Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Insured Damages in Canada From Hurricane Fiona Now Top C$800M
Jan 6 2023 // Insured damages from Hurricane Fiona are now estimated at over C$800 million (US$591.2 million), according to the Insurance Bureau of Canada (IBC), quoting the Catastrophe Indices and Quantification Inc. (CatIQ). Hurricane...
People Moves: Lloyd’s Elects Aon’s Dudley as Council Member, Succeeding Christian; CNA Canada Promotes Detablan as VP, Specialty & Risk Managed Casualty
Dec 12 2022 // Lloyd’s Elects Aon’s Dudley as Council Member, Succeeding Christian Lloyd’s of London, the commercial insurance and reinsurance marketplace, has elected Richard Dudley to the Council of Lloyd’s,...
Hurricane Fiona Breaks New Records in Atlantic Canada With Insured Damage of C$660M
Oct 19 2022 // Hurricane Fiona is estimated to have caused C$660 million (US$436.8 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted initial estimates from Catastrophe Indices and Quantification...
People Moves: NFP Hires Pelaez for Mgmt and Professional Liability in Canada; Miller Names AGCS’ Hooker as APAC Head of Energy; Liberty GTS Hires 3 for APAC Team
Oct 14 2022 // This edition of International People Moves details appointments at NFP, Miller and Liberty Global Transaction Solutions A summary of these new hires follows here. NFP Hires Pelaez for Management and Professional Liability...
Update: Hurricane Fiona Roars Toward Atlantic Canada as New Storm Threatens Florida
Sep 23 2022 // After lashing Bermuda, Hurricane Fiona is racing north toward Eastern Canada, threatening to become the most powerful storm ever to hit the region. A second system, meanwhile, is developing in the Caribbean and may strike...
People Moves: Strategic Risk Solutions Taps Marsh’s Meindersma to Lead Canada Expansion; Markel Int’l Promotes 3 in Wholesale Claims Leadership Team
Sep 22 2022 // This edition of International People Moves details appointments at Strategic Risk Solutions and Markel International. A summary of these new hires follows here. Strategic Risk Solutions Taps Marsh’s Meindersma to...
Update: Fiona Becomes Strongest 2022 Atlantic Hurricane, Threatening Bermuda, Canada
Sep 21 2022 // Hurricane Fiona has intensified to become this year’s strongest Atlantic storm as it moves north to threaten Bermuda and eastern Canada later this week. Fiona’s top winds remain at 130 miles (209 kilometers)...
People Moves: Miller Launches Delegated Authority Team in Canada, Hires 5 From Tysers
Sep 21 2022 // Miller, the leading independent specialist re/insurance broker, announced the expansion of its Delegated Authority team with the appointment of five new hires to form a dedicated Canadian unit. The new team will be formed...
People Moves: Liberty Specialty Promotes Clark for Financial Risk Solutions; BHSI Promotes Hannoun for Middle East Casualty; CNA Canada Names DeBruyn Regional VP
Aug 30 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets, Berkshire Hathaway Specialty Insurance, and CNA Canada. A summary of these new hires follows here. Liberty Specialty Promotes...
Hub International Acquires Canada Broker Jaimac Risk Management
Aug 15 2022 // Hub International Ltd., the Chicago-based insurance brokerage and financial services firm, announced it has acquired Jaimac Risk Management Inc. Terms of the transaction were not disclosed. Located in Ottawa, Ontario,...
Gazprom Says Nord Stream Gas Pipeline Safety Depends on Turbine From Canada
Jul 15 2022 // This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. Kremlin-controlled energy giant Gazprom said on Wednesday it could not guarantee the safe operation of a...
Broker NFP Forms Captive Manager in Canada
Jul 13 2022 // Insurance broker NFP has established a captive management firm in Canada following Alberta’s establishment of a regime for captive insurance for organizations wanting to self-insure against risk instead of buying...
Specialty Insurer Mosaic Opens for Business in Canada With Fraser at Helm
Jul 13 2022 // Mosaic Insurance is opening an office in Toronto, Ontario and has hired Ian Fraser to spearhead the company’s expansion into the Canadian specialty insurance market. Fraser joins as president of Mosaic Insurance...
Canada Recovering From Major Telecom Outage
Jul 11 2022 // TORONTO/OTTAWA, July 8 (Reuters) – Rogers Telecommunications said its network was beginning to recover late on Friday after a 19-hour service outage at one of Canada’s biggest telecom operators shut banking,...
Insurers Among Investors as Canada’s Brookfield Raises $15B for Climate Fund
Jun 24 2022 // Canada’s Brookfield Asset Management said on Wednesday it had raised $15 billion for its first impact fund focused on the global transition to a net-zero carbon economy. The fundraise comes at a time when investors...
Canadian Oil Brokerage Denies ‘Toxic’ Workplace Claim, Files Countersuit
Jun 20 2022 // Oil brokerage NE2 Group is hitting back at allegations that Chief Executive Officer Tim Gunn created a toxic workplace, filing an C$11 million ($8.4 million) countersuit against eight former employees who left the firm...
Derecho Storm Ranks as Canada’s 6th Largest Insured Loss on Record
Jun 16 2022 // The storm that swept through southern Ontario and parts of Quebec on Saturday, May 21, caused over C$875 million (US$676.3 million) in insured damages, according to the Insurance Bureau of Canada, which quoted initial...
Canada’s Axis Insurance Managers Acquires BMG Insurance Brokers
Jun 15 2022 // Axis Insurance Managers, a Vancouver, Canada-based insurance broker, has completed the acquisition of BMG Aviation Ltd., which does business as BMG Insurance Brokers, effective June 1, 2022. A privately owned insurance...
Canada Plans to Force Companies to Report Cyber Attacks, Fortify Cyber Systems
Jun 15 2022 // Canadian businesses operating in critical infrastructure sectors would be required to report cyber attacks to the federal government and would have to fortify their cyber systems under a new law introduced on Tuesday. The...
People Moves: NFP Appoints Markel’s Horsman as Head of Canadian National Broking; Insurer Openly Expands Reinsurance Division, Hiring Landi From Everest Re
Jun 3 2022 // This edition of International People Moves details appointments at the broker NFP and homeowners’ insurer, Openly. A summary of these new hires follows here. NFP Appoints Markel’s Horsman as Head of Canadian...
