Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Beazley Provides Data Breach Response Insurance in Canada
Mar 31 2016 // Beazley announced the launch of the company’s flagship Beazley Breach Response (BBR) product in Canada, which is data breach response insurance that protects the personal data of up to five million individuals per...
10 Things to Know About Product Recall
Mar 21 2016 // The food and beverage sector continues to see pressure on pricing of product contamination coverage, following a number of new carrier markets opening in the past 12 months. —John Turner, head of U.S./Canada Product...
Burns & Wilcox Opens New Office in Orlando, Siegel to Lead
Mar 18 2016 // Burns & Wilcox has opened a new office in Orlando, Fla., extending the company’s footprint to three locations in Florida, which also include Daytona Beach and Tampa. Burns & Wilcox has operated in Florida for...
IronPro Enhances Cyber, Tech Products in Canada
Mar 17 2016 // IronPro, Ironshore’s financial and professional lines unit, is introducing a suite of enhanced cyber and Technology E&O products customized for the Canadian marketplace. IronPro’s cyber and tech products...
XL Catlin Appoints Greggains as CEO of Canadian Insurance Operations
Mar 11 2016 // XL Catlin announced the appointment of Nick Greggains as chief executive officer of XL Catlin’s Canadian insurance operations. In his new role, Greggains will lead XL Catlin’s regional business strategy and...
5 Governments Write to China, Expressing Concern over New & Draft Laws
Mar 1 2016 // The United States, Canada, Germany, Japan and the European Union have written to China to express concern over three new or planned laws, including one on counterterrorism, in a rare joint bid to pressure Beijing into...
Software Provider Vertafore Acquires Canada’s Keal Technology
Feb 29 2016 // Vertafore, the Bothell, Wash.-based insurance software provider, announced the acquisition of Keal Technology, a leading provider of broker and commercial management systems in Canada. The move extends Vertafore’s...
Canada’s Fairfax Financial to Raise $536.4M to Fund Larger Stakes in 2 Insurers
Feb 23 2016 // Fairfax Financial Holdings said on Monday it plans to raise C$735 million ($536.42 million) through an equity issuance, to fund its acquisition of interests in Eurolife ERB Insurance Group Holdings and ICICI Lombard...
Canada’s Intact Financial Corp. Invests in Metromile, Pay-Per-Mile Insurer
Feb 17 2016 // Intact Financial Corp. has made a strategic investment in Metromile, a San Francisco-based provider of pay-per-mile car insurance. Toronto-based IFC, which is the largest provider of property & casualty insurance in...
Allied World Offers Trade Credit & Political Risk Products in Canada
Feb 12 2016 // Allied World Assurance Company Holdings AG announced its suite of trade credit & political risk insurance products are available in Canada, as part of the Global Crisis Management Division. This coverage helps clients...
Enbridge Sued by Wisconsin Landowners over Spill Insurance
Feb 11 2016 // A group of Wisconsin landowners is suing Enbridge to force the company to carry spill insurance on a pipeline that will carry Canadian tar sands oil across the state. The landowners live within 350 yards of the pipeline....
AIG to Sell Advisor Group Broker-Dealer to Lightyear
Jan 26 2016 // American International Group Inc. has agreed to sell AIG Advisor Group to investment funds affiliated with Lightyear Capital LLC, a private equity firm specializing in financial services investing, and PSP Investments, one...
UK’s Aviva to Buy Royal Bank of Canada Unit for North America Expansion
Jan 21 2016 // Aviva Plc, the U.K.’s second-biggest insurer by market value, agreed to buy a home and auto insurer from Royal Bank of Canada for C$582 million ($402 million) to expand in North America. The purchase will increase...
Intact Insurance Launches Commercial Drone Insurance in Canada
Jan 20 2016 // Canadian insurer Intact Insurance has launched drone insurance for its commercial lines customers. This Unmanned Air Vehicle (UAV) coverage caters specifically to small and medium-sized businesses in Canada that currently...
BHSI Launches Miscellaneous Professional Liability Insurance in Canada
Jan 12 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has introduced Professional First Miscellaneous Professional Liability (MPL) Insurance in Canada. The new MPL policy provides claims-made coverage for professionals and...
H.W. Kaufman Financial Group Acquires Toronto-Based Technical Risk Services
Jan 7 2016 // H.W. Kaufman Financial Group, headquartered in Farmington Hills, Mich., has acquired Technical Risk Services (TRS), a Toronto, Canada-based specialist in loss control services, inspections, and risk control consulting. TRS...
Aviva Canada Aims to Offer Ride-Sharing Insurance, with Uber Drivers in Mind
Jan 7 2016 // Aviva Canada aims to offer ride-sharing insurance to Ontario drivers who use their own vehicles to carry paying passengers starting next month, a service that could solve a major headache for ride-hailing company Uber...
Lac Megantic Train Crash Victims’ Fund to Begin Payments without CP Rail
Dec 23 2015 // A C$460 million (US$330.46 million) settlement fund for victims of the 2013 Lac-Megantic crude-by-rail disaster will begin disbursements this week without the participation of Canadian Pacific Railway Ltd [CP], the monitor...
Canada’s Economical Insurance Policyholders Approve Demutualization Plan
Dec 15 2015 // Economical Insurance’s mutual policyholders voted on Monday to allow the Canadian property and casualty insurance firm to demutualize. Demutualization is a regulated process in which a mutual insurance company...
U.S. Safety Agency Advocating Stronger Truck Rear-Impact Guards
Dec 14 2015 // The U.S. National Highway Traffic Safety Administration is proposing that trucking companies be required to install stronger guards on their trailers to reduce deaths caused when cars rear-end tractor trailers. The agency...
