Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Zurich Canada Names Sommer as Head of Operations
Feb 1 2019 // Mathias Sommer has been named head of Operations for Zurich Canada. Sommer had been leading the Operations team as vice president of Operations for Commercial Insurance Canada since September 2017. He will remain based in...
Private Equity Again Drove Agency M&As in U.S., Canada in 2018: OPTIS
Jan 29 2019 // Mergers and acquisitions of insurance agents and brokers last year broke several records in 2018, with private equity/hybrid buyers accounting for 68 percent of the total. According to consultants at OPTIS Partners’...
People
Jan 21 2019 // John Doyle, president and CEO of global insurance broker Marsh, announced the appointments of key leaders for regional, specialty and placement teams worldwide that will be effective upon closing of the acquisition by...
Severe Weather in Canada Cost Insurers C$1.9 Billion in 2018: IBC
Jan 17 2019 // Insured damage from severe weather events across Canada reached C$1.9 billion (US$1.4 billion) in 2018, according to the Insurance Bureau of Canada (IBC), quoting statistics from Catastrophe Indices and Quantification...
Hub Continues Canadian Employee Benefits Expansion with Purchase of TRG
Jan 9 2019 // Hub International Ltd., the Chicago-based insurance broker, announced that it has acquired the assets of TRG Group Benefits and Pensions Inc. (TRG) in Canada. Terms of the transaction were not disclosed. The acquisition...
Arthur J. Gallagher & Co. Acquires Canadian Broker Jones Brown
Jan 8 2019 // Arthur J. Gallagher & Co. announced the acquisition of Canadian insurance broker Jones Brown Inc. and its subsidiaries. Terms of the transaction were not disclosed. Founded in 1997 and headquartered in Toronto, Jones...
The Co-Operators Offers Storm Surge Cover for Homeowners Across Canada
Jan 7 2019 // Montreal-based Co-operators is offering storm surge insurance for homeowners in Quebec and Manitoba, which completes the company’s product rollout to Canadian homeowners from coast to coast. Co-operators described...
Marsh Makes Post-JLT Merger Leadership Appointments
Dec 19 2018 // Global insurance broker Marsh announced the appointments of key leaders for its regional, specialty and placement teams worldwide that will be effective upon closing of the pending acquisition by Marsh’s parent...
J&J Launches Defense Against Reuters Report on Baby Powder Asbestos
Dec 18 2018 // Johnson & Johnson on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder, taking out full-page newspaper...
How Nations Rank for Climate Risk Measures
Dec 5 2018 // Denmark and Britain are the top countries when it comes to implementing measures to fight climate change, although Britain has lagged in phasing out fossil fuel subsidies, a report published by academics said on...
Hub International Reports Minority Investment by Canada’s Altas
Nov 29 2018 // Chicago-based global insurance broker Hub International Limited said it has received a “substantial minority investment” from funds managed by Altas Partners, an investment firm based in Toronto. Funds managed...
Healthier Workplaces Help to Reduce Group Insurance Costs: Canada’s Manulife
Nov 21 2018 // When Canadians hit the gym, they’re not the only ones who benefit. Their insurers stand to gain as well. “If we can have a healthier workplace it is going to decrease disability costs, it’s going to...
Swiss Re Corporate Solutions Appoints Tardif as Head Aviation Canada
Nov 15 2018 // Swiss Re Corporate Solutions has appointed Simon Tardif as head Aviation Canada, effective Oct. 29, 2018. In this role, Tardif will be responsible for the growth and strategy of the aviation team across Canada. He has...
CoreLogic Expands Flood and Hail Solutions in Canadian Market
Nov 9 2018 // CoreLogic, the Irvine, Calif.-based property data and analytics firm, announced it is expanding its Flood Risk Score and Weather Verification Services for hail into Canada. The availability of the CoreLogic Flood Risk...
Hub International Buys Canadian Broker Kuokoa Enterprises Inc.
Nov 9 2018 // Hub International Limited, the Chicago-based insurance broker, announced that it has acquired the assets of Kuokoa Enterprises Inc. Terms of the transaction were not disclosed. Located in Edmonton, Alberta, Canada, Kuokoa...
Hub International Acquires Ontario’s Proteus Performance Management
Nov 6 2018 // Hub International Ltd., the Chicago-based insurance brokerage, announced it has acquired Proteus Performance Management Inc. Terms of the transaction were not disclosed. Headquartered in Toronto, Ontario, Canada, Proteus...
Zurich Canada Announces New Organizational Structure, Leadership Team
Nov 2 2018 // Zurich Canada announced a new organizational structure and team, which is designed to simplify and strengthen the insurer’s go-to-market approach. “We now have the structure in place to ramp up our support for...
QBE Canada Unveils New Leadership Team, Including Thompson as Director
Oct 31 2018 // QBE Canada unveiled a new leadership team, which is being led by Jamie Thompson, who took on the role as director of Canada earlier this year. In this role, Thompson has oversight of QBE’s Canadian customers,...
Canada’s Manulife Seeks Dismissal of Court Case Filed by Hedge Fund
Oct 31 2018 // Canadian insurer Manulife Financial Corp said on Tuesday it would ask a court in Saskatchewan to dismiss claims made against it by a hedge fund after the province changed its rules to limit how much an investor can put...
Canada Gets Ready for Legalized Recreational Marijuana on Oct. 17
Oct 16 2018 // Mat Beren and his friends used to drive by the vast greenhouses of southern British Columbia and joke about how much weed they could grow there. Years later, it’s no joke. The tomato and pepper plants that once...
