Canada News

Allied World Offers Trade Credit & Political Risk Products in Canada

Allied World Assurance Company Holdings AG announced its suite of trade credit & political risk insurance products are available in Canada, as part of the Global Crisis Management Division. This coverage helps clients mitigate the risk of non-payment due to …

UK’s Aviva to Buy Royal Bank of Canada Unit for North America Expansion

Aviva Plc, the U.K.’s second-biggest insurer by market value, agreed to buy a home and auto insurer from Royal Bank of Canada for C$582 million ($402 million) to expand in North America. The purchase will increase Aviva’s policy sales in …

H.W. Kaufman Financial Group Acquires Toronto-Based Technical Risk Services

H.W. Kaufman Financial Group, headquartered in Farmington Hills, Mich., has acquired Technical Risk Services (TRS), a Toronto, Canada-based specialist in loss control services, inspections, and risk control consulting. TRS is a full-service loss control inspection and consulting firm that has …

Aviva Canada Aims to Offer Ride-Sharing Insurance, with Uber Drivers in Mind

Aviva Canada aims to offer ride-sharing insurance to Ontario drivers who use their own vehicles to carry paying passengers starting next month, a service that could solve a major headache for ride-hailing company Uber Technologies Inc. The Canadian subsidiary of Aviva plc …

ACE Appoints Leadership Team for Canada, Effective 1st Quarter of 2016

ACE Ltd. announced the leadership team it has appointed for the company’s Canadian operations. The leadership appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016. As previously announced, Ellen …

Allianz Group’s AGCS Names Fellows Head of Market Management Canada

Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced that Robert J. Fellows has been named head of market management for Canada, effective January 4, 2016. Based in Toronto, he will report directly to Ulrich Kadow, chief agent for …

Canada’s Economical Insurance Moves Closer to Becoming Public Company

Economical Insurance, one of Canada’s largest property and casualty insurers, moved closer to becoming a public company after its board voted to demutualize. The 10-member board of directors recommended it convert to a shareholder-owned company from one owned by its policy …

Arthur J. Gallagher Buys Canada Broker Christie-Phoenix & Its Affiliate, Discovery

Arthur J. Gallagher, the international broking division of Arthur J. Gallagher & Co. outside of the United States, has extended its investment in Canada with the acquisition of retail insurance broker Christie-Phoenix (Victoria) Ltd. and its affiliate, Discovery Insurance Services Ltd. …

Allianz Global Corporate & Specialty Appoints McNulty as Head of Claims in Canada

Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced that Bernard McNulty has been named the head of claims Canada, effective immediately. Based in Toronto, he will report directly to Ulrich Kadow, chief agent Canada, with a …

Marsh & McLennan Agency Enters Canadian Market with Purchase of Vézina

Marsh & McLennan Agency LLC*, a subsidiary of Marsh, has acquired Vézina, a Montreal, Quebec-based independent insurance brokerage firm. The acquisition includes the property/casualty brokerage division Vézina Assurances Inc. and group benefits division Vézina & Associes. Terms of the transaction were …