Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Safety Board Says Rail Oil Tanker Rules Should Be Put on Washington Fast Track
Apr 25 2014 // Spurred by a series of fiery train crashes, a push by government and industry to make safer tank cars used for shipping crude oil and ethanol has bogged down in squabbling and finger-pointing over whether they’re...
Powerful Earthquake Strikes off Vancouver Island Coast: AIR Analysis
Apr 25 2014 // Catastrophe modeling firm AIR Worldwide, has issued a report on the powerful M6.6 earthquake that struck off the coast of Canada’s Vancouver Island at about 3:10 a.m. UTC (8:10 p.m. local time) a at a depth of 11.4...
Genworth Financial to Raise as Much as $700 Million in Australia Offer
Apr 23 2014 // Genworth Financial Inc. plans to raise as much as $700 million by selling a minority stake in its Australian mortgage guarantor, in what may be the biggest share sale in the country for more than three years. The seller of...
People – East
Apr 21 2014 // Jerry Hourihan American International Group (AIG) has named Jerry Hourihan as president of Private Client Group for the U.S. and Canada. He will report to Ralph Mucerino, CEO of Consumer Regional, Americas. Hourihan will...
Kerr to Head New Allied World Canada Branch Office
Apr 16 2014 // Allied World Assurance Company Holdings, AG announced the opening of a branch office in Toronto, Ontario to further expand its North American insurance operations. Allied World appointed Gord Kerr as Senior Vice President,...
Canada Supreme Court Agrees to Hear Chevron in $9.1B Ecuador Case
Apr 4 2014 // The Supreme Court of Canada agreed on Thursday to hear an appeal by Chevron Corp. of a lower-court decision that said Ecuadorean villagers could pursue in Ontario their $9.51 billion lawsuit for pollution in the Amazon...
Canadian Pacific Backs Insurance Mandate for Firms Shipping Oil by Rail
Apr 4 2014 // Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada’s second-largest rail operator...
Allianz Expands in Canada to Energy, Mining Markets
Apr 4 2014 // Allianz SE, Europe’s biggest insurer, is expanding in Canada, targeting protection for the energy and mining industries. The insurer, which offers corporate property and casualty coverage in Canada through brokers,...
Hourihan Named President of AIG Private Client Group, U.S. and Canada
Apr 1 2014 // Jerry Hourihan has been named president of American International Group’s (AIG) Private Client Group for the U.S. and Canada. He will report to Ralph Mucerino, CEO of Consumer Regional, Americas. Hourihan will be a...
Ironshore Canada, IronPro Division Appoint M&A Execs
Apr 1 2014 // Ironshore Canada Ltd. has announced the appointments of key executives within its Mergers & Acquisitions division and for IronPro, the professional and management liability unit of Ironshore Inc. Ironshore named Andrew...
Canadian National Rail to Phase Out Older Oil Tank Cars over 4 Years
Mar 26 2014 // Canadian National Railway Co. will phase out its fleet of 183 older tank rail cars used to transport diesel fuel over the next four years, as it works to improve safety following a string of industry accidents involving...
Flashback: Key P/C Insurance Mergers and Acquisitions of 2013
Mar 24 2014 // Compared to some previous years, there were not a lot of mergers in the property/casualty carrier space in 2013 but there were some interesting ones. Major carrier transactions included specialty insurer Markel’s...
Canada Pension Plan Board to Buy Wilton Re for $1.8 Billion
Mar 21 2014 // The Canada Pension Plan Investment Board (CPPIB) announced that it has agreed to buy U.S. life insurance and reinsurance provider Wilton Re Holdings Ltd for $1.8 billion from a group of private equity firms, the first...
Energi Develops First Canadian Energy Savings Warranty
Mar 20 2014 // Energi, a Massachusetts-based industrial reinsurance company, which provides risk management and insurance programs for the energy industry, announced that it will provide an Energy Savings Warranty (ESW) for the Toronto...
Canada’s UNDZ Underwear Offers Buyers Insurance for ‘Prized Private Part’
Mar 13 2014 // Canadian underwear brand UNDZ has announced that as of March 15 it has arranged to provide a “$50,000 insurance policy to protect its customers’ most prized asset” – in simpler terms it’s offering...
RSA’s CEO Hester Taps Buffett for Reinsurance; Confirms Share Sale
Feb 28 2014 // After less than a month on the job, RSA Insurance Group Plc Chief Executive Officer Stephen Hester announced a stock sale and tapped Warren Buffett for reinsurance to help strengthen the insurer after its scandal in...
Brokers Missing Out on Big Opportunities in Trade Credit Insurance Market
Feb 21 2014 // Agents and brokers who are not selling trade credit insurance – also known as receivables insurance – are missing huge opportunities but also opening themselves up to errors and omission (E&O) exposures, according...
Canadian Pacific Follows CN; Will Impose Surcharge on Older Oil Tank Cars
Feb 18 2014 // Canadian Pacific Railway Ltd is slapping a surcharge on customers who transport crude in older tank cars, following its larger rival in seeking to deter shippers from using the model involved in a series of fiery...
Global 2013 Cat Losses at $40 Billion Were ‘Below Average’ – Guy Carpenter
Feb 13 2014 // Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and member of Marsh & McLennan Companies, 2013 Catastrophe Review concludes that “natural catastrophes and man-made disasters...
Canadian National Railway Raises Rates for Using Older Oil Tank Cars
Feb 13 2014 // Canadian National Railway is charging shippers more to transport crude oil in older tank cars, one of the first signs that rail operators are actively discouraging use of the type of cars involved in several dramatic...
