

Currently released so far... 12453 / 251,287
Browse latest releases
2010/12/01
2010/12/02
2010/12/03
2010/12/04
2010/12/05
2010/12/06
2010/12/07
2010/12/08
2010/12/09
2010/12/10
2010/12/11
2010/12/12
2010/12/13
2010/12/14
2010/12/15
2010/12/16
2010/12/17
2010/12/18
2010/12/19
2010/12/20
2010/12/21
2010/12/22
2010/12/23
2010/12/24
2010/12/25
2010/12/26
2010/12/27
2010/12/28
2010/12/29
2010/12/30
2011/01/01
2011/01/02
2011/01/04
2011/01/05
2011/01/07
2011/01/09
2011/01/10
2011/01/11
2011/01/12
2011/01/13
2011/01/14
2011/01/15
2011/01/16
2011/01/17
2011/01/18
2011/01/19
2011/01/20
2011/01/21
2011/01/22
2011/01/23
2011/01/24
2011/01/25
2011/01/26
2011/01/27
2011/01/28
2011/01/29
2011/01/30
2011/01/31
2011/02/01
2011/02/02
2011/02/03
2011/02/04
2011/02/05
2011/02/06
2011/02/07
2011/02/08
2011/02/09
2011/02/10
2011/02/11
2011/02/12
2011/02/13
2011/02/14
2011/02/15
2011/02/16
2011/02/17
2011/02/18
2011/02/19
2011/02/20
2011/02/21
2011/02/22
2011/02/23
2011/02/24
2011/02/25
2011/02/26
2011/02/27
2011/02/28
2011/03/01
2011/03/02
2011/03/03
2011/03/04
2011/03/05
2011/03/06
2011/03/07
2011/03/08
2011/03/09
2011/03/10
2011/03/11
2011/03/13
2011/03/14
2011/03/15
2011/03/16
2011/03/17
2011/03/18
2011/03/19
2011/03/20
2011/03/21
2011/03/22
2011/03/23
2011/03/24
2011/03/25
2011/03/26
2011/03/27
2011/03/28
2011/03/29
2011/03/30
2011/03/31
2011/04/01
2011/04/02
2011/04/03
2011/04/04
2011/04/05
2011/04/06
2011/04/07
2011/04/08
2011/04/09
2011/04/10
2011/04/11
2011/04/12
2011/04/13
2011/04/14
2011/04/15
2011/04/16
2011/04/17
2011/04/18
2011/04/19
2011/04/20
2011/04/21
2011/04/22
2011/04/23
2011/04/24
2011/04/25
2011/04/26
2011/04/27
2011/04/28
2011/04/29
2011/04/30
Browse by creation date
Browse by origin
Embassy Athens
Embassy Asuncion
Embassy Astana
Embassy Asmara
Embassy Ashgabat
Embassy Apia
Embassy Ankara
Embassy Amman
Embassy Algiers
Embassy Addis Ababa
Embassy Accra
Embassy Abuja
Embassy Abu Dhabi
Embassy Abidjan
Consulate Auckland
Consulate Amsterdam
Consulate Adana
American Institute Taiwan, Taipei
Embassy Bujumbura
Embassy Buenos Aires
Embassy Budapest
Embassy Bucharest
Embassy Brussels
Embassy Bridgetown
Embassy Bratislava
Embassy Brasilia
Embassy Bogota
Embassy Bishkek
Embassy Bern
Embassy Berlin
Embassy Belmopan
Embassy Belgrade
Embassy Beirut
Embassy Beijing
Embassy Banjul
Embassy Bangkok
Embassy Bandar Seri Begawan
Embassy Bamako
Embassy Baku
Embassy Baghdad
Consulate Barcelona
Embassy Copenhagen
Embassy Conakry
Embassy Colombo
Embassy Chisinau
Embassy Caracas
Embassy Canberra
Embassy Cairo
Consulate Curacao
Consulate Ciudad Juarez
