Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Arch Re’s Canada Branch Names Aon Benfield’s Dagneau as CEO
Jun 19 2017 // Arch Reinsurance Co. announced that François Dagneau will be appointed to the position of chief executive officer of the Arch Reinsurance Co. Canada Branch in June. Dagneau will replace Patrick McGuiness, who is retiring...
U.S. Storms in May to Cost Insurers $3B; Economic Costs Total $4B: Aon Report
Jun 9 2017 // Total aggregated economic losses from severe weather in the U.S. during May was set to exceed US$4.0 billion, while public and private insurers face a combined payout approaching an estimated US$3.0 billion, according to...
RMS Releases Updated N. America Earthquake Models for U.S., Canada & Mexico
Jun 9 2017 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the release of version 17.0 of its North America Earthquake Models for the United States, Canada and Mexico. The updated model will enable RMS...
Canada’s Economical Simplifies Business Structure as It Gets Ready to Go Public
Jun 8 2017 // Waterloo, Ontario-based Economical Insurance is moving to a simpler legal entity structure as it continues its journey to become a public company. Currently, Assurance Economical in Quebec is underwritten by The Missisquoi...
Canada’s Home Insurers Undergo Claims Stress Test: J.D. Power
Jun 6 2017 // A record year for catastrophic disasters, from the Fort McMurray fire to floods in Quebec, have put Canadian home insurers to the test in 2017. According to the J.D. Power 2017 Canadian Home Insurance Study, a spike in...
CNA Canada Relocates Vancouver Branch
Jun 1 2017 // CNA Canada announced its Vancouver Branch has moved to a new location. The new address is 510 W. Georgia St., Suite 2250, Vancouver, BC V6B 0M3. The company said that its phone numbers will remain the same. “The new...
XL Catlin Offers Political Risk, Credit & Bond Insurance in Canada; Zurich’s Azzopardi Named Lead U/W
May 31 2017 // XL Catlin has opened its first Political Risk, Credit and Bond (PRCB) insurance practice in Canada and has appointed Marvin Azzopardi as senior underwriter. Based in Toronto, Azzopardi, will join XL Catlin on June 1 and...
XL Catlin Names AIG’s Estrada, Zurich’s Hughes to Canada Environment Team
May 18 2017 // XL Catlin has added two new members to its Canadian environmental insurance team: Marc Estrada as environmental team lead and Brian Hughes as assistant vice president, environmental underwriting. Estrada and Hughes are...
Canada’s Rogers Insurance Partners with Megson FitzPatrick
May 18 2017 // Rogers Insurance Ltd. announced it has partnered with Victoria, British Columbia-based Megson FitzPatrick Inc., beginning with the purchase of a minority stake in Megson FitzPatrick. The financial details of the purchase...
Canadian Claims Management Firm, SCM, Acquires Nixon & Co. in Missouri
May 4 2017 // Canada-based SCM Insurance Services has expanded into the United States by acquiring claims adjusting and investigations firm, Nixon & Company Inc., headquartered in St. Louis, Missouri. Founded more than 40 years ago,...
Canadian P/C Insurer Intact Financial to Acquire OneBeacon for $1.7 Billion
May 3 2017 // Canada’s largest property/casualty insurer, Intact Financial Corp., has agreed to acquire U.S. specialty insurer OneBeacon from White Mountains Insurance Group for US$1.7 billion. The merger will create a North...
6.2 Magnitude Quake Strikes British Columbia, Canada
May 2 2017 // A magnitude-6.2 earthquake rattled the corner of British Columbia near the boundary with southeastern Alaska early Monday, waking people up and setting off a series of aftershocks, including a magnitude-6.3, the U.S....
BHSI Introduces Employment Practices Liability Cover in Canada
May 1 2017 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its Executive First policy suite in Canada with the launch of an employment practices liability policy. The policy is designed to protect companies...
Canada’s Desjardins Aims to Buy P/C Insurers: CEO Cormier
Apr 28 2017 // Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada’s big financial services firms, Chief Executive Officer Guy...
Canada’s Economical Strengthens Executive Team, Realigns Operations
Apr 26 2017 // Waterloo, Ontario-based Economical Insurance announced two additions to its executive team. Fabian Richenberger will join the company as executive vice president, Commercial Insurance, and Kelley Irwin will join as senior...
Markel Canada Buys Remaining 50% Stake in Allsport
Apr 6 2017 // Markel Canada, the Toronto-based subsidiary of Markel International, has acquired the remaining 50 percent stake in Allsport Insurance Marketing Ltd. Allsport is an incorporated managing general agent (MGA) specializing in...
Business Moves
Apr 3 2017 // KKR, Canadian Pension Fund, USI Insurance Services, Carolina First Associates Private equity firm KKR and Canadian pension fund Caisse de depôt et placement du Quebec (CDPQ) have agreed to buy USI Insurance Services from...
Markel International’s Trade Credit Team Opens for Business in Canada
Mar 29 2017 // Markel International, the specialist insurer and subsidiary of Markel Corp., is aiming to develop its trade credit and political risk business in Canada. Business will be underwritten by Markel Canada on Lloyd’s...
BHSI Offers Professional Liability, Network Security & Privacy Cover in Canada
Mar 22 2017 // Berkshire Hathaway Specialty Insurance (BHSI) introduced its Professional First Professional Liability and Network Security & Privacy Policy and announced it has appointed Geoffrey Kendrick as head of Professional...
JLT Re Partners with KatRisk to Expand Modeling Capability in Canada
Mar 22 2017 // JLT Re, the London-based reinsurance broker and consultancy, has combined forces with flood modeling company, KatRisk, to enhance its flood risk modeling capabilities for clients across Canada. Berkeley, Calif.-based...
