Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
CNA Canada to Use CargoNet, NER to Combat Cargo Theft
Oct 5 2012 // CNA, a global business insurer, is now using CargoNet and the National Equipment Register (NER) — two national information sharing systems designed to help policyholders combat the growing problems of cargo and heavy...
Finaccord Analyzes Prof. Indemnity Insurance in Australia, Canada, So. Africa
Oct 3 2012 // New research, conducted by market research consultants Finaccord, reveals that “competition among underwriters of professional indemnity insurance in Australia and Canada is at least as strong as in Europe’s...
Verisk Crime Analytics Launches Cargo Theft Prevention Systems in Canada
Sep 13 2012 // Verisk Crime Analytics has launched national information sharing systems designed to help Canadian insurers and their policyholders combat the growing problems of cargo and heavy equipment theft. Verisk Crime Analytics is...
Tropical Storm Leslie Brushes Bermuda, Heads Northeast to Newfoundland
Sep 10 2012 // The core of Tropical Storm Leslie passed 120 miles (200 km) east of Bermuda, bringing sustained winds of 39 mph (and gusts of up to 54 mph) and heavy rains to the island on Sunday, Sept 9. Leslie is currently accelerating...
XL Group Names Fisher to Lead Canadian Reinsurance Operations
Aug 27 2012 // XL Group plc’s reinsurance operations in Bermuda announced the appointment of Tim Fisher as Senior Vice President & Canadian Branch Manager. He reports to Managing Director & Head of Casualty Reinsurance in...
GM Recalls Big Vans To Fix Possible Fuel Leaks
Aug 16 2012 // General Motors is recalling more than 10,000 full-size vans in the U.S. and Canada because the fuel filler pipes can rust, leak and cause fires. The recall from the Detroit, Mich.-based auto maker affects Chevrolet Express...
IBC Estimates Alberta Wind, Thunderstorm Insured Losses over $100 Million*
Aug 15 2012 // The Insurance Bureau of Canada (IBC) reports that the estimated insured damage caused by the recent severe thunderstorm event that hit the Edmonton area in July amounts to more than $100 million. The IBC noted that the...
Ratings Recap: Electrical Contractors’, Scotia, Société Centrale, Adamjee
Aug 10 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of UK-based Electrical Contractors’ Insurance...
ING Considering Sale of UK, Canadian Online Banks
Aug 3 2012 // The Netherlands-based group ING, which has been forced to sell assets in return for receiving state aid during the financial crisis, said it is considering the sale of its UK and Canadian online banking units, estimated to...
Legal Expert Taherbhai Joins Aon Infrastructure Solutions in Canada
Aug 1 2012 // Aon Infrastructure Solutions, the global risk advisory group for alternative project delivery of Aon plc, announced that Tariq Taherbhai has joined the firm as a director of the unit. He has “extensive legal...
Fairfax’s Watsa Raises Stake in BlackBerry Maker RIM to Nearly 10%
Jul 24 2012 // Canadian investor Prem Watsa, dubbed the “Warren Buffett of the North,” has nearly doubled his company’s stake in embattled BlackBerry maker Research In Motion Ltd (RIM) to just under 10 percent,...
Ratings Recap: CIBC Re, ACS (NZ) Ltd, CCR (Algeria)
Jul 19 2012 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Barbados-based CIBC Reinsurance Company Limited (CIBC Re), both with stable outlooks....
Catlin Names Huebel CEO of Canadian Unit, Other Executive Changes
Jun 28 2012 // The Bermuda-based Catlin Group Limited announced that David Huebel will take over as CEO of Catlin Canada, effective July 3. Catlin Canada is the Group’s Canadian underwriting hub, headquartered in Toronto with...
Applied Systems Names Purdy Sr. VP, General Mgr. for Canadian Operations
Jun 20 2012 // Insurance software company Applied Systems announced that Jeffrey D. Purdy has been appointed senior vice president and general manager of Applied Systems Canada. He is an Ontario native and a Canadian insurance industry...
Business Moves – Southeast
Jun 18 2012 // WNS Global, South Carolina An Indian company is slated to open a new facility to process insurance claims and provide insurers other financial and accounting services that could create up to 750 new jobs in South...
Business Moves – Midwest
Jun 18 2012 // strong>Arthur J. Gallagher & Co., Grossman & Associates Arthur J. Gallagher & Co. has acquired Grossman & Associates Inc. in Beachwood, Ohio. Terms of the transaction were not disclosed. Founded in...
Game On!
Jun 18 2012 // Market Conditions Right for Insurers in Sports, Entertainment Segment Americans love their sports and entertainment, and right now so does the insurance industry. Insurers are renewing their focus on this class where they...
Ratings Roundup: Aviva Canada, AEGIS
Jun 11 2012 // A.M. Best Co. has reviewed and maintained the under review status of the financial strength ratings of A (Excellent) and issuer credit ratings (ICR) of “a+” of Aviva Insurance Company of Canada and its...
Applied Systems Acquires Canada’s Compu-Quote
Jun 5 2012 // Insurance software firm Applied Systems Inc. has acquired Compu-Quote Inc., a Canadian comparative insurance rating company. “The acquisition of Compu-Quote establishes Applied Systems as the leading provider of...
Best Affirms State Farm Mutual, Affiliates & Subs Ratings
Jun 4 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its...