Consulate Chennai
Consulate Casablanca
Consulate Cape Town
Consulate Calgary
Embassy Dushanbe
Embassy Dublin
Embassy Doha
Embassy Djibouti
Embassy Dili
Embassy Dhaka
Embassy Dar Es Salaam
Embassy Damascus
Embassy Dakar
Consulate Dubai
Embassy Helsinki
Embassy Harare
Embassy Hanoi
Consulate Ho Chi Minh City
Consulate Hermosillo
Consulate Hamilton
Consulate Hamburg
Consulate Halifax
Embassy Kyiv
Embassy Kuwait
Embassy Kuala Lumpur
Embassy Kinshasa
Embassy Kingston
Embassy Kigali
Embassy Khartoum
Embassy Kathmandu
Embassy Kampala
Embassy Kabul
Consulate Kolkata
Embassy Luxembourg
Embassy Luanda
Embassy London
Embassy Ljubljana
Embassy Lisbon
Embassy Lima
Embassy Lilongwe
Embassy La Paz
Consulate Lahore
Consulate Lagos
Mission USOSCE
Mission USNATO
Mission UNESCO
Embassy Muscat
Embassy Moscow
Embassy Montevideo
Embassy Monrovia
Embassy Minsk
Embassy Mexico
Embassy Mbabane
Embassy Maputo
Embassy Manila
Embassy Manama
Embassy Managua
Embassy Malabo
Embassy Madrid
Consulate Munich
Consulate Mumbai
Consulate Montreal
Consulate Monterrey
Consulate Milan
Consulate Melbourne
Embassy Nicosia
Embassy Niamey
Embassy New Delhi
Embassy Ndjamena
Embassy Nassau
Embassy Nairobi
Consulate Naples
Consulate Naha
Embassy Pristina
Embassy Pretoria
Embassy Prague
Embassy Port Of Spain
Embassy Port Louis
Embassy Port Au Prince
Embassy Phnom Penh
Embassy Paris
Embassy Paramaribo
Embassy Panama
Consulate Peshawar
REO Basrah
Embassy Rome
Embassy Riyadh
Embassy Riga
Embassy Reykjavik
Embassy Rangoon
Embassy Rabat
Consulate Rio De Janeiro
Consulate Recife
Secretary of State
Embassy Suva
Embassy Stockholm
Embassy Sofia
Embassy Skopje
Embassy Singapore
Embassy Seoul
Embassy Sarajevo
Embassy Santo Domingo
Embassy Santiago
Embassy Sanaa
Embassy San Salvador
Embassy San Jose
Consulate Strasbourg
Consulate St Petersburg
Consulate Shenyang
Consulate Shanghai
Consulate Sao Paulo
Embassy Tunis
Embassy Tripoli
Embassy Tokyo
Embassy The Hague
Embassy Tel Aviv
Embassy Tehran
Embassy Tegucigalpa
Embassy Tbilisi
Embassy Tashkent
Embassy Tallinn
Consulate Toronto
Consulate Tijuana
USUN New York
USEU Brussels
US Office Almaty
US Mission Geneva
US Interests Section Havana
US Delegation, Secretary
UNVIE
Embassy Ulaanbaatar
Embassy Vilnius
Embassy Vienna
Embassy Vatican
Embassy Valletta
Consulate Vladivostok
Consulate Vancouver
Browse by tag
ASEC
AORC
AMGT
APER
AU
AF
AS
ACBAQ
AFGHANISTAN
AFIN
AR
AE
AJ
ADANA
AEMR
AG
ATRN
ADPM
APECO
AGAO
AMED
AX
AM
AL
ADCO
AA
AECL
AADP
ABUD
AMEX
ACAO
ANET
AODE
ASCH
AY
APEC
AID
AORG
ASEAN
AFSI
AFSN
AINF
AGR
AROC
AO
AMBASSADOR
AFFAIRS
ASIG
ABLD
ASUP
AND
ARM
ARF
AQ
