Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
People and Places
Apr 9 2007 // The Main Street America Group has promoted Ed Kuhl to executive vice president, chief financial officer, and Dick Schultz to assistant vice president, and appointed Tom Frazier to assistant treasurer. Kuhl joined Main...
People
Apr 9 2007 // The Main Street America Group has promoted Ed Kuhl to executive vice president, chief financial officer, and Dick Schultz to assistant vice president, and appointed Tom Frazier to assistant treasurer. Kuhl joined Main...
People
Apr 9 2007 // Marsh Inc. appointed chief operating officers for three of its core business sectors. The executives are: Patricia Hagemann, who has been named chief operating officer of the Americas; David Lessing, chief operating...
Thieves in Montreal Targeting Cars from U.S.
Mar 23 2007 // Like many northern New Englanders, Burlington, Vermont contractor Greg Giro likes to make an occasional trip to take in some big-city life in Montreal. But increasingly, they are being targeted by car thieves, say Canadian...
Best Withdraws Insurance Corp. of Newfoundland Rating Due to Merger
Mar 19 2007 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of “B++” (Good) and assigned a category of “NR-5” (Not Formally Followed) to Canada’s Insurance Corporation of Newfoundland...
ACE Canada Appoints Barkley as President, CEO
Mar 15 2007 // ACE Canada, a division of the ACE Group of Companies, has appointed Karen Barkley as president and chief executive officer. ACE Canada specializes in providing innovative and customized property, casualty and accident and...
Canada’s Sovereign Signs ‘Alliance Agreement’ with OneBeacon
Feb 28 2007 // Canada’s Sovereign General Insurance Company and OneBeacon Insurance Company announced the signing of a Strategic Alliance Agreement. The deal will facilitate the “introduction of products to Canada for certain...
Hynes Named Willis Canada President, CEO
Feb 20 2007 // Willis Group Holdings has named Richard T. Hynes President and CEO of Willis Canada succeeding Wole Coaxum. The change becomes effective March 1. Hynes, a native Canadian, has over 25 years of management and industry...
Business Moves
Feb 11 2007 // Goldman Sachs, USI Holdings Big insurance broker USI Holdings Corp. headquartered in Briarcliff Manor, N.Y., agreed to be acquired by GS Capital Partners, a private equity affiliate of Goldman, Sachs & Co., in a...
Marsh Sells Putnam to Canada’s Great-West Lifeco for $3.9 Billion
Feb 1 2007 // Marsh & McLennan Companies, Inc. (MMC) announced today that Great-West Lifeco Inc., a financial services holding company controlled by Canada-based Power Financial Corp., has signed a definitive agreement to purchase...
Kingsway Acquires St. Paul Travelers’ Non-Standard Auto Unit, Mendota
Jan 24 2007 // Canada’s Kingsway Financial Services, Inc. has agreed to acquire Mendota Insurance Co., a wholly owned subsidiary of The St. Paul Travelers Companies, Inc. The transaction includes Mendota’s wholly owned...
Willis Strengthens Montreal Presence
Jan 19 2007 // Global insurance broker, Willis Group Holdings is strengthening its presence in Montreal, Quebec, Canada with several new appointments. Luc Brunet and Jacques Simard have been named to the positions of Sr. VP and Account...
IBC Aims to Convince Canadian Drivers’ to Pay Attention
Jan 12 2007 // The Insurance Bureau of Canada asks the rhetorical question as to whether Canadian drivers are “prepared to give up their cellphones and other distractions while driving?” The IBC noted that “despite the...
ACE Tempest Re Canada Formed; Petalas Named President
Jan 9 2007 // The Bermuda-based ACE Tempest Re Group, an independent division of ACE Limited, announced the establishment of ACE Tempest Re Canada, a wholly owned managing underwriter that will write all lines of property and casualty...
BB&T Completes AFCO, CAFO Acquisitions
Jan 3 2007 // BB&T Corporation (NYSE:BBT) subsidiary Branch Banking and Trust Company completed its acquisition of insurance premium finance company AFCO Credit Corporation and its Canadian affiliate, CAFO Inc., from Mellon...
Marsh Reported Selling Putnam to Canada’s Power Company
Jan 2 2007 // Marsh & McLennan Companies Inc., the nation’s largest insurance broker, has selected a buyer for its Putnam Investments mutual funds and investment management division, according to a report last Friday. Marsh...
Best Affirms Co-operators General, Subs Ratings; Raises Sovereign General Ratings
Dec 21 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Canada’s Co-operators General Insurance Company. Best also...
Robert Coates Jr. of Ingham, Coates and Payne Dies
Nov 16 2006 // Robert E. Coates Jr., an insurance broker in Pasadena, Calif., for more than 50 years and resident of La Canada Flintridge died Saturday, Nov. 4. A former blimp pilot for the Navy, he joined Jimmy Ingham and Gleeson...
Best Issues Special Report on Canadian Auto Insurance Industry
Oct 31 2006 // “During the past 10 years, the Canadian automobile insurance industry’s underwriting results have changed dramatically as reflected by the significant variations in the direct loss ratio,” concludes a...
Park Group Expands into Canada with Opening of Toronto Office
Sep 19 2006 // The Park Group, international wholesale insurance and reinsurance brokers, has expanded its operations into Canada with the opening of a new office in Toronto concurrent with the formation of Park Re Canada. “The...
