Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
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...
Alabama Oil Train Derailment Raises New Crude-by-Rail Safety Questions
Nov 11 2013 // The second explosive oil-train derailment this year, which has finally burned out in rural Alabama, may raise new questions about the safety of the crude-by-rail boom, pointing to problems beyond those that surfaced...
Oil Tank Train Derails in Alabama; Cars Erupt in Flames
Nov 10 2013 // Several oil tank cars that burst into flames after a train derailed in rural Alabama were expected to keep burning into Saturday, potentially reigniting the push for tougher regulation of the boom in moving oil by...
Integro Canada Acquires Specialty Film Broker Multimedia Risk
Nov 5 2013 // Integro (Canada) Ltd. announced its acquisition of Winnipeg-based Multimedia Risk Inc., an insurance brokerage, which specializes in serving the national and international film and television production industry from...
Travelers Completes Dominion of Canada Acquisition
Nov 4 2013 // The Travelers Companies, Inc. announced the completion of its acquisition of The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited. The combined organization, which will be referred to as...
Another Canadian Freight Train Derails in Alberta, No Injuries
Nov 3 2013 // A Canadian National Railway Co. train carrying lumber and sulfur dioxide derailed in the Western Canadian province of Alberta on Sunday, but there were no injuries or spills of dangerous goods, a spokesman for the railway...
ACE Bermuda Launches New CODA Premier D&O Policy
Oct 30 2013 // ACE Bermuda has launched a new CODA Premier directors and officers liability policy. The CODA Premier policy offers personal asset protection to directors and officers and is available through ACE’s commercial...
Ratings Recap: QBE Optima, Aviva (Canada), Syndicate 609, Adamjee
Oct 21 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Puerto Rico-based QBE Optima Insurance Company, both with stable outlooks. The...
Say Cheese: EU Strikes Trade Deal with Canada; Looks to U.S.
Oct 21 2013 // The European Union and Canada agreed a multibillion-dollar trade pact on Friday that will integrate two of the world’s largest economies and pave the way for Europe to clinch an even bigger deal with the United...
Canada Regulator Urges Re/Insurers to Use Cat Bonds after Flood Disaster
Sep 25 2013 // Canada’s banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters, such as the record floods that inundated swathes of downtown Calgary in June. Climate...