ATFN
AC
ACOA
AORL
ADM
AUC
AGMT
ACABQ
ASEX
AFU
ALOW
AZ
APCS
AVERY
ASECKFRDCVISKIRFPHUMSMIGEG
AER
AN
AIT
AMG
AGRICULTURE
AMCHAMS
ACS
BR
BA
BD
BL
BO
BF
BU
BILAT
BEXP
BRUSSELS
BK
BN
BM
BT
BY
BX
BTIO
BIDEN
BG
BE
BP
BBSR
BC
BTIU
BWC
BB
BH
BMGT
CH
CY
CA
CU
CS
CO
CVIS
CPAS
CMGT
CE
COUNTER
CASC
COUNTRY
CJAN
COUNTERTERRORISM
CG
CI
CD
CIDA
CJUS
CDG
CBSA
CEUDA
CR
CM
CLMT
CAC
CBW
CODEL
COPUOS
CWC
CIC
CW
CBE
CHR
CFED
CT
CONS
CIA
CTM
CDC
CVR
CF
CLINTON
CITEL
CLEARANCE
COE
CN
CACS
CAN
CONDOLEEZZA
CB
CSW
CITT
CARSON
CNARC
CACM
CDB
CARICOM
COM
CROS
CAPC
CTR
CV
CKGR
CBC
CL
CICTE
CIS
ECON
EFIN
ELAB
ETRD
EIND
EC
EINV
EAGR
ENRG
ETTC
EAID
EPET
ELTN
EWWT
EAIR
EFIS
EMIN
EG
EU
ER
EUN
EPA
ENVI
EXTERNAL
ECPS
ENGR
ETRC
ECIN
EN
EI
ELN
ET
EINT
ETRDEINVTINTCS
ES
ETRDEINVECINPGOVCS
EZ
ETRO
EDU
ETRN
EFTA
EAIG
EK
EUREM
EURN
ECONCS
ECONOMICS
ENVR
ELECTIONS
EAP
ENIV
ECONOMY
ESA
EINN
ECONOMIC
EIAR
EXBS
ECA
ECUN
EINDETRD
EUR
EREL
EUC
ESENV
ECONEFIN
ECIP
ENERG
ENNP
EFINECONCS
EFIM
ENGY
EAIDS
EINVEFIN
EINVETC
EUMEM
ETRA
ETC
ERNG
ETRDECONWTOCS
EUNCH
ECINECONCS
EINVECONSENVCSJA
EXIM
ERD
EEPET
IR
IS
IZ
IAEA
IO
IAHRC
ID
IC
IT
IRAQI
IWC
IN
IL
ISLAMISTS
IV
ICAO
INDO
ITPHUM
ITPGOV
ITALIAN
IPR
ICRC
INTERPOL
IQ
IBET
IMO
INR
ITRA
INTERNAL
ICJ
ICTY
IRS
ILO
INRA
INRO
ISRAELI
IEA
INRB
ITALY
ITU
IBRD
IIP
ILC
INTELSAT
IZPREL
IMF
INMARSAT
IRAJ
IDA
ICTR
IA
IGAD
IF
IDP
ITF
ISRAEL
IEFIN
IRC
IACI
KN
KCRM
KOMC
KNNPMNUC
KIPR
KPAL
KWBG
KSCA
KFRD
KNNP
KUNR
KTIP
KWMN
KSTC
KFLU
KOLY
KISL
KPAO
KMDR
KJUS
KSTH
KDEM
KCOR
KIRF
KAWC
KU
KTFN
KWAC
KNPP
KERG
KSEO
KACT
KHLS
KZ
KGHG
KTIA
KFRDCVISCMGTCASCKOCIASECPHUMSMIGEG
KCRCM
KE
KPKO
KCIP
KDRG
KVPR
KV
KIDE
KICC
KPRP
KBIO
KSUM
KGIT
KCFE
KG
KBTS
KFLO
KMPI
KS
KGIC
KPAI
KHSA
KTLA
KSEP
KTEX
KFSC
KOCI
KHDP
KPLS
KTDB
KHIV
KCSY
KSAC
KTRD
KID
KMRS
KOM
KSAF
KRVC
KR
KMOC
KNAR
KIRC
KBCT
KSPR
KFIN
KBTR
KJUST
KNEI
KAWK
KGCC
KMCA
KREL
KMFO
KFRDKIRFCVISCMGTKOCIASECPHUMSMIGEG
KFTFN
KVRP
KCOM
KO
KLIG
KAID
KVIR
KNSD
KHUM
KSEC
KRAD
KPRV
KCMR
KPWR
KCHG
KIFR
KCFC
KICA
KPIN
KSCI
KESS
KDEV
KTBT
KCRS
KCGC
KOMS
KRIM
KTER
KREC
KPOA
KWWMN
KRGY
KPAK
KWNM
KMIG
KDDG
KRFD
KWMM
KWMNCS
KX
KRCM
KPAONZ
KNUC
KDEMAF
KNUP
MARR
MOPS
MASS
MCAP
MTCRE
MNUC
MIL
MX
MEDIA
MO
MPOS
MU
ML
MA
MP
MY
MERCOSUR
MG
MD
MW
MK
MAS
MEETINGS
MR
MT
MI
MOPPS
MASC
MTS
MLS
MILI
MAR
MTRE
MEPN
MAPP
MTCR
MEPI
MQADHAFI
MAPS
MARAD
MASSMNUC
MEPP
MCC
MZ
MILITARY
MDC
MRCRE
MC
MV
MIK
MUCN
NATO
NL
NZ
NPT
NI
NAFTA
NU
NDP
NIPP
NP
NPA
NG
NRR
NO
NSC
NEW
NE
NH
NR
NA
NS
NSF
NZUS
NATIONAL
NSG
NC
NT
NAR
NK
NGO
NV
NSFO
NSSP
NASA
NW
NPG
NORAD
NATOPREL
OTRA
OAS
OPRC
OIIP
OVIP
OREP
OPDC
OEXC
OSCE
OFFICIALS
OMIG
ODIP
OFDP
OECD
OPIC
OBSP
OPCW
OFDA
OTR
