Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Hub International Acquires Ontario-Based Benefit Broker Services Inc.
Aug 8 2018 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired Benefit Broker Services Inc. Terms of the acquisition were not disclosed. Located in Wallaceburg, Ontario, Benefit Broker provides...
Insurer RSA Reports 15% Drop in H1 Operating Profit on Winter Weather Claims
Aug 2 2018 // Icy roads and frozen pipes due to bad weather in Canada and Britain hit insurer RSA’s first-half operating profit on Thursday, though results were in line with analyst forecasts. General insurer RSA, best known in...
Canadian Insurer Backs Autonomous Car Startup in Florida Retirement Community
Jul 26 2018 // There’s a village in Florida where self-driving cars rule the road, and a Canadian insurance firm wants to come along for the ride. Toronto-based Intact Financial Corp. is investing $3 million in startup Voyage as...
CRU GROUP Welcomes New USA, Senior Business Development Leader
Jul 24 2018 // Toronto, Ontario Canada, July 24, 2018 – Kyle Winston, President and CEO of CRU GROUP, today announced the hiring of Laura Pastore as the new Vice President U.S. Business Development for Catastrophe Response Unit...
AXIS Insurance Promotes Randell to Head of Canada Insurance & Chief Agent, Canada
Jul 20 2018 // AXIS Insurance, a business segment of AXIS Capital Holdings Ltd., announced the promotion of Brad Randell to head of Canada Insurance, and chief agent, Canada, subject to review and/or approval of various Canadian...
Some Recreational Cannabis Products to Remain Banned Under New Canada Law
Jul 18 2018 // A key segment of Canada’s marijuana industry will remain banned for up to a year after the drug becomes legal for recreational use — making it harder for Justin Trudeau to kill off the black market. Edibles,...
Canadian Health Insurers Reluctant to Provide Cover for Medical Marijuana
Jul 13 2018 // Sun Life Financial, Canada’s No. 2 insurer, recently started covering medical marijuana in its Canadian health insurance plan – more than 17 years after the country first legalized it. The coverage, which requires...
Canada’s Fineqia International Takes Stake in Blockchain Startup Black Insurance
Jul 11 2018 // Fineqia International Inc., a Vancouver-based technology company, announced it is taking an equity allocation in Black Insurance, a blockchain insurance startup. Terms of the investment were not disclosed, but Fineqia said...
Canada’s Evergreen Pacific Insurance Corp. to Buy Natural Health Provider Synergy
Jul 10 2018 // Evergreen Pacific Insurance Corp. (EPIC), the Toronto-based financial-services holding company, announced it has signed a binding agreement to acquire a majority interest in Synergy Health Services, subject to completion...
Beazley Taps Hawthorne, Formerly with Guarantee, as Territory Manager for E. Canada
Jul 6 2018 // Beazley, the specialist insurer, has appointed Jo-Anne Hawthorne as territory manager for eastern Canada. Hawthorne will report to Cheryl Hobbs and will be responsible for developing closer relations with brokers in...
BNSF Looks to Resume Service in Iowa After Derailment
Jun 26 2018 // BNSF Railway Co. on Monday said it could resume service Tuesday on a stretch of northwestern Iowa track damaged when a train left the track and crude oil spilled from derailed cars. The crude oil train derailed near Doon,...
Canada’s Western Financial Group Acquires Ontario Broker, Axion Insurance
Jun 25 2018 // Western Financial Group Inc. announced that it has acquired Axion Insurance Services Inc. of Ontario. The acquisition was completed on June 19, 2018 and will add 10 Ontario-based locations and approximately 60 insurance...
U.S. Missing Out on ‘Huge Economic Opportunity’ of Climate Change Fight: Canada
Jun 22 2018 // Canada has an environmental message for Donald Trump: you can’t stop the global campaign against climate change and you will hurt the U.S. by abandoning the battle. Canadian Environment and Climate Change Minister...
Marijuana Sales to Be Legal in Canada Starting in October: Trudeau
Jun 21 2018 // Marijuana sales will become legal in Canada beginning October 17, Prime Minister Justin Trudeau said on Wednesday, making it the first major economy to legalize its recreational use. Stocks of marijuana producers, which...
Canada Set to Legalize Recreational Marijuana
Jun 20 2018 // Canada is set to become the first Group of Seven nation to legalize recreational marijuana after a bill from Justin Trudeau’s government won the backing of the upper chamber. The Senate’s approval in a vote...
Canada on Track to Legalize Marijuana
Jun 8 2018 // Canada’s marijuana legalization took a big step forward as the Senate passed an amended bill, meaning Justin Trudeau’s government can probably finalize the law and open the market in the next few months. Bill...
Ningen Named CEO of Swiss Re Canada
Jun 4 2018 // Monica Ningen has been appointed president and chief executive officer of Swiss Re Canada and English Caribbean. Ningen succeeds Veronica Scotti, who has been named chairperson for Global Partnerships. Ningen has 20 years...
Canada’s May Windstorm Insured Damage Tops $410 Million
Jun 1 2018 // April showers bring May flowers but in Ontario, the last few months brought a series of severe, and unique, weather events. Insured damage from an early-May windstorm affecting Ontario and parts of Quebec topped $410...
2 Banks Report First Cyber Attack Against Canadian Financial Institutions
May 29 2018 // Bank of Montreal and Canadian Imperial Bank of Commerce said on Monday that cyber attackers may have stolen the data of nearly 90,000 customers in what appeared to be the first significant assault on financial institutions...
Microsoft to Extend EU Data Privacy Rights Globally. Facebook, Google Not Quite.
May 24 2018 // Microsoft promised this week to give users worldwide the same data and privacy rights Europeans will get under new regulations there. That’s in contrast to some of its tech rivals, who are hedging on how much privacy...
