Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Tight Market Drives Australian Companies into Deals Abroad
Oct 21 2010 // Cash rich Australian companies are being forced to search offshore for takeover targets as the small local market has become too consolidated to get deals past the competition watchdog. With the Aussie dollar at a 28-year...
U.N. Urged to Freeze Climate Change ‘Geo-engineering’ Projects
Oct 21 2010 // The United Nations should impose a moratorium on “geo-engineering” projects such as artificial volcanoes and vast cloud-seeding schemes to fight climate change, green groups say, fearing they could harm nature...
Catlin Canada Establishes Offices in Montreal and Vancouver
Oct 20 2010 // Catlin Canada, the Canadian-based operations of Catlin Group Limited, announced further expansion in the country with the opening of offices in Vancouver and Montreal. Both facilities will begin operations in early...
Lloyd’s McGovern Works to Expand No. American Business; Part II
Oct 18 2010 // Sean McGovern now heads Lloyd’s operations in the U.S. and Canada – the first and third largest sources of business for its underwriters. Lloyd’s not only wants to hold on to that business, but also to...
RSA Acquires GCAN Insurance in Canada for $410 Million
Oct 4 2010 // UK-based RSA Insurance Group plc has announced the acquisition of GCAN Insurance Company, a Canadian mid-market, large risks & specialty commercial insurer, which “offers a range of products including Property,...
Bank of Montreal Eyes U.S., China Acquisitions for Insurance Group
Sep 23 2010 // Bank of Montreal is on the hunt for acquisitions in the United States and China to expand its wealth management operations, while it sees growth in Canada coming from established operations, one of BMO’s top...
Hurricane Igor Heads North After Battering Bermuda
Sep 21 2010 // Hurricane Igor barreled north Monday on a path expected to take it near Newfoundland and energy interests off eastern Canada, after battering Bermuda with heavy winds, waves and rain that caused damage but no...
Earl Weakens, Pounds North Carolina Islands, Heads for Massachusetts
Sep 3 2010 // Hurricane Earl battered North Carolina’s coast with rain, winds and waves Friday and swirled up the U.S. eastern seaboard toward New England and Canada as a weakened but still dangerous storm. The impact of the...
Marsh Names 59 Managing Directors in U.S., Canada
Aug 2 2010 // Marsh announced the appointment of 59 new managing directors in North America. The members of the Marsh 2010 Class of Managing Directors work within a number of different risk practice and industry groups and are located...
Report Forecasts Rough Sailing for Canadian Insurers’ Results
Jul 26 2010 // Investors hoping for improved results from Canada’s insurers may want to brace for disappointment, with weak stock markets and lower bond yields seen taking take a bite out of quarterly earnings. Analysts said the...
Canada Trade Minister Urges Action on Big Doha Issues
Jul 19 2010 // WTO member states must find answers to bilateral squabbles if they want to achieve any global breakthrough in free trade talks, Canada’s trade minister said Friday. In an interview with Reuters, Peter Van Loan said...
Earthquake, Tornado, Storms Hit Canada’s International Summit Site
Jun 24 2010 // International leaders might be forgiven if they nervously eye the skies above and the ground below as they gather for summits of the Group of Eight and the Group of 20 in Canada’s province of Ontario this weekend. In...
Wildbore to Head New Willis Re Toronto Office
Jun 17 2010 // Willis Re, the reinsurance arm of Willis Group Holdings announced the establishment of a new office in Toronto, Canada. The office will open September 1, 2010 and will complement Willis Group’s existing presence in...
Best Affirms ‘A+’ Ratings of Canada’s Intact Insurance Group
Jun 16 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Intact Insurance Group and its members: Belair Insurance Company Inc....
Faber & Dumas (Willis) Global Special Risks Unit Opens Calgary Office
Jun 9 2010 // Global Special Risks (GSR), the wholesale insurance broker and managing general agent of Willis’ subsidiary, London-based Faber & Dumas, announced it has established an office in Calgary, Alberta, Canada to...
Genstar Capital Acquires Canada’s Granite Global Solutions
Jun 3 2010 // San Francisco-based Genstar Capital, LLC, a middle market private equity firm, announced the acquisition of Granite Global Solutions, a Canadian provider of risk mitigation services to insurance and corporate...
Ironshore Canada Enters Financial, Professional Lines Market
Jun 2 2010 // Ironshore Canada has entered into the financial and professional lines market, naming Dane Hambrook, vice president, to head the division. Ironshore Canada’s Financial and Professional Lines division will provide...
Canada Prohibits Insurance Sales on Bank Web Sites
May 28 2010 // Canada said Thursday it was cracking down on banks that market “unauthorized insurance” on their websites, spelling out new rules designed to keep the realms of banking and insurance separate. Canada’s...
Best Plans Withdrawal of Canada Public Data Ratings; Will Maintain Interactive Ratings
Apr 27 2010 // A.M. Best Co. announced that it plans to withdraw its Canadian public data (pd) rating assignments on or about August 31, 2010. It will assign a category NR-5 (Not Formally Followed) to the financial strength ratings and...
Flights Resume in Parts of Europe
Apr 20 2010 // Flights from large parts of Europe are set to resume on Tuesday under a deal agreed by the European Union to free up airspace closed by a cloud of ash hurled into the sky by an Icelandic volcano. However, with the cloud...
