Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Canadian Exporters Inquire About Trade Credit Insurance as Trump’s Tariffs Raise Risk
Apr 11 2025 // A little-known insurance product is gaining traction in Canada as exporters seek to guard against losses and bankruptcies of their suppliers and customers due to U.S. President Donald Trump’s tariffs, insurers...
Family of Canadian CEO Killed in Helicopter Crash Files $35 Million Lawsuit
Mar 31 2025 // The family of Stephane Roy, a Canadian entrepreneur killed in a helicopter accident in 2019, has filed a C$50 million ($35 million) lawsuit against manufacturer Robinson Helicopter Co. Roy and his 15-year-old son Justin...
Swiss Re to Sell Entire 10.05% Stake in Canada’s Definity Financial for C$655 Million
Mar 19 2025 // Swiss Re is selling its entire 10.05% stake in Definity Financial, the Canadian property/casualty insurer, for C$655 million ($458.1 million) — a decision the reinsurer made after a review of its investment...
Canada Court Approves $23 Billion Settlement to End Big Tobacco Lawsuits
Mar 7 2025 // A Canadian court approved a plan to settle long-running tobacco lawsuits in the country as part of which the units of three Big Tobacco companies will pay C$32.5 billion ($22.67 billion), Philip Morris and British American...
Hazardous Cargo Secured From Ship Grounded on Canada’s East Coast
Mar 4 2025 // The hazardous cargo and fuel on a ship that ran aground in Canada last month has been contained, according to the company that manages the vessel. MSC Mediterranean Shipping Co. has also hired a salvage company and a...
Canada’s Axis Insurance Acquires Calgary-Based Fuse Insurance
Feb 25 2025 // Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Fuse Insurance, a Calgary-based, technology-driven commercial insurance brokerage. Founded in 2017, Fuse has built a...
Insured Losses From Calgary Hailstorm Reach C$3.25B as 2nd Costliest Canada Disaster
Feb 12 2025 // The tally for Calgary’s record-breaking hailstorm last August continues to rise, with total insured losses now estimated to be C$3.25 billion (US$2.2 billion), according to the Insurance Bureau of Canada, quoting...
Drought Leaves Canadian Farmers Unpaid, Reveals Holes in Safety Net
Feb 12 2025 // Canadian farmer Bill Prybylski planned to buy a new tractor with proceeds from crops sold to two grain companies in early 2024. He delivered the grain before both companies declared bankruptcy, leaving him short C$165,000...
Four Canadian Banks Quit Climate Group as Exodus Begun by Wall Street Picks Up
Jan 20 2025 // Four of Canada’s biggest banks are leaving the industry’s top climate-finance alliance, joining Wall Street peers and extending an exodus that started in early December. Canadian Imperial Bank of Commerce,...
Canadian Insured Losses From Catastrophic Events Total C$8.5 Billion in 2024: CatIQ
Jan 13 2025 // The magnitude of catastrophic events experienced across Canada in 2024 pushed the insured loss total for the region to C$8.5 billion (US$5.9 billion), according to Catastrophe Indices and Quantification Inc. (CatIQ),...
Arthur J. Gallagher & Co. Acquires Canadian Broker Encore Group
Jan 6 2025 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based insurance brokerage, announced the acquisition of Waterloo, Ontario-based Encore Insurance Services Inc., dba Encore Group. Terms of the transaction were...
Arthur J. Gallagher & Co. Acquires Brokerages in Canada and Australia
Dec 3 2024 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-headquartered insurance brokerage, risk management and consulting services firm, announced the acquisition of a Canadian and Australian insurance brokerages. In...
British Columbia Can Mount Opioid Class Action, Canada’s Top Court Says
Dec 2 2024 // The province of British Columbia can bring a class action lawsuit against pharmaceutical companies for opioid harms on behalf of multiple governments across Canada, the country’s Supreme Court ruled on Friday. In...
People Moves: HUB Int’l Names Dutton President of HUB Canada West; Von Mesterhazy Appointed Managing Director of Allianz UK Specialty, as O’Keeffe Retires
Nov 26 2024 // This edition of International People Moves details appointments at HUB International and Allianz UK Specialty. A summary of these new hires follows here. HUB International Names Dutton President of HUB Canada West HUB...
Intact Financial Acquires Canada’s No. 1 Home Maintenance App
Nov 14 2024 // Intact Financial Corp., the Toronto-based property-casualty insurer, announce that it has acquired Jiffy Inc., Canada’s No. 1 home maintenance app. Through this acquisition, Jiffy will have the platform and...
China Is Scanning Canada’s Cyber Defenses, State Watchdog Warns
Oct 28 2024 // The Canadian government warned Friday that “a sophisticated state-sponsored threat actor from the People’s Republic of China” has been scanning the cyber defenses of important public...
Big Tobacco Firms Near Deal to Settle Canada Smoking Risk Cases
Oct 18 2024 // Three of the world’s biggest tobacco companies are near a possible deal to resolve longstanding claims in Canada that they held back information about the health risks of cigarettes. Under the proposal from a...
Climate Change Causes 379% Hike in Insured Damages in Canada Over 10 Years: Report
Oct 17 2024 // The annual average insurable losses in the last decade increased in Canada by a whopping 379%, when compared to the prior 30-year average, according to an analysis from MyChoice, a Toronto-based insurtech company. The...
Canada’s Axis Insurance Acquires P/C Broker Baker Insurance
Sep 27 2024 // Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Baker Insurance, a property/casualty brokerage based in Calgary. Financial details of the deal were not...
Canada’s Axis Insurance Acquires Employee Benefits Specialist O’Neill Group
Sep 25 2024 // Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced it has acquired the O’Neill Group, one of British Columbia’s premier employee group benefits, life insurance, and wealth...
