Trudeau Hits Canadian Insurers and Banks With Billions in Extra Taxes April 8, 2022 By Derek Decloet and Kevin Orland Finance Minister Chrystia Freeland is imposing a one-time windfall levy on Canada’s major banks and permanently increasing their income tax...
Definity Financial’s CEO Plots Acquisitions After Insurer’s Canadian IPO November 29, 2021 By Kevin Orland Definity Financial Corp., the 150-year-old insurer that held its initial public offering [on Nov. 17], will look to use its...
P/C Insurer Definity Raises $1.1B in Largest Canadian IPO of 2021 November 18, 2021 By Kevin Orland Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about C$1.4 billion ($1.1...
Canadian P/C Insurer Definity Seeks to Raise $1 Billion in IPO November 9, 2021 By Kevin Orland Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25...
Canadian Insurtech Farmers Edge Raises $100 Million in IPO February 26, 2021 By Kevin Orland and Marcy Nicholson Farmers Edge Inc. raised about C$125 million ($100 million) in its Canadian initial public offering after selling shares at the...
AI Startup that Uses AI and Partners with Re/insurers, Now Is Seeking Canadian IPO February 10, 2021 By Marcy Nicholson and Kevin Orland Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about...
Canada’s Intact Financial Caps Decade of Acquisitions with $9.4 Billion RSA Deal November 19, 2020 By Kevin Orland After a decade of buying up rivals to become Canada’s largest property and casualty insurer, Intact Financial Corp. is looking...
New Unicorn Wealthsimple Plans Insurance, Mortgage Products Buildout Before IPO October 16, 2020 By Kevin Orland Fresh off achieving a $1 billion valuation, Wealthsimple Inc.’s top executive says the firm has more work to do before...
Legal Marijuana Worries Canadian Oil Companies with Strict Drug Testing Regimes February 1, 2018 By Jen Skerritt and Kevin Orland Once recreational marijuana becomes legal in Canada, Garnet Amundson says it will get a lot harder to find the workers...
Staples Still Tallying Costs of Data Breach November 20, 2014 By Kevin Orland Staples Inc., the world’s largest office-supply chain, said it can’t yet “reasonably” estimate the potential losses and expenses it will...