Canada News

Beazley Buys Canadian Specialty MGA, Creechurch Underwriters

Beazley is expanding its presence in Canada with the acquisition of the specialist managing general agent, Creechurch Underwriters. The financial terms of the transaction were not disclosed. Since its founding in 1996, Creechurch has built a strong reputation for providing …

Chubb Launches Services in Canada for High Net Worth, Family Office Clients

Chubb Insurance Co. of Canada has launched an array of complimentary services for its high net worth and family office customers. Signature Suite™ is designed to help protect and enhance affluent lifestyles by providing access to security services, travel safety experts, household risk …

PERILS Forms Alliance with CatIQ to Provide Industry Loss Data for Canada

PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data, has announced that it has entered a strategic alliance with Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ) to provide industry loss data for Canada via the PERILS Industry Loss …

H.W. Kaufman, Burns & Wilcox Canada Buy XN Canada Private Client Services

H.W. Kaufman Financial Group and Burns & Wilcox Canada announced they have acquired the high-value homeowner’s insurance practice from Quebec-based XN Financial Services Inc. (XN). A managing general agent and provider of insurance products, XN is a subsidiary of The …

Earthquake Risk: Spotlight on Canada

This post is part of a series sponsored by CoreLogic.  What is ‘The Big One’? When assessing earthquake risk in Canada, many commonly refer to ‘The Big One’ that will eventually strike British Columbia (B.C.). But what exactly is ‘The …

Canada’s Energy Firms at Risk from Cyber, Bomb Attacks: Security Service

Canada’s main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade explosives, according to a classified document seen by Reuters. …

BHSI Enters Canada Marine Market; Chubb’s Rider Tapped as Sr. U/W

Berkshire Hathaway Specialty Insurance (BHSI) announced it is introducing inland and ocean marine insurance in Canada and has named Gord Rider as senior marine underwriter. “We are pleased to welcome Gord to our team of marine specialists,” said John Evans, …

Canada’s CMW & Capri Insurance Services Announce Merger

CMW Insurance Services Ltd. and Capri Insurance Services Ltd. announced they merged on Jan. 1, 2017 to create “one of the largest insurance brokerages and risk management firms in Western Canada.” The two independent and employee-owned British Columbia-based companies have …

Canada’s 2016 Nat Cats Bring Record Insured Damages of $3.7B

Insured damages from Canadian natural catastrophes during 2016 topped C$4.9 billion (US$3.7 billion) – smashing the previous annual record of C$3.2 billion (US$2.4 billion) set in 2013, according to the Insurance Bureau of Canada. “From the wildfires that swept through Fort McMurray in May to the …

Hub Int’l Buys Canada’s Mainline Insurance Brokers & Affiliated Firms

Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and Cathedral Insurance Services (1995) Ltd. — all known as Mainline. Terms of the acquisition …