Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Business Moves
Dec 6 2009 // USAA Military insurance company USAA is expanding its customer base by nearly 35 million prospects by opening up eligibility for its products to all veterans who have served in the U.S. Armed Forces at any time. More than...
Hub International Acquires Canada’s Mones Insurance Brokers
Nov 9 2009 // Chicago-based insurance broker Hub International Limited has acquired Mones & Associates Insurance Brokers Inc., one of the largest personal and commercial insurance brokers in western and northern Canada with...
Canada to Stop Insurance Sales on Bank Web Sites
Nov 1 2009 // Canada will prohibit major banks from marketing insurance products on their Web sites, marking a major victory for big insurers in a long battle with the banking industry. Canadian Finance Minister Jim Flaherty told...
Ratings Roundup: Misr, Kenya Re, Alliance, Aurigen
Oct 28 2009 // A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating to “bbb+” from “a-” of Egypt’s Misr...
Manulife Buys Pottruff & Smith; Now Canada’s No. 2 Travel Insurer
Oct 16 2009 // Manulife Financial, Canada’s biggest life insurer, announced on Thursday that it has acquired Pottruff & Smith Travel Insurance Brokers Inc. in an all cash deal that will make it Canada’s No. 2 travel...
Best Affirms Ratings for Northbridge (Fairfax) Operating Companies
Oct 16 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Markel Insurance Company of Canada, Federated Insurance Company of...
Gallagher Energy Opens Calgary Office
Oct 13 2009 // Arthur J. Gallagher International has opened a new office in Calgary, Alberta, Canada trading under the name Gallagher Energy Risk Services. Former Aon energy leader Scott Heighington will head the new office. He will be...
Canada to Stop Insurance Sales on Bank Web Sites
Oct 8 2009 // Canada will prohibit major banks from marketing insurance products on their websites, marking a major victory for big insurers in a long-running battle with the banking industry. Canadian Finance Minister Jim Flaherty told...
People
Oct 5 2009 // Jim Newberry, assistant vice president and risk control manager of Island Insurance in Honolulu, has received the Risk Management/Insurance Practice Specialty Safety Professional of the Year Award. The award is from the...
Canadian Banks Eye Expansion into Insurance, Despite Restrictions
Sep 25 2009 // Insurance may emerge as the next big growth area in Canadian banking, even though regulations prohibit lenders from selling via their branches and insurance brokers vehemently oppose the move. When Canada’s biggest...
Aon Consulting Canada Appoints Coll Chief Commercial Officer
Sep 24 2009 // Aon Consulting, the global human capital consulting organization of Aon Corp;, announced that Douglas A. Coll, has joined Aon Consulting Canada in the newly created position of Chief Commercial Officer, focused on revenue...
Fellows Joins Zurich in Canada as Sr. VP – Distribution, Marketing
Sep 14 2009 // Zurich in Canada has announced the appointment of Bob Fellows as Senior Vice President, Distribution, Marketing and Communications for Zurich’s business in Canada, effective immediately. He will be responsible for...
Owcar Named President, COO of CNA Canada
Sep 10 2009 // CNA Financial Corporation announced that, effective September 14, 2009, Gary Owcar has been appointed president and chief operating officer of CNA Canada. He will be responsible for executing profitable growth strategies...
Canada’s Insurers Urge Ontario Residents to Check Tornado Coverage
Aug 28 2009 // Canada’s home, car and business insurers have urged residents affected by tornadoes that recently tore through southern Ontario to check their homeowner’s policy and contact their insurance representative as...
Tropical Storm Danny Weakens; East Coast Likely Spared Hurricane
Aug 28 2009 // Tropical Storm Danny weakened in the Atlantic Ocean Thursday and was no longer expected to become a hurricane, but it edged closer to the U.S. coast on a path that could take it to Canada’s Atlantic provinces by...
Hurricane Bill Drenches Eastern Canada; Two Die in U.S.
Aug 24 2009 // Hurricane Bill brought rain and heavy winds to eastern Canada Sunday after pounding the U.S. East Coast with heavy seas that killed two people. A seven-year-old girl died in a hospital after she was pulled unresponsive...
Swine Flu, Cross-Border Trucking on U.S., Canada, Mexico Summit Agenda
Aug 10 2009 // Leaders of the United States, Mexico and Canada gather today to present a united front to try to limit the spread of the H1N1 swine flu, but there is less unity on simmering trade issues. U.S. President Barack Obama,...
New Earthquake Risk Models Likely To Reduce Insured Loss Estimates
Aug 6 2009 // Newark, Calif.-based Risk Management Solutions (RMS) has unveiled its next-generation models for North America earthquake risks, covering the United States and Alaska, Canada and Mexico. The new models are likely to lead...
M&A Activity Continues at a Snail’s Pace Compared to 2008
Aug 3 2009 // Insurance brokerage mergers and acquisitions in the second quarter of 2009 was nearly half of what is was during the second quarter of 2008. Just 39 transactions were announced from April through June compared to last year...
OdysseyRe Appoints Morvan New Chief Agent for Canada
Jul 28 2009 // OdysseyRe Holdings Corp. has appointed Lambert Morvan as Senior Vice President and Chief Agent, with responsibility for the management of OdysseyRe’s Canadian operations within the Americas Division. He will be based...
