business Partners LP (BBU - Get Report) , the publicly traded investment arm of Brookfield Asset Management (BAM - Get Report) , on Tuesday said it agreed to buy majority control of Genworth MI Canada, one of the country's largest mortgage insurers, in a $2.1 billion deal.  Shares of Genworth Financial (GNW - Get Report)  soared on the news, jumping 13.25% to $4.36&nb ...

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Are rent-to-own plans right for you?

Posted on 13 August 2019

(NC) The warmer weather is here, which might mean it’s time to refresh your home with a new outdoor sofa or an air conditioner. Or it might mean shopping for a new car. You may be considering different payment plans, one of which is rent-to-own. What is a rent-to-own plan? One route some consumers look at is rent-to-own. These options are also known as lease-to-own, ...

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5 things to know before buying a new condo

Posted on 13 August 2019

(NC) Whether it’s your first time or you’re a repeat buyer, purchasing a new condo requires thorough planning and informed decision-making. This way, when you do make your purchase you can feel at ease knowing you fully understand what you’re getting into. To help you prepare, here are five things to know before buying a new condo: Your investment comes with a warranty. Your new ho ...