HDI Global Specialty Launches Digital Platform for General Aviation in Canada March 27, 2023 HDI Global Specialty SE (HDI) has launched a new insurance platform in Canada which delivers general aviation policies to brokers...
Canada Financial Watchdog Sets Rules for Insurers, Banks on Climate Risk Disclosure March 8, 2023 By Esteban Duarte Canada’s financial industry regulator published a set of guidelines for banks, insurance companies and other regulated firms to assess and...
Insured Damages in Canada From Hurricane Fiona Now Top C$800M January 6, 2023 Insured damages from Hurricane Fiona are now estimated at over C$800 million (US$591.2 million), according to the Insurance Bureau of...
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...