Canadian P/C Insurer Definity Seeks to Raise $1 Billion in IPO November 9, 2021 By Kevin Orland Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25...
Canada Insurers, Banks Can Resume Dividend Hikes as Regulator Lifts COVID-Era Curbs November 5, 2021 By Nichola Saminather TORONTO – Canadian banks and insurers can resume dividend increases and share buybacks and raise executive compensation, the country’s financial...
Canada Employers Shed Unvaccinated Workers With Legal Challenges Expected November 4, 2021 By Steve Scherer OTTAWA – Canadian employers are firing or putting on unpaid leave thousands of workers who refused to get COVID-19 shots,...
WTW’s Smith to Lead Chaucer’s Marine Specialty Division; NFP Names Beauchamp VP Commercial Lines; Insurtech BOXX Hires Steptoe as Global Chief Product Officer November 2, 2021 This edition of International People Moves details appointments in at insurer Chaucer (in the UK), the broker NFP (in Quebec)...
Southern Ontario Storms in September Cause Insured Damages of C$105M October 26, 2021 Storms that hit southern Ontario on Sept. 7 and Sept. 22 caused C$105 million (US$84.9 million) in insured damage, according...
Hub International Acquires Canadian Employee Benefits Broker Rogersworks Inc. October 18, 2021 Hub International Ltd., the Chicago-based global insurance brokerage and financial services firm, announced it has acquired the assets of Rogersworks...
Hub International Acquires Quebec’s H.W. Hollinger (Canada) October 8, 2021 Hub International Ltd., a Chicago-based insurance broker and financial services firm, announced it has acquired H.W. Hollinger (Canada) Inc. Terms...
Hub International Completes Purchase of Canada’s National Home Warranty Group October 7, 2021 Hub International Ltd., a Chicago-based broker and financial services firm, announced it has completed the acquisition of the assets of...
Insured Price Tag for Canada’s Summer Storms and Wildfires Nears C$200M September 24, 2021 Two storms that raged across Alberta and Saskatchewan in Canada in July and August caused C$120 million (US$94.5 million) in...
HSB Canada Introduces Cyber Coverage for Small Businesses September 22, 2021 HSB Canada, part of Munich Re, has introduced HSB Cyber Suite, a comprehensive collection of cyber insurance and services designed...