Canadian market News

Canada Gets Ready for Legalized Recreational Marijuana on Oct. 17

Mat Beren and his friends used to drive by the vast greenhouses of southern British Columbia and joke about how much weed they could grow there. Years later, it’s no joke. The tomato and pepper plants that once filled some …

Canadian Broker Network Appoints Kemp, Co-President of CapriCMW, as Chairman

Canadian Broker Network(CBN), the Toronto-based network of independent insurance brokers, has appointed Andrew Kemp, co-president, CapriCMW Insurance Services Ltd., as the next CBN chairman. He succeeds Mike Robinson, president, PBL Insurance Ltd., who is completing a two-year term as CBN …

Canada MGA Totten Insurance Buys Lloyd’s Coverholder Anderson McTague

Totten Insurance Group Inc., a Toronto-based managing general agency, announced it has acquired Anderson McTague & Associates Ltd. Terms of the transaction were not disclosed. Headquartered in Saint John, New Brunswick, Canada, Anderson McTague has served Atlantic Canada’s independent insurance …

Canada’s Intact Financial Not Planning to Insure Recreational Cannabis Industry

Don’t expect Intact Financial Corp., Canada’s largest property and casualty insurer, to insure the recreational-cannabis industry anytime soon. “It’s not seen as the pot of gold that we should chase after,” Chief Financial Officer Louis Marcotte said Tuesday at the …

The Co-operators Offers Storm Surge Insurance to Homeowners in Atlantic Canada

The Co-operators Group Ltd. is offering storm surge insurance to homeowners in the provinces of Atlantic Canada: New Brunswick, Prince Edward Island, Nova Scotia, and Newfoundland and Labrador. Most recently released in Nova Scotia, The Co-operators Comprehensive Water insurance is …

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 …