Canadian market News

Canada Delays Sales of Recreational Cannabis in Retail Stores as Legalization Looms

Canada’s largest province is delaying the launch of private marijuana sales in bricks-and-mortar stores until April 2019, nearly six months after the drug is legalized for recreational use. Ontario’s Progressive Conservative government said Monday it will start cannabis sales with …

Hub International Buys Canadian Broker Blackstone Insurance, Benefits & Bonding

Hub International Ltd., the Chicago-based insurance broker, has acquired Canada’s Blackstone Insurance, Benefits & Bonding Inc. Terms of the acquisition were not disclosed. Headquartered in Saskatoon, Saskatchewan with an additional office in Regina, Blackstone Insurance is a Commercial Insurance and …

Hub International Acquires Ontario-Based Benefit Broker Services Inc.

Hub International Ltd., the Chicago-based insurance broker, announced it has acquired Benefit Broker Services Inc. Terms of the acquisition were not disclosed. Located in Wallaceburg, Ontario, Benefit Broker provides innovative solutions around employee benefits and pension plans. This deal supports …

Hub International Buys Ontario-Based Southland Insurance Brokers

Hub International Limited (Hub), the Chicago-based insurance brokerage, announced it has acquired Southland Insurance Brokers Inc. Terms of the acquisition were not disclosed. With Ontario offices in Leamington, Tecumseh and Harrow, Southland has been providing customers in Windsor and Essex …

Hub International Buys P/C Business of Ontario Broker Cypher Systems Group

Hub International Ltd., the Chicago-based insurance broker, announced that it has acquired the property and casualty insurance business of Cypher Systems Group Inc. (CSG) and certain of its affiliates, an insurance broker servicing large Canadian group and affinity programs. The …

AXIS Insurance Promotes Randell to Head of Canada Insurance & Chief Agent, Canada

AXIS Insurance, a business segment of AXIS Capital Holdings Ltd., announced the promotion of Brad Randell to head of Canada Insurance, and chief agent, Canada, subject to review and/or approval of various Canadian regulatory entities. Randell will oversee AXIS’ insurance …

Some Recreational Cannabis Products to Remain Banned Under New Canada Law

A key segment of Canada’s marijuana industry will remain banned for up to a year after the drug becomes legal for recreational use — making it harder for Justin Trudeau to kill off the black market. Edibles, beverages, and pot …

Canadian Health Insurers Reluctant to Provide Cover for Medical Marijuana

Sun Life Financial, Canada’s No. 2 insurer, recently started covering medical marijuana in its Canadian health insurance plan – more than 17 years after the country first legalized it. The coverage, which requires employers to pay a premium, extends only …

Beazley Taps Hawthorne, Formerly with Guarantee, as Territory Manager for E. Canada

Beazley, the specialist insurer, has appointed Jo-Anne Hawthorne as territory manager for eastern Canada. Hawthorne will report to Cheryl Hobbs and will be responsible for developing closer relations with brokers in Ontario, Atlantic Canada, Ottawa and Quebec with a view …

Canada’s Western Financial Group Acquires Ontario Broker, Axion Insurance

Western Financial Group Inc. announced that it has acquired Axion Insurance Services Inc. of Ontario. The acquisition was completed on June 19, 2018 and will add 10 Ontario-based locations and approximately 60 insurance experts to Western’s existing network of insurance …