Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Wildfires in Canada’s Oil Sands Region Prompts Evacuation Orders
Apr 23 2024 // Wildfires erupted across Canada’s main oil producing province of Alberta and an evacuation order was issued as the region braces for a repeat of last year’s unprecedented season. Members of the indigenous first...
‘Zombie Fires’ Smoldering Near Oil and Gas Wells Threaten Canada’s Drillers
Apr 16 2024 // Leftover blazes from last year’s record wildfire season in Canada are threatening to knock out almost 3% of the country’s natural gas production. A total of 50 so-called zombie fires still smoldering beneath...
People Moves: Aon’s Re Solutions Promotes Sapra as CEO, India; BHSI Names du Ché as France Country Mgr; AXIS Canada Launches EIL Unit, Led by Liberty Mutual’s Nagata
Apr 15 2024 // This edition of International People Moves details appointments at Aon, Berkshire Hathaway Specialty Insurance (BHSI) and AXIS Capital Holdings. A summary of these new hires follows here. Aon Promotes Sapra as CEO of...
Drought, Heat Raise Risk of Repeat of Canada’s Record-Breaking Wildfires of 2023
Apr 12 2024 // Canada’s emergency preparedness minister warned Wednesday the country’s wildfire season could be more explosive than last year when it led to unprecedented smoke conditions across much of the country and into...
Suncor’s Syncrude Canada to Pay C$390,000 After Worker Fatality
Apr 9 2024 // Oil sands producer Syncrude Canada, majority-owned by Suncor Energy, will pay C$390,000 ($287,187.04) after pleading guilty to a health and safety charge relating to the death of a worker on one of its sites in June 2021,...
People Moves: HSB Canada Appoints Bellissimo as President and CEO; Canopius Taps Lee From AIG as CEO, Asia-Pacific & MENA
Apr 4 2024 // This edition of International People Moves details appointments at HSB Canada and Canopius Group. A summary of these new hires follows here. HSB Canada announced the appointment of Barbara Bellissimo as president and chief...
Canadian School Boards Sue Social Media Giants for Over C$4B in Damages
Apr 1 2024 // Four Canadian school boards have sought more than C$4 billion ($2.96 billion) in damages from social media firms such as Meta Platforms and Snap in a lawsuit, alleging that their products harmed students. The products are...
Canada’s Desjardins Acquires Insurance Company of Prince Edward Island
Mar 27 2024 // Canada-based Desjardins, through its subsidiary Desjardins General Insurance Group Inc., and ICPEI Holdings Inc. announced they have entered into definitive agreements for Desjardins to indirectly acquire all of...
Fires From 2023, Smoldering Under Snow, Reveal Canada’s Dangerous New Reality
Mar 27 2024 // As skiers glide down the slopes of British Columbia’s Whistler Mountain and ice fishers drop their lines into frozen lakes in Alberta, dozens of the fires whose smoke darkened North America’s skies last year...
Amynta Group Completes Acquisition of Canadian MGU, Sutton Special Risk
Mar 12 2024 // Amynta Group, the New York-based insurance services provider, announced the completion of the previously announced acquisition of Sutton Special Risk Inc., a managing general underwriter (MGU) of specialty insurance and...
Hub Int’l Acquires Canada Employee Benefits Specialist Zavitz Insurance and Wealth
Mar 7 2024 // Hub International Ltd., the Chicago-based insurance brokerage and financial services firm, announced it has acquired Zavitz Insurance and Wealth Inc. Terms of the transaction were not disclosed. Located in London, Ontario,...
People Moves: Marsh McLennan Names Liston US, Canada Chief Commercial Officer
Mar 1 2024 // Marsh McLennan, headquartered in New York, appointed David Liston as U.S. and Canada chief commercial officer (CCO) effective immediately. Liston previously served as Marsh U.S. and Canada corporate segment leader, and...
Canada’s Co-operators Enters Home-Services Business With Carson Dunlop Purchase
Feb 16 2024 // Co-operators Financial Services Ltd. announced the acquisition of the parent company of Carson Dunlop & Associates Ltd., a consulting engineering firm that provides advice to help homeowners make better, more informed...
Canadian Insurer Fairfax Denies Allegations of Asset Value Manipulation
Feb 13 2024 // Fairfax Financial on Monday denied allegations by Muddy Waters Research that the Canadian insurer was manipulating asset values, saying the short-seller’s report was “false and misleading.” The detailed...
Muddy Waters Shorts Canada Insurer Fairfax Financial, Alleging Asset Value Manipulation
Feb 8 2024 // Short seller Muddy Waters has placed bets against the shares of Canadian insurer Fairfax Financial alleging manipulation in its asset values. Shares of the property and casualty insurer sank 12% on Thursday, and set for...
People Moves: Probitas Names Botnick to Launch Canada Service Company; Liberty Promotes Boyle to Head of Energy, London; Hart Joins CFC as Head of Proactive Cyber
Feb 1 2024 // This edition of International People Moves details appointments at Probitas, Liberty Specialty Markets, and CFC. A summary of these new hires follows here. Probitas Appoints Botnick to Launch Canadian Service...
Trudeau to Hold National Summit in Response to Canada’s Massive Spike in Auto Thefts
Jan 22 2024 // Prime Minister Justin Trudeau’s government is holding a summit next month to coordinate a national response to a massive spike in auto thefts across Canada in recent years. Toronto, Canada’s largest city, has...
FDA Allows Florida to Import Cheaper Drugs From Canada
Jan 5 2024 // (Reuters) – The U.S. Food and Drug Administration (FDA) said on Friday it had authorized Florida to directly import prescription drugs from Canada, where prices of medicines are cheaper. The regulator said it was...
Canada’s Fairfax Completes $860M Acquisition of Gulf Insurance Group from KIPCO
Dec 27 2023 // Fairfax Financial Holdings Ltd. announced it has completed the US$860 million acquisition of Gulf Insurance Group (GIG) from Kuwait Projects Co. (KIPCO) and certain of its affiliates. First announced in April 2023, the...
Aviva to Acquire Canadian Vehicle Replacement MGA Optiom for Circa £100m
Nov 27 2023 // Aviva plc announced the acquisition of Optiom O2 Holdings Inc. from Novacap and other minority shareholders for a consideration of approximately £100 million (US$126 million). Calgary, Canada-based Optiom, which operates...
