Canada News

Canada’s Economical Strengthens Executive Team, Realigns Operations

Waterloo, Ontario-based Economical Insurance announced two additions to its executive team. Fabian Richenberger will join the company as executive vice president, Commercial Insurance, and Kelley Irwin will join as senior vice president and chief information officer, effective May 1, 2017. …

Insured Damage for Southern Ontario Windstorm Estimated at US$73.4M

A windstorm that hit parts of southern Ontario on March 8, 2017 has caused almost C$100 million (US$73.4 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted a report from Catastrophe Indices and Quantification Inc. …

Markel Canada Buys Remaining 50% Stake in Allsport

Markel Canada, the Toronto-based subsidiary of Markel International, has acquired the remaining 50 percent stake in Allsport Insurance Marketing Ltd. Allsport is an incorporated managing general agent (MGA) specializing in providing insurance to Canadians for sports, leisure and recreation activities. …

BHSI Offers Professional Liability, Network Security & Privacy Cover in Canada

Berkshire Hathaway Specialty Insurance (BHSI) introduced its Professional First Professional Liability and Network Security & Privacy Policy and announced it has appointed Geoffrey Kendrick as head of Professional Lines in Canada. BHSI’s new Professional First Professional Liability and Network Security …

Canada’s Echelon Insurance Gets Danish Regulatory Nod to Sell Europe Unit

Canada-based Echelon Financial Holdings Inc. announced it has received regulatory approval from the Danish Financial Services Authority for the sale of its European operations. This completes the necessary regulatory approvals for the sale, Echelon said, noting that the sale is …

Canadian Broker Network Names Robinson as Chairman, Succeeding Miller

Canadian Broker Network (CBN), Canada’s network of independent insurance brokers, has appointed Mike Robinson, president and CEO, PBL Insurance Ltd., as chairman. Robinson succeeds Tim Miller, president of Capri Insurance Services, who has been CBN chairman for the past three …

Beazley Buys Canadian Specialty MGA, Creechurch Underwriters

Beazley is expanding its presence in Canada with the acquisition of the specialist managing general agent, Creechurch Underwriters. The financial terms of the transaction were not disclosed. Since its founding in 1996, Creechurch has built a strong reputation for providing …

Chubb Launches Services in Canada for High Net Worth, Family Office Clients

Chubb Insurance Co. of Canada has launched an array of complimentary services for its high net worth and family office customers. Signature Suiteā„¢ is designed to help protect and enhance affluent lifestyles by providing access to security services, travel safety …

PERILS Forms Alliance with CatIQ to Provide Industry Loss Data for Canada

PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data, has announced that it has entered a strategic alliance with Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ) to provide industry loss data for Canada via the PERILS Industry Loss …

H.W. Kaufman, Burns & Wilcox Canada Buy XN Canada Private Client Services

H.W. Kaufman Financial Group and Burns & Wilcox Canada announced they have acquired the high-value homeowner’s insurance practice from Quebec-based XN Financial Services Inc. (XN). A managing general agent and provider of insurance products, XN is a subsidiary of The …