Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Hub International Acquires Canadian Broker PDF Financial Group
Oct 9 2019 // Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired PDF Financial Group Inc. Terms of the transaction were not disclosed. Based in Toronto, Ontario, Canada, PDF is an independent...
Hub International Acquires Ontario-Based ProCorp Financial
Oct 7 2019 // Hub International Ltd., a Chicago-based global insurance brokerage, announced it has acquired ProCorp Financial Inc. Terms of the transaction were not disclosed. Based in Ottawa, Ontario, Canada, ProCorp Financial is a...
Hurricane Dorian Caused More Than C$105M in Insured Damage to Atlantic Canada
Oct 7 2019 // Hurricane Dorian hit Atlantic Canada on Sept. 7 causing more than C$105 million (US$78.9 million) in insured damage, said Insurance Bureau of Canada, quoting the Catastrophe Indices and Quantification Inc. (CatIQ).* The...
Hub International Buys Canada Employee Benefits Consultant, Regency Advisory Corp.
Oct 3 2019 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the Canadian employee consulting firm, Regency Advisory Corp. Terms of the transaction were not disclosed. Located in Saskatoon,...
Canada Insurer Intact Financial Corp. Completes Acquisition of On Side Restoration
Oct 2 2019 // Intact Financial Corp., the Toronto-based property and casualty insurer, announced it has completed the acquisition of On Side Developments Ltd., the parent company of On Side Restoration. With more than 1,200 employees...
Cyber-Attacks Named as Top Business Risk in U.S., Canada and Europe, by WEF Survey
Oct 1 2019 // Cyber-attacks are named as the leading risk for business executives in the United States, Canada and Europe, according to a survey of business leaders published by the World Economic Forum, in partnership with Zurich...
Everest Insurance Buys Remaining Shares of Canadian IT Consulting Firm Salus Systems
Sep 26 2019 // Everest Insurance announced it has purchased all outstanding remaining shares of its joint venture partner, Victoria, Canada-based Salus Systems LLC. Financial details of the transaction were not disclosed. An IT...
Canadian Insurtech Apollo to Offer Educators Liability Coverage in California
Sep 12 2019 // Apollo Insurance Solutions, a Canadian insurance marketplace, has entered the American market with a liability insurance product tailored for educators in California. The product allows consultants, instructors, and...
AXA XL Appoints Zurich’s Tello to Lead New Captive Insurance Practice in Canada
Sep 11 2019 // AXA XL has launched a local captive practice in Canada which will be led by expert Alonso Y. Tello. Tello’s appointment is part of AXA XL’s continued growth to bring in expertise and expand the group’s...
Report Sees ‘Explosive’ Growth for North American Cannabis Market
Sep 5 2019 // The cannabis market in North America will be worth $47.3 billion by 2024, a new report shows. The report out this week paints a positive portrait of the cannabis industry in the U.S. and Canada that “is growing at an...
Marsh Names Rouse to Lead U.S. Property; Sartain to Lead FINPRO
Sep 5 2019 // insurance broker Marsh announced senior leadership appointments within its Property and Financial and Professional Liability (FINPRO) Practices. Michael Rouse has assumed leadership of Marsh’s U.S. Property Practice....
Canada Insurer The Co-operators Acquires Quebec Broker, Cadieux Beausejour Dupras
Aug 30 2019 // Canadian insurer The Co-operators has purchased the Saint Jérôme, Quebec-headquartered broker, Cadieux Beausejour Dupras Inc. Financial details of the deal were not disclosed. The brokerage’s portfolio includes...
Canada Broker Westland Insurance Buys First West Insurance Services
Aug 26 2019 // Canadian broker Westland Insurance Group Ltd. announced the acquisition of First West Insurance Services, a subsidiary of First West Credit Union, effective Sept. 30, 2019. Financial details of the transaction were not...
AXA XL Adds Zurich’s Arezes as Senior Underwriter for Large Property in Canada
Aug 16 2019 // AXA XL has added Jennifer Arezes to its property insurance team in Canada. Arezes is based in Toronto and will work alongside Ian Rutherford, head of Property, Canada and Urs Uhlmann, CEO and country manager AXA XL, Canada...
Genworth to Sell Stake in Canada Mortgage Unit to Push China Deal
Aug 13 2019 // Genworth Financial Inc. agreed to sell its Canadian unit to Brookfield Business Partners LP for C$2.4 billion ($1.8 billion) as it works to win regulatory approval for its acquisition by China Oceanwide Holdings Group...
Canada’s Desjardins Reports Costs of $53M Related to Data Breach
Aug 13 2019 // Canadian lender Desjardins Group said on Monday it spent C$70 million ($53 million) in the second quarter related to a data privacy breach earlier this year that exposed personal information of 2.9 million members. The...
Insurers Pressured to Drop Coverage of Canada’s Oil Sands Pipeline
Aug 8 2019 // A coalition of 32 environmental and indigenous groups on Thursday urged insurers to stop underwriting the Trans Mountain pipeline to pressure Canada to cancel its plan to expand the project, which carries crude from...
Capital One Reports Data Breach of 100 Million Accounts; Suspect Arrested
Jul 29 2019 // Capital One Financial Corp. said on Monday personal information including names, addresses, phone numbers and credit scores of about 100 million individuals in the United States and 6 million people in Canada were obtained...
Canadian Firm Sues Oklahoma Marijuana Dispensary for Copyright Infringement
Jul 26 2019 // A Canadian children’s entertainment company is suing an Oklahoma medical cannabis dispensary chain accusing it of copyright infringement. The Tulsa World reports that Nelvana Enterprises Inc.’s suit filed in...
Canada’s Navacord Joins Brokerslink Global Network
Jul 24 2019 // Navacord, the Ontario-based commercial broker, has joined global broking business Brokerslink as the network’s latest affiliate in the North American region. Navacord, which trades under 15 different broker partner...