OSAC
OSCI
ON
OCII
OES
OVP
OIC
OPAD
OIE
OHUM
OCS
PREL
PGOV
PK
PHUM
PINS
PARM
PA
PTER
PINR
PREF
PHSA
PBTS
PBIO
PO
POL
PE
PARMS
PM
PROG
PL
PAK
POLITICS
PORG
PTBS
PNAT
PUNE
POLICY
PDOV
PCI
PROP
PGOVSMIGKCRMKWMNPHUMCVISKFRDCA
PBT
PP
PS
PAO
PG
PY
PTERE
PGOF
PALESTINIAN
PKFK
PSOE
PEPR
PPA
PINT
PMAR
PRELP
PSEPC
PREFA
PGOVE
PINF
PHUMPGOV
PNG
PMIL
PGOC
PFOR
PCUL
PLN
PSA
PGIV
POLINT
PAS
POGOV
PHUMPREL
PHUMBA
PEL
PGGV
PNR
PHALANAGE
PARTY
PGOVLO
PRAM
PHUS
PDEM
PECON
PF
POV
PROV
PRL
PREO
PAHO
PHUH
PSI
PINL
PU
PRGOV
PAIGH
POLITICAL
PARTIES
POSTS
RS
RU
REACTION
REPORT
REGION
RIGHTS
RO
RW
RCMP
RF
RM
RFE
RSP
RP
RICE
ROBERT
ROOD
RELATIONS
RIGHTSPOLMIL
RUPREL
RSO
SU
SNAR
SO
SOCI
SW
SENV
SMIG
SCUL
SP
SZ
SENVKGHG
SR
SY
SA
SYRIA
SF
SI
SC
SWE
SARS
STEINBERG
SN
SG
SIPRS
ST
SEVN
SL
SPCE
SNARIZ
SSA
SNARCS
SYR
SK
SPCVIS
SHUM
SIPDIS
SHI
SH
SOFA
SEN
SNARN
SAARC
SAN
SANC
SCRS
TRGY
TBIO
TU
TF
TERRORISM
TI
TSPL
TPHY
TH
TIP
TSPA
TC
TO
TW
TX
TZ
TNGD
TT
TL
TV
TFIN
TS
TRSY
TINT
TN
TURKEY
TBID
TD
TK
TR
THPY
TP
TAGS
UNGA
UN
UK
US
UNC
UNSC
USUN
UG
UP
UY
USEU
UNESCO
USPS
USTR
UZ
UNHRC
UNO
UNMIK
UNAUS
UNHCR
UNCHR
USAID
UNVIE
UAE
USOAS
UNFICYP
UV
UNEP
UNODC
UNCHS
UNIDROIT
UNDESCO
UNDC
UNCHC
UNDP
UNCND
USNC
UNPUOS
UNICEF
UNCSD
UE
Browse by classification
Community resources
courage is contagious
Viewing cable 05TORONTO2697, The Canadian Financial Sector: U.S. Life
If you are new to these pages, please read an introduction on the structure of a cable as well as how to discuss them with others. See also the FAQs
Understanding cables
Every cable message consists of three parts:
- The top box shows each cables unique reference number, when and by whom it originally was sent, and what its initial classification was.
- The middle box contains the header information that is associated with the cable. It includes information about the receiver(s) as well as a general subject.
- The bottom box presents the body of the cable. The opening can contain a more specific subject, references to other cables (browse by origin to find them) or additional comment. This is followed by the main contents of the cable: a summary, a collection of specific topics and a comment section.
Discussing cables
If you find meaningful or important information in a cable, please link directly to its unique reference number. Linking to a specific paragraph in the body of a cable is also possible by copying the appropriate link (to be found at theparagraph symbol). Please mark messages for social networking services like Twitter with the hash tags #cablegate and a hash containing the reference ID e.g. #05TORONTO2697.
