Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
People Moves: HDI Global Canada Promotes Navarrete to Managing Director; AXA XL Appoints Kuklinski as Regional Mgr. for Northern Europe, Germany’s Country Mgr.
Jul 1 2024 // This edition of International People Moves details appointments at HDI Global and AXA XL. A summary of these new hires follows here. HDI Global Canada Promotes Navarrete to Managing Director Klaus Navarrete HDI Global...
Cyber Extortion Reached Record High in US and Canada in 2023: Marsh
Jul 1 2024 // Multiple companies in the United States and Canada experienced a record number of cyber extortion events in 2023 and unprecedented demands, a new report from Marsh shows. The report, Ransomware: A persistent challenge in...
Eastern Canada Wildfire Forces Evacuation of Hydro Plant Workers
Jun 26 2024 // A wildfire in an eastern Canadian province moved closer to a huge power plant on Tuesday, forcing the evacuation of workers from a nearby town, officials said. “So (this is) very concerning,” Newfoundland and...
Marsh: Cyber Extortion Reached Record High in US and Canada in 2023
Jun 14 2024 // Multiple companies in the U.S. and Canada experienced a record number of cyber extortion events in 2023 and unprecedented demands, a new report from Marsh shows. The report, Ransomware: A persistent challenge in cyber...
Canada’s Largest School Board Targeted by Ransomware Attack
Jun 13 2024 // Canada’s largest school district is investigating a cyber incident, adding to a series of ransomware attacks that have caused disruptions to companies and public institutions in the country. The Toronto District...
Canadian Broker Axis Insurance Gets Investment From PE Firm, Lee Equity Partners
Jun 11 2024 // Axis Insurance Managers Inc., the Vancouver-based independent specialty insurance brokerage, announced it has received a significant growth investment from Lee Equity Partners LLC, a middle market private equity firm that...
Canadian Billionaire Prem Watsa to Step Down as Chairman of Fairfax India
Jun 4 2024 // Fairfax India Holdings Corp. on Monday said Prem Watsa, popularly known as “Canada’s Warren Buffett,” will step down as the investment firm’s chairman. He will be replaced by his son Benjamin Watsa,...
Canada’s Desjardins Completes Purchase of Insurance Company of Prince Edward Island
Jun 3 2024 // Desjardins Group and The Insurance Company of Prince Edward Island (ICPEI) have confirmed that the transaction announced in March 2024 has closed. Financial details of the deal were not disclosed. With this acquisition,...
People Moves: BHSI Promotes Riley to Lead Casualty Biz in Canada as DeSouza Retires; Broker Insights Names Scott CEO, Succeeding Edmond Who Becomes President
May 24 2024 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and the software developer Broker Insights. BHSI Names Riley to Lead Casualty Business in Canada as DeSouza...
Remote Work, Aging Tech Targeted by Canada Cybersecurity Plan
May 24 2024 // Canada released its first-ever cybersecurity strategy for federal government departments and agencies on Wednesday, with the aim of addressing challenges posed by remote work, cloud computing, aging infrastructure and...
Axis Insurance Managers Acquires Canadian Broker Magnes Group
May 23 2024 // Axis Insurance Managers Inc., the Vancouver, Canada-headquartered brokerage, announced it has acquired The Magnes Group Inc. Axis Insurance said it made its initial investment in Magnes in 2015. Financial details of the...
Axis Insurance acquires Magnes Group, expanding its Canadian presence.
May 22 2024 // May 22, 2024 — Axis Insurance Managers Inc. (“Axis Insurance”) announced today that it has acquired The Magnes Group Inc. (“Magnes”). Axis Insurance made its initial investment in Magnes in...
Canada Plans Harsher Laws, Equipment Bans to Fight Car Theft
May 21 2024 // Canada’s government is banning key-programming machines and other equipment used to steal cars, while implementing harsher penalties to combat a rising number of auto thefts across the country. Minister of Justice...
People Moves: CFC Canada Taps Marsh’s Della Mora as CEO, Opens 1st Canada Office
May 21 2024 // CFC, the London-based specialist managing general agent, announced the appointment of Kate Della Mora to the newly created role of CEO, CFC Canada. Della Mora’s appointment coincides with the launch of CFC’s...
Wildfires Could Affect Over Half of Canada’s Oil Sands Output: Report
May 17 2024 // More than half of the oil sands production from Canada could be impacted if the wildfires in Alberta and British Columbia worsen, Rystad Energy said in a report on Thursday. WHY IT’S IMPORTANT Canada is one of the...
Oil-Sands Capital of Canada Now Grappling With Second Wildfire
May 16 2024 // The unofficial capital of Canada’s oil-sands industry is now facing a second wildfire that’s north of the city and closer to major energy operations. The new blaze near Fort McMurray, Alberta, is about 3...
Canadian Crews Battle Wildfire Threatening Remote Western Town
May 14 2024 // Firefighters on Monday battled a large wildfire heading towards a remote western Canadian town as winds and tinder dry conditions threatened to spread the flames further, a provincial minister said. The largely evacuated...
Western Canada Wildfires Prompt Evacuations, Air Quality Warnings
May 13 2024 // The season’s first major wildfires have spread to roughly 10,000 hectares (24,710 acres) across Western Canada on Sunday as authorities issued an evacuation order for a community in British Columbia and warned of...
Hub International Acquires Certain Assets of Canada’s 2197747 Alberta Ltd.
May 9 2024 // Hub International Ltd., the Chicago-based insurance brokerage and financial services firm, announced the acquisition of certain assets from 2197747 Alberta Ltd., which is in turn partially owned by Carianne...
Canada’s London Drugs Shuts Pharmacies After Cyber Incident
Apr 29 2024 // Pharmacy chain London Drugs Ltd. shut dozens of stores in western Canada on Sunday following a cyber incident. The chain discovered it was the victim of a cybersecurity incident on Sunday, a representative said by email,...
