Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
People
Feb 10 2008 // The Nonprofits Insurance Alliance Group in Santa Cruz, Calif., appointed Kim Aday to vice president finance/treasurer. Aday joined the group in 1997 in the position of accountant. In early 2001, she was promoted to...
Canadian Ski Patrol, Insurance Brokers Issue Safety Warning
Feb 1 2008 // In the wake of recent skiing and boarding tragedies, the Canadian Ski Patrol System (CSPS) and the Insurance Brokers Association of Canada (IBAC) are advising Canadians to take precautions when skiing and riding this...
Insurance Bureau of Canada to Newfoundland, Labrador: Remove Insurance Tax
Jan 16 2008 // The Insurance Bureau of Canada (IBC) has repeated its long-standing call to the government of Newfoundland and Labrador to remove taxes on insurance premiums. “The people of Newfoundland & Labrador have the...
Insurance Bureau of Canada Calls for ‘Heightened Cooperation’ on Quakes
Jan 8 2008 // Central Europe isn’t the only place in the world that faces earthquake threats (See related article). The Insurance Bureau of Canada has issued a call for the creation of an ongoing working group between the...
Marsh Reorganizes into U.S./Canada and International; New Executives Named
Jan 3 2008 // Giant insurance broker Marsh announced changes to its global organizational structure as well as several senior management appointments. Marsh said its global insurance broking business will be consolidated into two...
Ratings Recap: Green Valley (Swiss Re), Aviva Canada, CSOB Pojistovna, Harbor Point Re, Hiscox
Dec 27 2007 // Standard & Poor’s Ratings Services has assigned its ‘BB+’ debt ratings to the €200 million ($292 million) Class A Series 1 Principal At-Risk variable-rate notes due Jan. 10, 2011 issued by Green...
Willis Names Van der Slikke VP – Canadian Energy Operations
Dec 11 2007 // Willis Group Holdings has appointed Cees van der Slikke to Executive Vice President of the Company’s Energy Business in Canada, as well as Managing Partner of the Calgary office. He will be responsible for the...
Canada’s HKMB Insurance to Merge with Hub International
Dec 5 2007 // Canadian commercial insurance broker HKMB International Insurance Brokers (HKMB) has agreed to join with Chicago-based Hub International Limited. HKMB will become a new regional platformand carry on business as HKMB Hub...
Cargill Recalls 1 Million Pounds of Beef Possibly Tainted by E coli
Nov 5 2007 // Wayzata, Minn.-based Cargill Inc. says it is recalling more than 1 million pounds of ground beef that may be contaminated with E. coli bacteria, the second time in less than a month it has voluntarily recalled beef that...
Ratings Recap: Labuan, Ansvar, MERITZ, Fairfax, Northbridge
Oct 26 2007 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Malaysia’s Labuan Reinsurance Ltd. with a stable outlook. “The...
Ratings Recap: Northbridge, Fondiaria, MGIC, Trust International, First Capital, St.Paul/Travelers (UK)
Oct 19 2007 // Standard & Poor’s Ratings Services has placed its ‘BBB’ counterparty credit and financial strength ratings on Northbridge Financial Corp.’s operating companies–Commonwealth Insurance Co.,...
Royal & SunAlliance Canada to Acquire Canadian Northern Shield Insurance
Oct 18 2007 // The Royal & SunAlliance Canada Group announced that it has entered into an agreement to purchase all of the shares of Canadian Northern Shield Insurance Company (CNS) from The CUMIS Group Limited for approximately $75...
Zurich Picks Campbell to Succeed Landry as Canadian CEO
Oct 18 2007 // Zurich Financial Services has announced that Robert Landry will retire as head of its Canadian operations at the end of the year. Alister Campbell, previously Senior Vice President at ING, has been tapped to succeed Landry...
R&M Adds Canada ‘Snapshot’
Oct 10 2007 // Dublin’s Research and Markets announced the addition of “Snapshots Canada Insurance 2007” to their offering, as part of the research firm’s “Snapdata” series. “Snapshots Canada...
Commerce Banc Insurance to be sold
Oct 8 2007 // Canada’s TD Bank Financial Group reported that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase...
Business Moves
Oct 8 2007 // The Hanover, Professionals Direct The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies...
Business Moves
Oct 8 2007 // The Hanover, Professionals Direct The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies...
Canada’s TD Banknorth to Buy N.J.’s Commerce Bank; Sell Insurance Unit
Oct 2 2007 // Canada’s TD Bank Financial Group reports that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase...
Exporters’ insurance: A world of opportunity
Sep 24 2007 // Companies moving into international markets could be exposed to risks not insured under domestic policies In the past 10 years, it has become much easier for U.S. companies to venture into the global marketplace. Advances...
R&M Publishes ‘Snapshot’ of Canadian P/C Market
Sep 21 2007 // Research and Markets has added “Snapshots Canada Non-Life Insurance 2007” to their offering, as part of the research firm’s Snapdata series. The report “provides 2005 year-end market size data, with...