Reference ID | Created | Released | Classification | Origin |
---|---|---|---|---|
05TORONTO2697 | 2005-10-14 11:11 | 2011-04-28 00:12 | UNCLASSIFIED//FOR OFFICIAL USE ONLY | Consulate Toronto |
This record is a partial extract of the original cable. The full text of the original cable is not available.
141108Z Oct 05
UNCLAS SECTION 01 OF 03 TORONTO 002697
SIPDIS
STATE FOR EB A/S TONY WAYNE
STATE FOR WHA/CAN, EB/IFD, INR
STATE FOR WHA DAS WHITAKER
USDOC FOR 3000/ITA U/S RHONDA KEENUM
USDOC FOR 432/ITA/IAA/BASTIAN/RUDMAN/FOX
TREASURY FOR U/S (INTERNATIONAL AFFAIRS) TIMOTHY ADAMS
TREASURY FOR U/S (DOMESTIC FINANCE) RANDY QUARLES
TREASURY FOR PATRICIA BROWN
DEPT ALSO PASS USTR FOR J. MELLE AND S. CHANDLER
DEPT PASS SEC - MARISA LAGO
DEPT PASS FEDERAL RESERVE BOARD
DEPT PASS TO IRS - COMMISSIONER MARK EVERSON
WHITE HOUSE/NSC - KIM BRIER AND SUE CRONIN
SENSITIVE
E.O. 12958: N/A
TAGS: EINV EFIN PREL KPAO CA US
SUBJECT: The Canadian Financial Sector: U.S. Life
Insurers in Canada Complain of IRS Ruling 2004-75
Ref: (A) Toronto 2609 (B) Toronto 2638
Sensitive but Unclassified - Protect Accordingly.
¶1. (U) This cable contains an action request; see
paragraph 9.
¶2. (U) This message is one in a series reviewing the
Canadian financial services sector from a cross-border,
North American integration perspective. In September
2005 the Toronto Financial Services Alliance sponsored
roundtables for ConGen Toronto with industry sector
experts in venture capital (ref (B)), banking (septel),
securities (septel), and insurance.
¶3. (SBU) SUMMARY: During a September 27 financial
services roundtable on the insurance sector held for
ConGen Toronto, the Canadian Life and Health Insurance
trade association (CLHIA) complained that IRS Ruling
2004-75 is "a real headache" for U.S. companies doing
business in Canada because it imposes extra-territorial
taxation on Canadians who receive benefit payments from
U.S. insurance carriers. This effectively subjects
them to double-taxation in both Canada and the U.S.
The net effect is to reduce significantly the
competitiveness of U.S. life insurers in the Canadian
market place. Several written requests from both
Canadian and U.S. trade associations to Canadian and
U.S. authorities have so far not/not produced any
results. END SUMMARY.
Background: Canada's Life Insurance Sector
------------------------------------------
¶4. (SBU) Established in 1894, the Canadian Life and
Health Insurance Association (CLHIA) prides itself on
being Canada's oldest trade association. Canada's life
insurance industry is highly globalized, with more than
half of the industry's annual premiums being generated
outside Canada - C$65 billion - compared to C$58
billion within in Canada. The industry's biggest
growth areas are wealth management and health
insurance, with life insurance in relative decline and
disability insurance growing only modestly.
¶5. (SBU) An industry trend among Canada's best known
life insurance firms to demutualize (i.e., change their
ownership structure from "member owned" to "shareholder
owned") was completed in the late 1990s: Clarica,
Manulife, Canada Life, and Industrial Alliance in 1999,
and SunLife in 2000. Demutualization was followed by
some limited merger activity that reduced the number of
life insurers in Canada from 163 in 1990 to 105 in
¶2004. The most prominent mergers were SunLife's
acquisition of Clarica (2002) and Great-West Life's
acquisition of Canada Life (2004) - permitted by the
federal government as compatible with its financial
services sector dictum that "big shall not buy big."
Frustrated with the federal government's no merger
policy among big financial services providers, Manulife
Financial, Canada's biggest insurer, bought Boston-
based John Hancock Financial services in the spring of
2004 for US$15 billion in the biggest Canadian cross-
border financial services deal in history.
