Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
BB&T to Acquire Two Mellon-Owned Premium Finance Cos.
Aug 24 2006 // BB&T Corporation principal subsidiary Branch Banking and Trust Company has entered into a purchase agreement to buy insurance premium finance company AFCO Credit Corporation and its Canadian affiliate, CAFO Inc., from...
Ohio Great American Opens Liability Division Branch in Canada
Aug 15 2006 // Great American Insurance Group’s Executive Liability Division recently announced the opening of a new branch office in Toronto, Canada. The Executive Liability Division adds Michael Shore, CRM and Oren Schemool, MBA...
HKMB Names Parker VP/Surety Solutions
Aug 15 2006 // Canada’s HKMB International Insurance Brokers announced that Kelly A. Parker has joined the firm’s Toronto office as Vice President & Practice Leader, HKMB Surety Solutions. She “will join...
Hub International Earnings Rise Sharply for 2nd Quarter
Jul 27 2006 // Hub International reported a 32 percent increase in revenue and a 286% increase in net earnings from continuing operations for Hub International Limited in the second quarter ended June 30, 2006 attributing the results to...
Hub International Buys Canadian Broker’s Life Servicing Business
Jul 12 2006 // Hub International Limited has acquired life insurance portfolio from Standard International Underwriters Ltd. Details of the purchase by the Toronto-based Hub Financial Inc.were not disclosed. Both HUB Financial and SIU...
Canadian Business Ill-Prepared for Climate Change Risk, Lloyd’s Warns
Jul 12 2006 // Canadian business is vulnerable to climate change and the increasing frequency and intensity of natural catastrophes, Lloyd’s Chairman Lord Peter Levene warned in a July 11 speech to the Vancouver Board of...
News Briefs
Jul 4 2006 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...
Snow to Lead Integro’s Canadian Construction Practice
Jun 30 2006 // Integro (Canada) Ltd. announced that Wayne Snow has been appointed principal for the company’s Toronto office. He will lead and develop the company’s Construction Practice in Canada. Snow has 30 years of...
Snow to Lead Integro’s Canadian Construction Practice
Jun 30 2006 // Integro (Canada) Ltd. announced that Wayne Snow has been appointed Principal for the company’s Toronto office. In this capacity, he will lead and develop Integro’s Construction Practice in Canada. “Snow...
Best Upgrades ‘PD’ Ratings of 12 Canadian P/C Insurers
Jun 20 2006 // A.M. Best Co. has upgraded the public data (pd) financial strength ratings of 12 property/casualty Canadian insurers. The bulletin noted that “pd ratings are based solely upon public information and present the most...
IBC Study Finds Canada’s Legal Environment is ‘Increasingly Uncertain’
Jun 16 2006 // The Insurance Bureau of Canada notes the conclusions of a new study that found the country’s home, car and business insurers believe that “the legal environment in Canada is becoming increasingly uncertain, and...
Best Affirms AXA Canada P/C Subsidiaries Ratings; Revises Outlook to ‘Stable’
Jun 14 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of several of AXA Canada Inc.’s property/casualty insurance subsidiaries, as follows: the FSR of “A” (Excellent) of AXA Assurances Inc....
S&P Affirms Kingsway’s ‘BBB- Ratings
Jun 13 2006 // Standard & Poor’s Ratings Services has affirmed its “BBB-” long-term counterparty credit and senior unsecured debt ratings on Toronto-based Kingsway Financial Services Inc. with a stable...
RMS Launches Eastern U.S. and Canada Earthquake Model
Jun 8 2006 // Risk Management Solutions (RMS), Newark, Calif., has updated its U.S. and Canada Earthquake models. “Earthquakes east of the Rockies are less common than in the tectonically active West, but can be more severe due to...
Best Affirms ‘A’ Ratings of Royal Bank of Canada Insurance Co.
May 12 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a+” of Royal Bank of Canada Insurance Company Ltd. (RBCI), which...
Canada’s Suncor Energy Settles Business Interruption Insurance Claim
Apr 25 2006 // Suncor Energy Inc. reports that it has settled business interruption insurance claims related to a January 2005 fire at the company’s oil sands facilities. The total amount of the BI settlement is approximately $980...
Mint Canadian Launches BI ‘Outbreak Contingency Cover’ for Bird Flu
Apr 24 2006 // Mint Canadian Specialty Underwriters, the Canadian niche insurer, has announced the launch of a new and unique product, dubbed “Outbreak Contingency Cover. Mint is part of Markel’s international operations,...
Mobility Saint-Honore to Acquire/Merge Norfolk International
Apr 21 2006 // Patrick Mallet, President and CEO of Paris-based Mobility Saint-Honore, announced the acquisition of Norfolk International Group of Calgary, Alberta, Canada. The Company said it plans to merge Norfolk into its Canadian...
St. Paul Travelers Launches Canadian Directors and Officers Policy
Apr 21 2006 // Directors and officers of companies in Canada will have broader protection for claims made against their personal assets under a new Directors’ and Officers’ policy introduced by Minn.-based St. Paul...
Canada’s Commonwealth Signs Deal to Use EQECAT Cat Models
Apr 18 2006 // Oakland Calif.-based EQECAT, Inc., a provider of extreme-risk modeling, announced that Canada’s Commonwealth Insurance Company has signed a licensing agreement to use EQECAT’s WORLDCATenterprise(TM) platform...
