Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
NFP in Canada and Aviation Broker Piiq Risk Form Exclusive Partnership
Jul 28 2021 // NFP, a New York-based insurance broker and consultant, announced the formation of an exclusive strategic partnership in Canada with aviation re/insurance broker Piiq Risk Partners. The NFP Complex Risk Solutions Group will...
Chubb Canada Launches Hub for General Aviation and Non-Major Aerospace Insurance
Jul 23 2021 // Chubb announced that it has set up an aviation hub in Canada to develop further its domestic general aviation and non-major aerospace business. The Canadian Aviation hub is part of a new regional focus for the aviation...
Coalition Enters Canadian Excess Cyber Insurance Market
Jul 15 2021 // Coalition, the San Francisco-based cyber insurance and security company, announced it will enter the excess cyber insurance market in Canada to help protect businesses with enhanced coverage. With the coverage, Coalition...
Canadian Municipalities Face Surging Liability Insurance Costs
Jul 13 2021 // TORONTO – Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for...
Canada Orders Rail Transport Restrictions in Areas with High Wildfire Risk
Jul 12 2021 // OTTAWA – Canada on Sunday ordered rail transport restrictions for areas where there is a high wildfire risk after a blaze wiped out the town of Lytton, British Columbia, and killed two people earlier this month. The...
Europe, U.S. and Canada Slammed by Record Weather Catastrophes in June: Aon
Jul 12 2021 // June 2021 left Europe with its costliest severe storm period on record. Meanwhile, over in the U.S. in Canada, record-setting heatwaves caused significant damage, according to Aon’s latest natural catastrophe...
People Moves: Carpenter Hires AXA XL’s Gressier; Aon’s Bisset to Lockton Re’s Global Retro Unit; BHSI Canada Promotes Knight
Jun 15 2021 // This wrap-up of international People Moves details recent appointments at reinsurance brokers Guy Carpenter & Co. and Lockton Re and insurer Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires...
Argo Group to Stop Insuring Canada’s Trans Mountain Pipeline, Joining Other Carriers
Jun 7 2021 // Lloyd’s insurer Argo Group has decided to stop insuring Canada’s Trans Mountain tar sands pipeline when its current insurance policy expires on Aug. 31, 2021, following similar moves by other companies such as...
Canada’s Economical Insurance Launches Platform to Simplify Brokers’ SME Placements
Jun 4 2021 // Economical Insurance has introduced Vyne Commercial, a new digital platform and an expanded product offering, which is designed to simplify the process of insuring small businesses. Broker partners will be able to...
Canadian Fintech Company Ratehub Launches Insurance Brokerage
Jun 4 2021 // Canadian fintech company Ratehub Inc. has launched a property/casualty (P/C) brokerage called RH Insurance. Toronto-based Ratehub, which operates the financial product comparison site Ratehub.ca, said the launch brings the...
Hub International Acquires Canada’s Global Credit Risk Management Inc.
Jun 3 2021 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired Global Credit Risk Management Inc. (GCRM). Terms of the transaction were not disclosed. With a national presence and offices located in...
SCOR Canada Reinsurance Appoints Gay as President and CEO, Succeeding Christoff
Jun 3 2021 // SCOR announced that Olivier Gay has been appointed chief executive officer for SCOR Canada Reinsurance Co., succeeding Paul Christoff, effective June 11, 2021. Gay will continue to serve as chief underwriting officer for...
Biden Backs States Against Manufacturers Over Prescription Drug Imports From Canada
Jun 1 2021 // The Biden administration is urging a federal court to dismiss a lawsuit that could stand in the way of states like Florida in allowing prescription drugs to be imported from Canada. In a legal brief filed Friday, the White...
Canada Faces Mega-Hurricanes if Climate Change Pushes Storms North: Swiss Re Warns
May 21 2021 // Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada’s homeowners, businesses and insurers underestimate that escalating risk, according to one of the...
March Storm in Eastern Canada Cost Insurers C$50 Million
May 19 2021 // A storm that moved across eastern Canada from March 26-29 brought heavy rain and strong winds, causing C$50 million (US$41.5 million) in insured damage, according to initial estimates from Catastrophe Indices and...
People Moves: AXA XL Canada Names 5 Underwriters; MS Amlin Appoints 2 at Reinsurance Business
May 13 2021 // This wrap-up of international People Moves details recent appointments at AXA XL and MS Amlin. AXA XL announced that it has added five Toronto-based underwriters to strengthen its casualty, professional liability and...
Canada’s Riverview Insurance Solutions Merges with Sterling Capital Brokers
May 11 2021 // Riverview Insurance Solutions (RIS), the Alberta, Canada-based middle-market benefit consulting firm, announced it will merge with Sterling Capital Brokers (SCB). The combined company will create the largest independent...
Insurers Warn Canada’s Moving Too Slowly on Flood Mapping
May 6 2021 // OTTAWA – Canada plans to focus its next budget on tackling climate change and its effects but the insurance industry, amid skyrocketing costs, is concerned the government will move too slowly on the key first step of...
Canadian MGA GroupAssur Merges with Evolution Insurance
Apr 21 2021 // GroupAssur, a Canadian managing general agent (MGA), specializing in property/casualty insurance lines, announced it has merged with Evolution Insurance, an MGA and wholesaler specializing in complex risks that offers its...
Hub International Acquires Wessex Financial Inc. in Canada
Apr 9 2021 // Hub International Ltd., a Chicago-based insurance broker, announced that it has acquired Wessex Financial Inc. in Canada. Terms of the transaction were not disclosed. Located in Calgary, Alberta, Canada, Wessex Financial...