¶6. (U) The CLHIA counts 28 U.S. life insurance
branches and 11 U.S.-owned subsidiaries among its
approximately 100 members. U.S. life insurance
companies in Canada hold some 1 million policies with
Canadians and pay annual benefits in excess of C$2.75
billion to those Canadian policy-holders. U.S. members
of CLHIA whose Canadian clients are double taxed as a
result of IRS Ruling 2004-75 include State Farm, Met
Life, American Income, Fortis Benefits, Combined of
America, Knights of Columbus, and Prudential of
America.
CLHIA Questions IRS Ruling 2004-75
----------------------------------
¶7. (SBU) By far the biggest cross-border issue for the
CLHIA is IRS Ruling 2004-75. The CLHIA representatives
present at the September 27 roundtable held for ConGen
Toronto asked for assistance in eliminating what it
calls "inappropriate extra-territorial taxation of
Canadians by the United States." According to the
CLHIA, IRS ruling 2004-75 -- harms U.S. companies
conducting business in Canada. As a senior CLHIA Vice-
President explained, the U.S. Internal Revenue Service
announced in June 2004 the extra-territorial
application of withholding taxes to benefit payments
from life insurance policies (and annuity contracts)
issued to non-U.S. residents by foreign branches of
U.S.-based life insurance companies. The effect of IRS
Ruling 2004-75 is to subject Canadian residents,
contracting in Canada with Canadian branches of U.S.
companies, to U.S. taxes, even where those individuals
have no U.S. property or other connection with the
United States. While apparently intended to address
specific problems in Puerto Rico, IRS Ruling 2004-75
was worded so that it applied on a worldwide basis. A
subsequent amendment, Ruling 2004-97, has similar
application.
¶8. (SBU) According to CLHIA, IRS Ruing 2004-75 creates
a problem of double taxation of Canadian residents who
receive benefits under policies with U.S. life insurers
operating in Canada. In addition to paying U.S.
withholding taxes, these Canadian residents already pay
taxes on their benefits under Canadian law. CLHIA told
us that all one million policies held by U.S. insurers
with Canadian residents are affected. The dollar value
of benefit payments subject to double taxation runs
above C$2.75 billion annually. Not surprisingly, the
CLHIA and its U.S. counterpart, the American Council of
Life Insurers, have contacted Canadian and U.S.
authorities in order to limit the scope of these IRS
Rulings, or exempt Canadian policyholders via an
amendment to the Canada-U.S. Tax Convention. Written
submission made in regard to IRS Ruling 2004-75
include:
--ACLI letter to IRS, July 21, 2004
--CLHIA letter to Len Farber (Canadian Dept. of
Finance) et al., October 15, 2004
--CLHIA letter to Patricia Brown (U.S. Treasury), July
26, 2005
--CLHIA letter to Brian Ernewein (Canadian Dept. of
Finance), August 8, 2005
(NOTE: Copies of these letters have been e-mailed to
Embassy Ottawa and WHA/CAN desk officers. END NOTE).
Action request
--------------
¶9. (SBU) ConGen Toronto requests Department follow up
with Treasury and the IRS to determine when U.S.
insurance companies operating in Canada can regain the
even playing field that they claim they have been
deprived of by the extra-territorial provisions of IRS
Ruling 2004-75.
List of Attendees
-----------------
¶10. (U) The roundtable included the trade associations
of Canada's life insurance sector (CLHIA), the
Insurance Bureau of Canada (IBC), as well as prominent
private sector stakeholders: Jim Witol, Vice-President
Taxation and Research, CLHIA; Jane Voll, Vice-President
Policy Development, IBC; Richard Dubin, Vice President
Investigative Services, IBC; Deirdre Martin, Senior
Counsel, IBC; Neil Skelding, President & CEO, RBC
Insurance; Michael Landry, Vice President Corporate
Development, Manulife Financial; Moira Gill, Director
Insurance regulatory Affairs, TD Financial Group; Bill
Pineau, Member relations, LOMA (an international
insurance industry association offering market research
and education programs targeted to insurance and
financial services companies). Represented from the
Toronto Financial Services Alliance were its President,
Janet Ecker (former Finance Minister of Ontario) and
Susan Viegas, City of Toronto, Economic Development
Bureau. Represented on the U.S. side were Consul
General Jessica LeCroy, Pol/Econ Consul Sherri
Holliday, Pol/Econ Officer Tom Boughter, Pol/Econ
Assistant Colin White, and Embassy Ottawa ECON Minister
Counselor, Brian Mohler.
LECROY