Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Slow Pace of Insurance Payouts, Rebuilding Angers Alberta Wildfire Victims
Oct 18 2016 // Some five months after the wildfires that devastated Fort McMurray were extinguished, anger over red tape and the slow pace of insurance payouts and permit issuance is flaring in the remote northern Canadian city. More...
Canada’s Health Insurance Startup, League, Receives Broker License
Oct 12 2016 // Canadian health benefit startup League Inc said on Wednesday it has teamed up with the insurance arm of backer Royal Bank of Canada as it expands into insurance, targeting the many small businesses offering no such...
Olsen Tapped as President, HUB Canada; Robertson as Exec VP, Int’l Business
Oct 11 2016 // Hub International Ltd. (HUB), the Chicago-based global insurance brokerage, has named Tina Osen as president of HUB Canada. She currently is president of HUB TOS in British Columbia, Canada. In addition, Chad Robertson,...
Canada’s Regulator Tightens Capital Requirements for Mortgage Insurers
Sep 23 2016 // Canada’s financial services regulator released new draft capital requirements for federally regulated mortgage insurers to better reflect growing risks in the country’s housing markets. The Office of the...
Burns & Wilcox Names CRC’s Fuhrman to Retail Agency National Relationship Post
Sep 22 2016 // H.W. Kaufman Financial Group and Burns & Wilcox announced that Marc Fuhrman will join the firm in a new role as national relationship manager. Fuhrman, based in Los Angeles, formerly served as senior vice president of...
Changes at the Top of Hub International: Cohen, Gulliver, Lineker
Sep 20 2016 // Insurance broker Hub International Limited (HUB) has named Marc Cohen, currently regional president of HUB East Region, as president of HUB International as part of a restructuring of top management. Cohen will replace...
AIG Selling Stake in Ascot Lloyd’s Syndicate; Will Keep Bermuda, Reinsurance Ties
Sep 16 2016 // American International Group Inc. has agreed to sell its interest in Ascot Underwriting Holdings Ltd. (AUHL) and related syndicate-funding subsidiary Ascot Corporate Name Ltd. to Canada Pension Plan Investment Board...
Hub International Acquires Canadian Agency, New Dimensions Underwriters
Sep 12 2016 // Global insurance broker Hub International Ltd. has acquired New Dimensions Underwriters Ltd. Based in Edmonton, Alberta, Canada, New Dimensions is a managing general agency. Russ Davis, the owner and president of New...
Court Sides with California-based Grocer Trader Joe’s in Knockoff Suit
Aug 29 2016 // A U.S. court has the authority to hear a trademark lawsuit by grocery chain Trader Joe’s against a man who purchased the company’s products and resold them in Canada at “Pirate Joe’s,” a store...
WSJ: AIG May Sell Shares in Lloyd’s Unit Ascot to Canadian Pension Board
Aug 23 2016 // American International Group Inc. is in early talks to sell its minority stake in the Lloyd’s of London syndicate manager Ascot Underwriting Holdings Ltd. to Canada Pension Plan Investment Board (CPPIB), the Wall...
Natural Catastrophes Drive Global Insured Losses to $31B in H1: Swiss Re’s Sigma
Aug 18 2016 // Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44 percent of total economic losses of US$71 billion, according to a report issued by Swiss...
Litigation Insurance Reimburses Plaintiff Lawyers Losing Cases on Contingency
Aug 17 2016 // When David Brill lost a trial for a client who fell off his neighbor’s ladder, it was a rare failure for his three-member Florida law firm. It also cost him $30,000 in expenses since he’d taken the case on...
New Death Prompts ARC Airbag Probe in US, Canada
Aug 8 2016 // Auto safety regulators in two countries are investigating another deadly airbag problem that could affect up to 8 million vehicles. Investigators in the U.S. and Canada are looking into a crash in the Canadian province of...
Hub’s Totten Insurance Group Buys Canadian Resources Insurance Solutions
Aug 3 2016 // Totten Insurance Group, the Toronto-based managing general agency, announced that it has acquired the shares of Canadian Resources Insurance Solutions Inc. (CRIS), a Sudbury, Ontario-based insurance wholesaler. Terms of...
Canada’s Economical Insurance Names Saunders as President & CEO
Jul 28 2016 // Economical Insurance, headquartered in Waterloo, Ontario, has named Rowan Saunders as president and CEO, effective Nov. 1, 2016. This follows the announcement on Feb. 19, 2016, that current president and CEO, Karen Gavan,...
BHSI Expands Financial Institutions Cover in Canada; Knight Leads Product Line
Jul 25 2016 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing four new executive & professional lines products for financial institutions and named Andrew Knight as national director of Financial...
Marsh Names South as President, US & Canada Unit; APAC, Middle East Realigned
Jul 25 2016 // Marsh announced that it has appointed Martin South as president, U.S. and Canada division, effective Sept. 1, 2016. South will report to John Doyle, president of Marsh, and will be based in Marsh’s New York office....
Pen Canada Launches E-Traded D&O Platform in Response to Broker Demand
Jul 22 2016 // Pen Underwriting Canada has launched a purpose-built, e-trading platform for directors and officers insurance, in response to broker demand for a quick-quote, competitive D&O solution. The platform is simple,...
June Storms in Canada Cost Insurers More Than C$34 Million
Jul 20 2016 // The storms that hit Saskatchewan, Manitoba and Ontario in Canada on June 24 and 25 caused more than C$34 million ($25.9 million) in insured damage, according to estimates from Catastrophe Indices and Quantification Inc....
Mid-Market Firms Fall Short on Natural Catastrophe Risk Management: Assurex Global
Jul 18 2016 // Middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing but some fall short when managing these risks effectively, according to a new survey of senior executives at...
