Quebec’s French-First Law Stokes Alarm in Business Community Over Language Police January 3, 2023 By Mathieu Dion Businesses in Quebec are looking at all the usual hurdles as they plan for next year: Inflation, supply chains, employee...
Hurricane Fiona Breaks New Records in Atlantic Canada With Insured Damage of C$660M October 19, 2022 Hurricane Fiona is estimated to have caused C$660 million (US$436.8 million) in insured damage, according to the Insurance Bureau of...
Derecho Storm Ranks as Canada’s 6th Largest Insured Loss on Record June 16, 2022 The storm that swept through southern Ontario and parts of Quebec on Saturday, May 21, caused over C$875 million (US$676.3...
Canada’s Axis Insurance Managers Acquires BMG Insurance Brokers June 15, 2022 Axis Insurance Managers, a Vancouver, Canada-based insurance broker, has completed the acquisition of BMG Aviation Ltd., which does business as...
Canada Plans to Force Companies to Report Cyber Attacks, Fortify Cyber Systems June 15, 2022 Canadian businesses operating in critical infrastructure sectors would be required to report cyber attacks to the federal government and would...
Canada Releases Draft Guidelines to Manage Financial Risks of Climate Change May 27, 2022 A Canadian financial regulator released draft guidelines on Thursday to mitigate the risks of climate change as the country’s financial...
Canada’s Housing Downturn Among Biggest Financial System Risks, Regulator Warns April 22, 2022 By Nichola Saminather A housing market downturn in Canada is among the biggest risks facing the financial system this year, the country’s financial...
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...
Arthur J. Gallagher & Co. Acquires Canada’s PCI Compensation Consulting March 25, 2022 Arthur J. Gallagher & Co. announced the acquisition of Montreal, Quebec-based PCI-Perrault Consulting Inc. (doing business as PCI Compensation Consulting)....
Canada’s Definity to Acquire Minority Stake in Broker Apollo Insurance March 11, 2022 Definity Financial Corp. announced a strategic partnership with APOLLO Insurance Solutions Ltd., a Canadian digital insurance broker and MGA that...