Canadian market News

Coalition Launches Cyber Insurance and Security Coverage in Canada

Coalition, the cyber insurance and security managing general agent, announced it is offering its products and services to Canada-based businesses. The San Francisco-based company described the offering as proactive cyber-security products and services as well as cyber and technology error …

Specialist MGA Lions Gate Expands Canada Offering with Environmental Insurance Cover

Lions Gate Underwriting, the Vancouver-based specialist managing general agent, has launched a new Environmental Insurance product as part of its coverage offering. The program is being underwritten by Great American Insurance Group, which backs a number of Lions Gate products, …

Canada’s Insurers to Cut Auto Premiums as Drivers Stay Home During COVID-19 Crisis

Insurance Bureau of Canada (IBC), an industry association for Canada’s home, auto and business insurers, on Wednesday said its members would lower costs for auto insurance to reflect reduced driving during the COVID-19 pandemic. Its members, which make up 90% …

Hub International Acquires Ontario-Based LSM Insurance Services

Hub International Ltd., a Chicago-based insurance brokerage, announced that it has acquired LSM Insurance Services Ltd. (LSM). Terms of the transaction were not disclosed. Headquartered in Markham, Ontario, Canada, LSM is a leading online provider of life and health insurance …

NFP Buys Canada Political Risk and Trade Credit Broker, Indemnis Trade Risk Mgmt

NFP, the New York City-based insurance broker and consultant, announced the acquisition of Indemnis Trade Risk Management Ltd. Financial details of the transaction, which closed on Dec. 10, 2019, were not disclosed. Indemnis, headquartered in Toronto, Ontario, Canada, with operations …

Hub International Acquires Canada’s RHC Insurance Brokers

Chicago-based broker Hub International Ltd. announced it has acquired RHC Insurance Brokers Ltd. and RHC Insurance Brokers (Cranbrook) Ltd. Terms of the transaction were not disclosed. Headquartered in Nelson, British Columbia, Canada, with nine additional offices across the province, RHC …

Starr Insurance Names Swiss Re’s O’Ryan as Canadian Manager, General Aviation

Starr Insurance Cos. has appointed Paul O’Ryan as Canadian territory manager, general aviation, effective Jan. 6. O’Ryan joins Starr from Swiss Re where he was head of General Aviation Americas in Toronto for more than 11 years, according to his …

NFP Makes Canadian Leadership Changes, Including Promotion of Padovani as President

NFP, the New York City-based insurance broker and consultant, announced leadership changes throughout Canada to support its growth in the region. Greg Padovani will serve as president of NFP in Canada. He joined NFP in 2017 at the commencement of …

Arthur J. Gallagher & Co. Acquires Canada’s SBW Employee Benefits

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Halifax, Nova Scotia-based Sinclair Billard and Weld Ltd., and CJM Solutions + Inc., which do business under the name of SBW Employee Benefits. Terms of the …

Berkshire Hathaway Specialty Taps AIG’s Adams as Head of Surety, Canada

Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its global surety team with the addition of Andrew Adams as head of Surety in Canada. In this new role, Adams will establish and expand BHSI’s contract and commercial surety relationships …