Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Canada’s Desjardins Aims to Buy P/C Insurers: CEO Cormier
Apr 28 2017 // Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada’s big financial services firms, Chief Executive Officer Guy...
Canada’s Economical Strengthens Executive Team, Realigns Operations
Apr 26 2017 // Waterloo, Ontario-based Economical Insurance announced two additions to its executive team. Fabian Richenberger will join the company as executive vice president, Commercial Insurance, and Kelley Irwin will join as senior...
Markel Canada Buys Remaining 50% Stake in Allsport
Apr 6 2017 // Markel Canada, the Toronto-based subsidiary of Markel International, has acquired the remaining 50 percent stake in Allsport Insurance Marketing Ltd. Allsport is an incorporated managing general agent (MGA) specializing in...
Business Moves
Apr 3 2017 // KKR, Canadian Pension Fund, USI Insurance Services, Carolina First Associates Private equity firm KKR and Canadian pension fund Caisse de depôt et placement du Quebec (CDPQ) have agreed to buy USI Insurance Services from...
Markel International’s Trade Credit Team Opens for Business in Canada
Mar 29 2017 // Markel International, the specialist insurer and subsidiary of Markel Corp., is aiming to develop its trade credit and political risk business in Canada. Business will be underwritten by Markel Canada on Lloyd’s...
BHSI Offers Professional Liability, Network Security & Privacy Cover in Canada
Mar 22 2017 // Berkshire Hathaway Specialty Insurance (BHSI) introduced its Professional First Professional Liability and Network Security & Privacy Policy and announced it has appointed Geoffrey Kendrick as head of Professional...
JLT Re Partners with KatRisk to Expand Modeling Capability in Canada
Mar 22 2017 // JLT Re, the London-based reinsurance broker and consultancy, has combined forces with flood modeling company, KatRisk, to enhance its flood risk modeling capabilities for clients across Canada. Berkeley, Calif.-based...
KKR and Canadian Pension Fund to Acquire Insurance Broker USI in $4.3 Billion Deal
Mar 17 2017 // Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) agreed to buy USI Insurance Services from Onex Corp. in a $4.3 billion deal, including debt. The deal is the latest in a...
Canada’s Eagle Underwriting Teams Up with MS Amlin’s RaetsMarine
Mar 17 2017 // Canada’s Eagle Underwriting Group Inc. has teamed up with MS Amlin Marine NV, trading as RaetsMarine, to offer protection & indemnity (P&I) and charterers’ liability insurance in the Canadian marine...
Canada’s OutsideIQ & SAP Ariba Partner to Assess Risk, Compliance
Mar 13 2017 // OutsideIQ, a Canadian startup which uses cognitive computing to analyze data, is partnering with the world’s largest business commerce network, SAP Ariba , to help corporations quickly screen vendors for risk and...
Canada’s Echelon Insurance Gets Danish Regulatory Nod to Sell Europe Unit
Mar 1 2017 // Canada-based Echelon Financial Holdings Inc. announced it has received regulatory approval from the Danish Financial Services Authority for the sale of its European operations. This completes the necessary regulatory...
UK, Canada Regulators Sign Agreement to Help Expansion of Fintech Firms
Feb 27 2017 // British and Canadian regulators have signed an agreement to make it easier for financial technology companies to expand in each other’s markets, they said on Wednesday. The agreement between the UK’s Financial...
Canadian Broker Network Names Robinson as Chairman, Succeeding Miller
Feb 23 2017 // Canadian Broker Network (CBN), Canada’s network of independent insurance brokers, has appointed Mike Robinson, president and CEO, PBL Insurance Ltd., as chairman. Robinson succeeds Tim Miller, president of Capri...
US-Reports and Canadian Reports Merger Creates Colorado Risk Solutions Firm
Feb 22 2017 // H.W. Kaufman Financial Group has combined US-Reports and Canadian Reports, rebranding both companies under the name Afirm, which is based in Fort Collins, Colo. The merger will continue their global presence and allow a...
Beazley Buys Canadian Specialty MGA, Creechurch Underwriters
Feb 6 2017 // 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,...
Chubb Launches Services in Canada for High Net Worth, Family Office Clients
Feb 1 2017 // 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...
PERILS Forms Alliance with CatIQ to Provide Industry Loss Data for Canada
Feb 1 2017 // 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....
H.W. Kaufman, Burns & Wilcox Canada Buy XN Canada Private Client Services
Jan 31 2017 // 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...
Canada Pension Fund OMERS to Invest $1B in Fairfax’s Allied World Purchase
Jan 27 2017 // Ontario Municipal Employees Retirement System agreed to invest $1 billion to back the $4.8 billion acquisition by Prem Watsa’s Fairfax Financial Holdings Ltd. of insurer Allied World Assurance Co. The investment will...
Zurich North America Names Leaders of Realigned Commercial Divisions
Jan 25 2017 // Zurich North America has announced the name of its new North America Commercial Insurance unit and leadership team. This new unit brings together the former Commercial Markets and the former Global Corporate in North...
