Canada News

Willis North America to Acquire Canadian Benefits Broker Avalon Actuarial

Willis North America, a unit of Willis Group Holdings, announced that it has entered into a definitive agreement to acquire the assets of Avalon Actuarial Inc., a Canadian employee benefits brokerage and actuarial consulting services firm. Avalon Actuarial was founded …

Hub International Acquires Canada Broker Huestis Commercial Insurance

Chicago-based Hub International Limited announced that it has acquired the shares of Huestis Commercial Insurance Ltd. (HCIL), a Saint John, New Brunswick, Canada-based insurance brokerage firm. Terms of the acquisition were not disclosed. Hub’s bulletin explained that “HCIL, which operates …

Finaccord Analyzes Prof. Indemnity Insurance in Australia, Canada, So. Africa

New research, conducted by market research consultants Finaccord, reveals that “competition among underwriters of professional indemnity insurance in Australia and Canada is at least as strong as in Europe’s more developed markets while South Africa is likely to provide growth …

Verisk Crime Analytics Launches Cargo Theft Prevention Systems in Canada

Verisk Crime Analytics has launched national information sharing systems designed to help Canadian insurers and their policyholders combat the growing problems of cargo and heavy equipment theft. Verisk Crime Analytics is a unit of Verisk Analytics, a source of information …

XL Group Names Fisher to Lead Canadian Reinsurance Operations

XL Group plc’s reinsurance operations in Bermuda announced the appointment of Tim Fisher as Senior Vice President & Canadian Branch Manager.   He reports to Managing Director & Head of Casualty Reinsurance in North America Christopher Buse, and is responsible …

IBC Estimates Alberta Wind, Thunderstorm Insured Losses over $100 Million*

The Insurance Bureau of Canada (IBC) reports that the estimated insured damage caused by the recent severe thunderstorm event that hit the Edmonton area in July amounts to more than $100 million.  The IBC noted that the estimate, “reported by …

ING Considering Sale of UK, Canadian Online Banks

The Netherlands-based group ING, which has been forced to sell assets in return for receiving state aid during the financial crisis, said it is considering the sale of its UK and Canadian online banking units, estimated to be worth about …

Legal Expert Taherbhai Joins Aon Infrastructure Solutions in Canada

Aon Infrastructure Solutions, the global risk advisory group for alternative project delivery of Aon plc, announced that Tariq Taherbhai has joined the firm as a director of the unit. He has “extensive legal experience and contractual risk management expertise in …

Catlin Names Huebel CEO of Canadian Unit, Other Executive Changes

The Bermuda-based Catlin Group Limited announced that David Huebel will take over as CEO of Catlin Canada, effective July 3. Catlin Canada is the Group’s Canadian underwriting hub, headquartered in Toronto with offices in Calgary, Montreal and Vancouver. Catlin Canada’s …

Applied Systems Names Purdy Sr. VP, General Mgr. for Canadian Operations

Insurance software company Applied Systems announced that Jeffrey D. Purdy has been appointed senior vice president and general manager of Applied Systems Canada. He is an Ontario native and a Canadian insurance industry veteran. Purdy will be responsible for Applied …