Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
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...
Marsh Joins Aon, Willis in Rejecting Contingent Commission Income
Mar 25 2010 // Giant insurance broker Marsh says its main brokerage unit will not accept contingent commissions on business for U.S. or Canadian clients but its Marsh & McLennan Agency and its affinity and personal lines business...
Catlin Arctic Survey 2010 Explorers Begin Sea Ice Mission
Mar 15 2010 // A team of veteran polar explorers on Sunday began a 500-kilometer [312 mile] trek across the floating sea ice of the Arctic Ocean as part of the Catlin Arctic Survey 2010, an international scientific mission to learn how...
M&A Activity at Decade Lows
Feb 21 2010 // Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and...
PartnerRe Changes Organizational Structure after PARIS RE Acquisition
Feb 12 2010 // Bermuda-based PartnerRe Ltd. Has announced organizational changes, following the acquisition of PARIS RE. The Company said it would “maintain its existing business unit-based operating structure, consisting of three...
Ratings: RSA Canada, Korean Re, New India, Labuan Re, Al-Ahleia, Generali/Volksfuersorge, GCAN
Jan 28 2010 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of Royal & Sun...
