Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
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...
ACE Appoints Leadership Team for Canada, Effective 1st Quarter of 2016
Dec 4 2015 // ACE Ltd. announced the leadership team it has appointed for the company’s Canadian operations. The leadership appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first...
ACE Announces Future Leadership Team for Global Surety Business Unit
Dec 2 2015 // ACE Ltd. announced the leadership team it has appointed for the company’s Global Surety business unit, which will take effect upon completion of the acquisition of Chubb, expected in the first quarter of 2016. As...
Mine Disasters Show Real Cost of Using Cheap Solutions for Waste Storage
Nov 18 2015 // As miners globally review the way they store waste in the wake of another horrific dam spill, the solution may be as simple as it is dramatic: spend a lot more. Images of sludge spewing into towns and rivers could be a...
Canadian Pacific Says Wisconsin Train Derailment Caused by Broken Rail
Nov 12 2015 // Canadian Pacific on Nov. 11 said a broken rail caused a weekend freight train derailment in Wisconsin that resulted in an oil spill and a precautionary evacuation. No one was injured in the incident on Nov. 8, which caused...
Allianz Group’s AGCS Names Fellows Head of Market Management Canada
Nov 11 2015 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced that Robert J. Fellows has been named head of market management for Canada, effective January 4, 2016. Based in...
Canada’s Economical Insurance Moves Closer to Becoming Public Company
Nov 4 2015 // Economical Insurance, one of Canada’s largest property and casualty insurers, moved closer to becoming a public company after its board voted to demutualize. The 10-member board of directors recommended it convert to...
Arthur J. Gallagher Buys Canada Broker Christie-Phoenix & Its Affiliate, Discovery
Nov 3 2015 // Arthur J. Gallagher, the international broking division of Arthur J. Gallagher & Co. outside of the United States, has extended its investment in Canada with the acquisition of retail insurance broker Christie-Phoenix...
U.S. Bankruptcy Judge Approves Quebec Oil Train Crash Settlement
Oct 12 2015 // A U.S. bankruptcy judge on Friday approved a settlement that clears the way for payments to victims of Canada’s Lac-Megantic crude-by-rail derailment, according to the trustee for the insolvent railway at the heart...
Endeavour Appoints Price to Drive Growth of U.S. & Canadian Specialist Business
Oct 2 2015 // London-based Endeavour Insurance Services* has appointed David Price as divisional director to drive further growth of the company’s specialist business across its U.S. and Canadian accounts. Price’s role will...
Zurich Canada Issues ‘White Paper’ on Drones & Risk Management
Sep 28 2015 // Zurich Canada has released a new white paper on unmanned aircraft systems (UAS), commonly referred to as drones at the Risk and Insurance Management Society (RIMS) Canada Conference in Québec City. Entitled,...
Energi of Canada Launches P&C Program for Energy Construction
Sep 10 2015 // Energi of Canada has launched a new property & casualty program for energy construction. The new energy construction program offers risk management services and insurance coverage for contractors in the following...
ACE Names Leaders for New Chubb Business Units, Major Product Lines
Sep 8 2015 // ACE Limited today revealed the leadership teams for the company’s North American business units, including national accounts, middle market, small commercial, high net worth personal lines, wholesale/excess and...
ACE Reveals New Chubb Field Management Team, 8 Regional Executives
Sep 8 2015 // ACE Limited announced the leadership team it intends to appoint for the company’s North America field organization that will take over upon completion of the acquisition of Chubb, which ACE said is expected in the...
‘John Doe’ Sues Adultery Website Ashley Madison in U.S.
Aug 26 2015 // The Canadian-based adultery website AshleyMadison.com faces a U.S. backlash — led by the always- litigious “John Doe” — over a data breach that exposed more than 37 million formerly anonymous...
People – East
Aug 17 2015 // ACE Limited, which announced plans to acquire Chubb for $28 billion in July, has designated a post-merger leadership team for the North American insurance operations of the combined company. The North America leadership...
Negotiators Fail to Reach Pacific Trade Pact; More Talks Expected
Aug 3 2015 // High-level negotiations in Hawaii on a trade agreement in the Pacific Rim wrapped up without a final deal as disagreements over dairy and vehicle policies trumped progress in other areas. The dialogue may resume within...
Insured Catastrophe Losses Fell 36% in First Half of 2015
Aug 3 2015 // Property/casualty insurers’ catastrophe losses in North America for the first-half of this year were down 36 percent to $8.1 billion from 2014’s total of $12.6 billion, making it the lightest catastrophe first...
