Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Marsh Joins Aon, Willis in Rejecting Contingent Commission Income
Mar 25 2010 // Giant insurance broker Marsh says its main brokerage unit will not accept contingent commissions on business for U.S. or Canadian clients but its Marsh & McLennan Agency and its affinity and personal lines business...
Catlin Arctic Survey 2010 Explorers Begin Sea Ice Mission
Mar 15 2010 // A team of veteran polar explorers on Sunday began a 500-kilometer [312 mile] trek across the floating sea ice of the Arctic Ocean as part of the Catlin Arctic Survey 2010, an international scientific mission to learn how...
M&A Activity at Decade Lows
Feb 21 2010 // Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and...
PartnerRe Changes Organizational Structure after PARIS RE Acquisition
Feb 12 2010 // Bermuda-based PartnerRe Ltd. Has announced organizational changes, following the acquisition of PARIS RE. The Company said it would “maintain its existing business unit-based operating structure, consisting of three...
Ratings: RSA Canada, Korean Re, New India, Labuan Re, Al-Ahleia, Generali/Volksfuersorge, GCAN
Jan 28 2010 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of Royal & Sun...
Companies Offer Aid for Haitians; Caribbean Risk Pool Pays $8M
Jan 13 2010 // Companies pledged millions of dollars in aid Wednesday to help victims of a powerful earthquake in Haiti that devastated much of the impoverished country’s capital and killed thousands. Digicel Group, a top mobile...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Business Moves
Dec 6 2009 // USAA Military insurance company USAA is expanding its customer base by nearly 35 million prospects by opening up eligibility for its products to all veterans who have served in the U.S. Armed Forces at any time. More than...
Hub International Acquires Canada’s Mones Insurance Brokers
Nov 9 2009 // Chicago-based insurance broker Hub International Limited has acquired Mones & Associates Insurance Brokers Inc., one of the largest personal and commercial insurance brokers in western and northern Canada with...
Canada to Stop Insurance Sales on Bank Web Sites
Nov 1 2009 // Canada will prohibit major banks from marketing insurance products on their Web sites, marking a major victory for big insurers in a long battle with the banking industry. Canadian Finance Minister Jim Flaherty told...
Ratings Roundup: Misr, Kenya Re, Alliance, Aurigen
Oct 28 2009 // A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating to “bbb+” from “a-” of Egypt’s Misr...
Manulife Buys Pottruff & Smith; Now Canada’s No. 2 Travel Insurer
Oct 16 2009 // Manulife Financial, Canada’s biggest life insurer, announced on Thursday that it has acquired Pottruff & Smith Travel Insurance Brokers Inc. in an all cash deal that will make it Canada’s No. 2 travel...
Best Affirms Ratings for Northbridge (Fairfax) Operating Companies
Oct 16 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Markel Insurance Company of Canada, Federated Insurance Company of...
Gallagher Energy Opens Calgary Office
Oct 13 2009 // Arthur J. Gallagher International has opened a new office in Calgary, Alberta, Canada trading under the name Gallagher Energy Risk Services. Former Aon energy leader Scott Heighington will head the new office. He will be...
Canada to Stop Insurance Sales on Bank Web Sites
Oct 8 2009 // Canada will prohibit major banks from marketing insurance products on their websites, marking a major victory for big insurers in a long-running battle with the banking industry. Canadian Finance Minister Jim Flaherty told...
People
Oct 5 2009 // Jim Newberry, assistant vice president and risk control manager of Island Insurance in Honolulu, has received the Risk Management/Insurance Practice Specialty Safety Professional of the Year Award. The award is from the...
Canadian Banks Eye Expansion into Insurance, Despite Restrictions
Sep 25 2009 // Insurance may emerge as the next big growth area in Canadian banking, even though regulations prohibit lenders from selling via their branches and insurance brokers vehemently oppose the move. When Canada’s biggest...
Aon Consulting Canada Appoints Coll Chief Commercial Officer
Sep 24 2009 // Aon Consulting, the global human capital consulting organization of Aon Corp;, announced that Douglas A. Coll, has joined Aon Consulting Canada in the newly created position of Chief Commercial Officer, focused on revenue...
Fellows Joins Zurich in Canada as Sr. VP – Distribution, Marketing
Sep 14 2009 // Zurich in Canada has announced the appointment of Bob Fellows as Senior Vice President, Distribution, Marketing and Communications for Zurich’s business in Canada, effective immediately. He will be responsible for...
Owcar Named President, COO of CNA Canada
Sep 10 2009 // CNA Financial Corporation announced that, effective September 14, 2009, Gary Owcar has been appointed president and chief operating officer of CNA Canada. He will be responsible for executing profitable growth strategies...
