Canadian market News

Hub International Agrees to Buy Aviva Canada Unit, National Home Warranty Group

Hub International Ltd., the Chicago-based insurance broker, announced that it has signed a purchase agreement to acquire the assets of National Home Warranty Group Inc., a wholly owned subsidiary of Aviva Canada Inc. Terms of the agreement were not disclosed. …

Canada’s Five Biggest Banks to Require Their Employees to Be Fully Vaccinated

TORONTO – Canada’s five biggest banks are mandating that employees working from their offices must be fully vaccinated against COVID-19 this fall, taking a firmer stance than some of their U.S. counterparts and some other Canadian companies. Royal Bank of …

Willis Towers Watson Promotes Mead to Canadian Property/Casualty Broking Leader

Insurance broker Willis Towers Watson announced that Kate Mead is the new head of its Canadian property/casualty broking team. Previously Willis Towers Watson’s practice leader for the Midwest, Northeast U.S. & Canadian Environmental business, Mead will now focus on strengthening …

Insurance Becomes Top Operating Cost Concern for Small Canadian Firms: Survey

Insurance has become the top operating cost concern for small businesses in Canada with seven in ten reporting that their premiums have gone up since the beginning of the year, according to the Canadian Federation of Independent Business (CFIB) in …

McLarens Acquires Canadian Loss Adjusting Firm MGB Claims Consultants

McLarens, the Atlanta-based independent insurance services provider, announced the acquisition of MGB Claims Consultants Inc., a complex commercial claims adjusting firm in Canada. Financial terms of the transaction were not disclosed. Headquartered in Toronto with additional employees in Calgary and …

NFP in Canada and Aviation Broker Piiq Risk Form Exclusive Partnership

NFP, a New York-based insurance broker and consultant, announced the formation of an exclusive strategic partnership in Canada with aviation re/insurance broker Piiq Risk Partners. The NFP Complex Risk Solutions Group will provide domestic account servicing in Canada to Piiq’s …

Chubb Canada Launches Hub for General Aviation and Non-Major Aerospace Insurance

Chubb announced that it has set up an aviation hub in Canada to develop further its domestic general aviation and non-major aerospace business. The Canadian Aviation hub is part of a new regional focus for the aviation team from Chubb …

Coalition Enters Canadian Excess Cyber Insurance Market

Coalition, the San Francisco-based cyber insurance and security company, announced it will enter the excess cyber insurance market in Canada to help protect businesses with enhanced coverage. With the coverage, Coalition will provide free access to Coalition’s cyber-security capabilities, including …

Canadian Municipalities Face Surging Liability Insurance Costs

TORONTO – Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for residents. The increase in premiums, about 20% to …

Budweiser Insurance, Eh? Beer Maker Taps Into Canadians’ Love for BBQs

The “king of beers”—Budweiser— is venturing into the Canadian insurance industry with the launch of Budweiser Insurance. The major brand made its intentions known in two separate announcements. Addressing those who doubted the seriousness of the effort, Mike D’Agostini, Budweiser …