Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
W.R. Berkley Forms New Canadian Underwriting Operation
Oct 16 2008 // W. R. Berkley Corp. announced the formation of Berkley Underwriting Managers Canada, Ltd. The new unit is based in Toronto and will offer a wide range of specialty casualty commercial insurance products, including general...
Lockton Teams up with Canada’s BFL
Oct 7 2008 // BFL Canada and Lockton announced an alliance to serve clients in North America. BFL Canada is the country’s largest independent commercial insurance broker. Lockton is the world’s largest privately held...
Hansen Appointed as New President of Catlin Canada
Sep 16 2008 // The Bermuda-based Catlin Group Limited announced that Michael Hansen has been appointed president of Catlin Canada Inc., based in the Calgary office. Hansen most recently served as vice president and Western regional...
Integro Canada Names Dunn Chairman, Rankin President
Sep 4 2008 // The New York-based broker Integro has announced the promotion of two key executives in its Canadian division. Robert Dunn, Managing Principal and office leader for the Montreal office, becomes Chairman of Integro (Canada)...
Maple Leaf Takes Blame for Food Poisoning Outbreak
Aug 28 2008 // Maple Leaf Foods Inc’s chief executive said Wednesday his company was fully accountable for an outbreak of listeriosis food poisoning, which has been linked to the deaths of 15 people in Canada. Michael McCain said...
Maple Leaf Foods Confirmed as Source of Deadly Canada Meat
Aug 25 2008 // A food poisoning outbreak that has killed four Canadians and sickened at least 21 others has been genetically linked to meat produced at a plant owned by Maple Leaf Foods Inc authorities said Saturday. The company, one of...
As Sewers Age, Canada’s Insurers See Mess of Claims
Aug 18 2008 // The Canadian insurance industry is seeking ways to stem a rising tide of claims for water damage to homes that it says results partly from aging sewer systems that badly need replacement. Some of its response involves...
‘Dramatic’ WTO Farm Deal Close If Talks ‘Can Be Revived’
Aug 14 2008 // A world trade deal that dramatically opens livestock markets in the European Union, Canada and Japan is within grasp, if talks that collapsed last month in Geneva can be revived. U.S. Trade Representative Susan Schwab...
RMS Launches Winter, Convective Storm Models for U.S., Canada
Aug 14 2008 // Newark, Calif.-based Risk Management Solutions (RMS) launched new Winterstorm and Severe Convective Storm Models to enhance its suite of catastrophe risk models for the U.S. and Canada. Built to satisfy the needs of both...
XL Expands Canada Aviation Team
Aug 13 2008 // XL Insurance, XL Capital’s global insurance operations, has expanded its specialty insurance product offerings in Canada with the appointment of a new aviation insurance team lead by Tony Trost. He joins XL...
Kingsway’s Q2 Net Income Rebounds from Q1 Loss to $6.3 Million
Aug 11 2008 // Kingsway Financial Services Inc. announced financial results (in U.S. dollars) for the second quarter ended June 30, 2008 that rebounded from a first quarter loss. The Company reported net income of $6.3 million or $0.11...
Exporting Exposures
Jul 7 2008 // As an important link in the global supply chain, exporters face many exposures Small and midsize U.S. companies are sharply increasing their exports, encouraged by falling trade barriers, a weakening dollar that makes...
S&P: Rising Claims, Competition Squeeze Canadian P/C Insurers
Jun 26 2008 // “Lack of premium growth nationwide and diminished results in the Ontario auto segment restrained results for Canadian property and casualty insurers in the past year,” according to a newly published report from...
Best Announces Rating Actions of 53 Canadian Insurers
Jun 23 2008 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of 30 Canadian P/C companies; upgraded seven FSRs and ICRs; upgraded seven ICRs (with no change to the FSRs); assigned four...
RBC Insurance Signs Agreement with Aon to Expand Business
Jun 11 2008 // Toronto-based RBC Insurance announced that it has signed an agreement with Aon Reed Stenhouse that makes Aon its “exclusive broker for competitive and comprehensive commercial property and casualty and trade credit...
Ratings: Wiener Staedtische, AXA (Canada), Max Capital, Tryggingamidstödin, Aveta, Ansvar, Norwegian Hull
Jun 11 2008 // Standard & Poor’s Ratings Services has affirmed its ‘A-‘ junior subordinated long-term debt rating on the €250 million ($387 million) undated, subordinated notes issued by Austria-based Wiener...
U.S. Court Approves Pet Food Maker’s $24 Million Lawsuit Fund
Jun 2 2008 // Menu Foods Income Fund said Friday that a U.S. court gave preliminary approval to a settlement agreement covering lawsuits in U.S. and Canadian courts. Menu Foods was was hit by more than 100 class action lawsuits last...
PartnerRe Makes Executive Changes in Global (Non-U.S.) Operations
Jun 2 2008 // Bermuda-based PartnerRe has announced the following executive changes in its Global (Non-U.S.) Operations: — Emmanuel Clarke has been named as Head of Specialty Lines, Global, effective Sept. 1, 2008. — He...
Ratings Roundup: Panther Re, Travelers (Canada), Montpelier Re
May 12 2008 // Standard & Poor’s Ratings Services has withdrawn its ‘BBB+’ counterparty credit rating on Panther Re Bermuda Ltd.’s senior secured Term A loan and its ‘BB+’ rating on Panther...
Argo Group Posts $36.9 Million Q1 Net Income; Conference Call Today, Details
May 6 2008 // The Bermuda-based Argo Group International Holdings, Ltd. (which includes the formerly Texas-based Argonaut Group) announced net income of $36.9 million for the first quarter of 2007, a 47 percent rise, while pretax...
