Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Canadian Railway Oil Train Crashes in Saskatchewan
Oct 8 2014 // Firefighters contained the blaze triggered by the derailment of a Canadian National Railway Co. train carrying petroleum products and toxic material in a rural area in Saskatchewan yesterday. While there were still flames...
NAMIC Honors 5 P/C Executives with Service Awards
Sep 24 2014 // The National Association of Mutual Insurance Companies recognized five individuals today for their service to the property/casualty insurance industry. Receiving the NAMIC Service Award at the association’s 119th...
Canada Eyes Insurance Pollution Fund for Oil-By-Rail Risks
Sep 23 2014 // The Canadian government is looking at extending the insurance burden for crude-by-rail disasters beyond just railways and is weighing the idea of a special fund similar to one once set up for maritime oil spills, a...
ACE Launches Global Primary Casualty Unit for U.S., Canadian Multinational Companies
Sep 11 2014 // ACE has launched a new division that consolidates its U.S. and global casualty offerings to create ACE Risk Management Global Casualty. The division will provide more efficient underwriting and servicing for large...
Hub International Acquires Canadian Commercial Line Book of Business
Sep 5 2014 // Hub International Limited announced that its Ontario subsidiary, Hub International Sinclair Cockburn Limited, has acquired a commercial line book of business from independent broker Lisa Cook. Terms of the acquisition were...
Marsh Canada Acquires Montreal-based Kocisko Insurance Brokers
Sep 4 2014 // Marsh Canada announced the acquisition of Kocisko Insurance Brokers Inc., a full-service commercial insurance brokerage based in Montreal, Quebec. Terms of the transaction were not disclosed. “Kocisko focuses on...
Willis Re Strengthens Senior Management Team in Canada
Aug 28 2014 // Willis Re Inc., the North American reinsurance operation of Willis Group Holdings plc announced the appointment of Geoff Lubert as Managing Director and Executive Vice President of Willis Re Canada, replacing Robert...
Canada Railway Audit ‘Inadequate’ before Lac-Mégantic Disaster: Official Report
Aug 20 2014 // The Canadian government did not adequately audit the railroad company at the center of the Lac-Mégantic crude tanker disaster, which last year killed 47 people, an independent federal agency said on Tuesday, as it called...
Allianz Launches Cyber Crime Coverage for Canadian Companies
Aug 19 2014 // Industrial insurance specialist Allianz Global Corporate & Specialty (AGCS) has launched Allianz Cyber Protect in Canada, a suite of coverages with capacity to protect a company in the event of a data loss or a...
Fosun Said to Pursue Deal for Swiss Re’s Aurora in the U.S.
Aug 19 2014 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is in talks to acquire a U.S. life insurance arm of Swiss Re Ltd., people with knowledge of the matter said. Fosun is seeking...
Allied World to Build Out Canadian Energy Market Property Coverage, Hires Two Vets to Lead
Aug 14 2014 // Allied World Assurance Company Holdings, AG has launched its property line for energy risks in the Canadian market with a new team of underwriters. The company launched its initial property & excess casualty offerings...
Canada Transport Board Welcomes U.S. Oil-by-Rail Ideas; Warns Dangers Remain
Jul 25 2014 // The Transportation Safety Board of Canada on Thursday welcomed proposed U.S. regulations for oil-by-rail tankers, but cautioned of the persistent danger until tank cars built before 2011 stop carrying oil and other...
Train Crash in Wisconsin Injures 2, Spills Oil
Jul 22 2014 // A Canadian National Railway Co. train struck another freight train as it rolled through a small village in Wisconsin, causing cars to derail, injuring two people and spilling thousands of gallons of diesel oil that...
Canada’s Onex to Buy York Risk Services for $1.3 Billion
Jul 16 2014 // Onex Corp., Canada’s largest buyout firm, agreed to buy York Risk Services Group Inc. from ABRY Partners LLC in a deal valued at $1.33 billion, boosting its insurance business. York Risk Services provides risk...
Allied World Adds Excess D&O to Product Offerings in Canada
Jul 11 2014 // Swiss-based Allied World Assurance Company Holdings, AG announced that it has added Excess D&O coverage to its existing management liability product suite in the Canadian market. The announcement said the “Excess...
Hub International Acquires Canadian Broker Gibson Insurance
Jul 9 2014 // Hub International Limited announced that it has acquired the shares of Gibson’s Insurance Agency Ltd., a Manitoba Canada-based insurance brokerage. Terms of the acquisition were not disclosed. The announcement said...
Canadian Farm Flooding Seen Increasing Claims for Crop Insurance
Jul 3 2014 // Saskatchewan, Canada’s biggest producer of wheat and canola, expects insurance payouts on crops to increase after floods wiped out acreage. “It’s a very large area that’s impacted, so we expect to...
Ironshore Canada Enters Commercial Property Market for Sector Specific Risks
Jun 17 2014 // Bermuda-based Ironshore Canada has announced its entry into the Commercial Property Market with capacity that enhances its existing suite of specialty products available in the Canadian region. “Ironshore Canada has...
CN Rail Sees U.S. Banning Older Rail Tank Cars for Oil in 3-5 Years
May 30 2014 // Canadian National Railway Chief Executive Claude Mongeau said on Thursday he expects U.S. regulators to phase out use of DOT-111 tank cars in three to five years, following a deadly explosion in Quebec last year. Mongeau...
Ratings Recap: Dominion, Ardellis, NAGICO, JRG Re
May 27 2014 // A.M. Best has assigned a financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” to The Dominion of Canada General Insurance Company, based in Toronto, Ontario,...
