Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Canada Broker Navacord Acquires Demers’ Insurance in Alberta
Jun 7 2019 // Toronto-based broker Navacord Corp. announce it has the addition of Bonnyville, Alberta-based Demers’ Insurance Ltd., effective June 3, 2019. Financial details of the transaction were not disclosed. Serving...
Canada’s Western Financial Acquires Ontario Brokerage EGM Insurance Group
Jun 5 2019 // Western Financial Group has furthered its strategic expansion in Ontario with the acquisition of EGM Insurance Group. Financial details of the acquisition, which is Western’s third brokerage acquisition in Ontario,...
FAA ‘Very Encouraged’ by Talk with World’s Regulators on Grounded Boeing 737
May 24 2019 // The chief U.S. aviation regulator said he was very encouraged by a one-day discussion with his counterparts from around the world on the steps needed to return Boeing Co.’s grounded 737 Max jetliner to service,...
Allianz Invests in Canadian Robo Adviser Wealthsimple, Leading $75M Funding Round
May 23 2019 // Wealthsimple, the Canadian robo adviser company controlled by Power Financial Corp., is gaining another behemoth shareholder as it slowly gears up for an initial public offering. Allianz X, the tech investment fund of...
Some of April’s Costly Storms: U.S. Tornadoes, Canada Floods, Mozambique Cyclone
May 14 2019 // Some of April’s natural catastrophes included an elevated number of tornadoes in the United States, the strongest cyclone to hit Mozambique on record and costly seasonal flooding Eastern Canada that inundated nearly...
Hub International Acquires Canada’s Clarity Benefits Group
May 8 2019 // Hub International Ltd., the Chicago-based insurance brokerage, announced that it has acquired the assets of Clarity Benefits Group Inc. Terms of the transaction were not disclosed. Based in Calgary, Alberta, Canada,...
How Drone Use Becomes More Challenging When Deploying Fleets
May 3 2019 // Search and rescue crews are already using drones to locate missing hikers. Farmers are flying them over fields to survey crops. Insurers have integrated drones as a part of their disaster recovery efforts. And delivery...
Canadian Banks, Insurers Tap Blockchain Technology to Verify Client Identities
May 2 2019 // Canada is making a big leap in modernizing identity verification, tapping blockchain technology to let consumers digitally prove who they are to securely access banking and other personal services. SecureKey Technologies...
Hartford InsurTech Hub Holds Demo Day, Completes Second Accelerator Program
Apr 30 2019 // Hartford InsurTech Hub, powered by Startupbootcamp, hosted its second Demo Day at the Bushnell Performing Arts Center in Hartford, Conn., on April 26. The InsurTech Accelerator is the first component of Hartford InsurTech...
Partner Re Names Colello to Lead P/C Business in U.S., Canada, Latin America
Apr 17 2019 // PartnerRe announced that Jonathan Colello will join the company effective July 1, 2019, as chief executive officer for P&C Americas, and president of Partner Reinsurance Co. of the U.S. In his new role, Colello will...
Trump Clears Way for U.S. Suits Against Foreign Firms Operating in Cuba
Apr 17 2019 // The Trump administration will allow lawsuits in U.S. courts for the first time against foreign companies that use properties Communist-ruled Cuba confiscated after Fidel Castro’s revolution in the 1950s, a senior...
Royer Named Head of Liability for Zurich Canada
Apr 16 2019 // Marco Royer has been named head of Liability for Zurich Canada. Royer will be responsible for leading the underwriting teams in Zurich Canada’s liability portfolio, including casualty, energy casualty, construction...
Canada Insurer The Co-operators Buys Robinson & Associates Insurance Brokers
Apr 12 2019 // Canadian insurer The Co-operators announced it has purchased Robinson & Associates Insurance Brokers in Niagara Falls and Ridgeway, Ontario. Financial details of the deal were not disclosed. The brokerage’s...
Records Show Sensors Linked to Boeing 737 Max Crashes Vulnerable to Failure
Apr 11 2019 // The crashes of two Boeing Co. 737 Max jets in five months have focused attention on a little-known device that malfunctioned, starting a chain reaction that sent the planes into deadly dives. Pilots have for decades relied...
Zurich Canada Names Aon’s Royer as Head of Liability
Apr 11 2019 // Marco Royer has been named head of Liability for Zurich Canada. Royer will be a member of the Zurich Canada executive team and will report to Zurich Canada CEO Saad Mered. His first day at Zurich will be July 1. He will be...
Chubb Expands Insurance Coverage in Canada for Private Equity Firms
Apr 10 2019 // Chubb is providing expanded insurance coverage, called “Private Equity+”, to address “the unique risks of Canadian private equity firms.” These extended offerings help transfer and mitigate many of...
Arthur J. Gallagher Acquires Canada’s Keyser Benefits Corp.
Apr 5 2019 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Canadian broker Keyser Benefits Corp. Terms of the transaction were not disclosed. With roots dating back more than 45...
Hub International Acquires Canada Broker Del Fisher Insurance
Apr 3 2019 // Hub International Ltd., the Chicago-based insurance broker, announced that it has acquired Del Fisher Insurance Inc. Terms of the transaction were not disclosed. Based in Calgary, Alberta, Canada, Del Fisher Insurance is...
Insurers Cautious About Marijuana Insurance Market
Apr 1 2019 // The marijuana industry is an opportunity for insurers as more states have legalized the drug. But there are still risks in play that could limit wider carrier participation, A.M. Best said in a new report, “Cannabis:...
AIG Exits Individual Personal Lines Business in Canada
Mar 29 2019 // American International Group (AIG) has decided to stop underwriting new policies in its individual personal insurance lines of business in Canada, namely auto and homeowners. “We continually review our operations to...
