Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Canadian Regulators Approve Genworth Sale of Stake to Brookfield
Dec 9 2019 // Canadian regulators have approved the sale of Genworth Financial Inc.’s majority stake in its Canadian unit to asset manager Brookfield Business Partners, the companies said on Monday. Genworth said in October that...
Gallagher Names Partington CEO of Canadian Brokerage Operations
Dec 6 2019 // Gallagher, the Rolling Meadows, Ill.-based insurance broker, has named Dave Partington as CEO of its Canadian retail property/casualty brokerage operations, where he will lead the strategy and culture for continued growth...
Berkshire Hathaway Specialty Taps AIG’s Adams as Head of Surety, Canada
Dec 5 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its global surety team with the addition of Andrew Adams as head of Surety in Canada. In this new role, Adams will establish and expand BHSI’s...
Canada’s Westland Insurance Appoints Fraser as Chief People Officer
Dec 3 2019 // Canadian insurance broker Westland Insurance Group Ltd. has appointed Keri Fraser as its chief people officer (CPO), effective Nov. 12, 2019. Fraser joins Westland from Colliers, where she was vice president Human...
HUB Names Virdi as Chief Cannabis Insurance Sales Officer
Nov 13 2019 // Insurance broker HUB International recently named Jay Virdi as its chief sales officer for its cannabis insurance and risk services in the U.S. and Canada. As chief sales officer, Virdi will focus on further developing...
Hub International Buys Canada Employee Benefit Consultant, W.R. Carey Corp.
Nov 8 2019 // Hub International Ltd., a Chicago-based insurance broker, announced it has acquired the assets of W.R. Carey Corp. Terms of the transaction were not disclosed. Located in Winnipeg, Manitoba, Canada, Carey Corp. is an...
Kaufman Group, Burns & Wilcox Promote 23 Associates Including D’Antoni
Nov 8 2019 // Global insurance services firm H.W. Kaufman Group and its subsidiary Burns & Wilcox, a North American wholesale insurance broker and underwriting manager, have announced numerous leadership promotions. Twenty-three...
HUB International Acquires Canada’s RBI Advisory Group
Nov 5 2019 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired R Bruce Inc., which does business as RBI Advisory Group. Terms of the transaction were not disclosed. Located in Okotoks, Alberta,...
All Members of Canada’s Desjardins Hit by Data Breach: Finance Minister
Nov 4 2019 // A June data breach that hit Canada’s Desjardins Group has affected all of the financial cooperative’s 4.2 million members, prompting government reforms to protect personal information in the Canadian province...
Start-Up Constellation Holdings Has $500M from Canadian Investors to Invest in Insurers
Oct 24 2019 // Constellation Insurance Holdings, founded by industry veteran Anurag Chandra, former CEO of Prosperity Life Insurance Group, has partnered with Canadian institutional investors, Caisse de dépôt et placement du Québec...
Hub International Acquires Canadian Broker PDF Financial Group
Oct 9 2019 // Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired PDF Financial Group Inc. Terms of the transaction were not disclosed. Based in Toronto, Ontario, Canada, PDF is an independent...
Hub International Acquires Ontario-Based ProCorp Financial
Oct 7 2019 // Hub International Ltd., a Chicago-based global insurance brokerage, announced it has acquired ProCorp Financial Inc. Terms of the transaction were not disclosed. Based in Ottawa, Ontario, Canada, ProCorp Financial is a...
Hurricane Dorian Caused More Than C$105M in Insured Damage to Atlantic Canada
Oct 7 2019 // Hurricane Dorian hit Atlantic Canada on Sept. 7 causing more than C$105 million (US$78.9 million) in insured damage, said Insurance Bureau of Canada, quoting the Catastrophe Indices and Quantification Inc. (CatIQ).* The...
Hub International Buys Canada Employee Benefits Consultant, Regency Advisory Corp.
Oct 3 2019 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the Canadian employee consulting firm, Regency Advisory Corp. Terms of the transaction were not disclosed. Located in Saskatoon,...
Canada Insurer Intact Financial Corp. Completes Acquisition of On Side Restoration
Oct 2 2019 // Intact Financial Corp., the Toronto-based property and casualty insurer, announced it has completed the acquisition of On Side Developments Ltd., the parent company of On Side Restoration. With more than 1,200 employees...
Cyber-Attacks Named as Top Business Risk in U.S., Canada and Europe, by WEF Survey
Oct 1 2019 // Cyber-attacks are named as the leading risk for business executives in the United States, Canada and Europe, according to a survey of business leaders published by the World Economic Forum, in partnership with Zurich...
Everest Insurance Buys Remaining Shares of Canadian IT Consulting Firm Salus Systems
Sep 26 2019 // Everest Insurance announced it has purchased all outstanding remaining shares of its joint venture partner, Victoria, Canada-based Salus Systems LLC. Financial details of the transaction were not disclosed. An IT...
Canadian Insurtech Apollo to Offer Educators Liability Coverage in California
Sep 12 2019 // Apollo Insurance Solutions, a Canadian insurance marketplace, has entered the American market with a liability insurance product tailored for educators in California. The product allows consultants, instructors, and...
AXA XL Appoints Zurich’s Tello to Lead New Captive Insurance Practice in Canada
Sep 11 2019 // AXA XL has launched a local captive practice in Canada which will be led by expert Alonso Y. Tello. Tello’s appointment is part of AXA XL’s continued growth to bring in expertise and expand the group’s...
Report Sees ‘Explosive’ Growth for North American Cannabis Market
Sep 5 2019 // The cannabis market in North America will be worth $47.3 billion by 2024, a new report shows. The report out this week paints a positive portrait of the cannabis industry in the U.S. and Canada that “is growing at an...
