Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Oil Train Catastrophe Risk Weighs on Insurers: Kemp
Jan 28 2014 // In the event of a mass-casualty accident involving the derailment of a crude-carrying train in a densely populated urban area, who would be responsible for the compensation for deaths, injuries, damage to property and...
U.S., Canada Officials Say Tougher Oil Train Safety Rules Needed
Jan 27 2014 // Warning that a “major loss of life” could result from an accident involving the increasing use of trains to transport large amounts of crude oil, U.S. and Canadian accident investigators urged their governments...
Canada, U.S. Safety Agencies Urge Fast Action on Oil-by-Rail Cars
Jan 24 2014 // North American regulators should phase out the type of rail car involved in last July’s deadly Lac-Megantic crash “sooner rather than later,” Canadian investigators said on Thursday, urging the United...
State Farm Canada Selling Insurance, Mutual Fund Businesses to Desjardins Group
Jan 16 2014 // Desjardins Group, a leading cooperative financial group in Canada, has agreed to purchase State Farm Canada’s property/casualty and life insurance businesses, as well as its Canadian mutual fund, loan and living...
Pressure Mounts to Improve Oil-Rail Safety; Older Tank Cars in Canada Crash
Jan 10 2014 // Political pressure to quickly improve the safety of crude oil rail shipments intensified in Washington on Thursday, while Canadian officials said two of the cars involved in the latest fiery derailment were of an older...
Zurich No. Am. Names Kleiman as Canada VP, Regional-Commercial
Jan 10 2014 // Zurich North America announced the appointment of Dan Kleiman as Vice President & Regional Leader, Canada Commercial, effective January 1.He “oversees the nearly 100 market-facing underwriters and underwriting...
Willis North America Announces Leadership Reorganization, Appointments
Jan 8 2014 // Willis North America, the North American retail brokerage business of Willis Group Holdings and the company’s largest business segment, has revised its organizational structure and made a series of related senior...
Oil and Gas Fire as Canada Train Derails after Emergency Brakes Activated
Jan 8 2014 // A Canadian National Railway train carrying crude oil and propane derailed and caught fire after the emergency brakes were activated, the Transportation Safety Board (TSB) of Canada said on Wednesday. TSB spokesman John...
Canada Considers Requiring Emergency Response Plans for Rail Oil Shipments
Dec 16 2013 // Canada is considering classifying crude oil as a higher-risk, dangerous product, requiring emergency response plans for shipment by rail following a train accident that leveled the heart of a Quebec town in July, a...
CGSC Names Baker as President of Creechurch International Subsidiary
Dec 13 2013 // Cooper Gay Swett & Crawford (CGSC), the independent global wholesale and reinsurance brokerage group, announced the appointment of Phil Baker as the new President of its North American subsidiary Creechurch...
Ironshore Canada Names Hambrook, Stewart to Management Posts
Dec 10 2013 // Ironshore Canada Ltd., Ironshore’s Canadian MGA business based in Toronto, announced that Dane Hambrook has been appointed Managing Director, while Stephen Stewart has been named Managing Director of the Canadian...
Marsh Appoints Bentley As President of U.S., Canada
Dec 9 2013 // Marsh has named Robert Bentley as president of its U.S. and Canada Division. Bentley will be responsible for the oversight of the division, which comprises Marsh’s U.S. core brokerage, Canada, and insurance services...
INTERVIEW-Greece, BlackBerry, Ireland – ‘Cautious’ Bets for Canada’s Fairfax
Dec 5 2013 // Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a “cautious” strategy he employs to manage Fairfax Financial’s $23.3...
Ironshore Canada Launches PL Coverage for Private Equity Risks
Nov 27 2013 // IronPro, the professional and management liability unit of Ironshore Canada Ltd., has introduced a professional liability policy for Canadian-based private equity and venture capital firms to protect against portfolio...
Sun Life Signs Car, Home Insurance Referrals Deal with Belairdirect
Nov 27 2013 // Sun Life Assurance Co. of Canada and Intact Financial Corp. announced a referral arrangement to provide Sun Life’s customers in Canada with access to belairdirect.com’s home and auto insurance products through...
Canadian Pacific Coal Train Derails; No Injuries
Nov 26 2013 // A northbound Canadian Pacific Railway Ltd train derailed near Windermere, British Columbia, on Monday morning, sending 16 cars loaded with coal off the tracks, a spokesman for the rail company said. All the cars were...
Business Moves
Nov 18 2013 // R-T Specialty, Westrope Chicago-based national wholesale insurance broker R-T Specialty said it has agreed to merge with another wholesale broker Westrope, based in Kansas City, Mo. Terms of the transaction were not...
Canada Delays New Life Insurer Capital, Transparency Standards Until 2018
Nov 14 2013 // Canadian insurance companies including Manulife Financial Corp. and Sun Life Financial Inc. will have three more years to comply with new regulations from the Office of the Superintendent of Financial Institutions. OSFI...
Allstate’s Bailey Joins Marsh As Head of U.S., Canada Sales
Nov 13 2013 // Insurance broker Marsh has appointed Donald Bailey as its new head of sales for U.S. and Canada. In this newly created position, Bailey will be responsible for executing the firm’s overall strategy and increasing the...
Canadian National Railway Suffers Fourth Derailment in Month
Nov 12 2013 // A Canadian National Railway Co. train derailed in northern Ontario this past weekend, and an estimated 40 carloads of grain left the tracks, the Transportation Safety Board of Canada said. The board said it was deploying a...
