Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Hub’s Totten Insurance Group Buys Canadian Resources Insurance Solutions
Aug 3 2016 // Totten Insurance Group, the Toronto-based managing general agency, announced that it has acquired the shares of Canadian Resources Insurance Solutions Inc. (CRIS), a Sudbury, Ontario-based insurance wholesaler. Terms of...
Canada’s Economical Insurance Names Saunders as President & CEO
Jul 28 2016 // Economical Insurance, headquartered in Waterloo, Ontario, has named Rowan Saunders as president and CEO, effective Nov. 1, 2016. This follows the announcement on Feb. 19, 2016, that current president and CEO, Karen Gavan,...
BHSI Expands Financial Institutions Cover in Canada; Knight Leads Product Line
Jul 25 2016 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing four new executive & professional lines products for financial institutions and named Andrew Knight as national director of Financial...
Marsh Names South as President, US & Canada Unit; APAC, Middle East Realigned
Jul 25 2016 // Marsh announced that it has appointed Martin South as president, U.S. and Canada division, effective Sept. 1, 2016. South will report to John Doyle, president of Marsh, and will be based in Marsh’s New York office....
Pen Canada Launches E-Traded D&O Platform in Response to Broker Demand
Jul 22 2016 // Pen Underwriting Canada has launched a purpose-built, e-trading platform for directors and officers insurance, in response to broker demand for a quick-quote, competitive D&O solution. The platform is simple,...
June Storms in Canada Cost Insurers More Than C$34 Million
Jul 20 2016 // The storms that hit Saskatchewan, Manitoba and Ontario in Canada on June 24 and 25 caused more than C$34 million ($25.9 million) in insured damage, according to estimates from Catastrophe Indices and Quantification Inc....
Mid-Market Firms Fall Short on Natural Catastrophe Risk Management: Assurex Global
Jul 18 2016 // Middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing but some fall short when managing these risks effectively, according to a new survey of senior executives at...
Storms & Earthquakes Drive Up Insured Losses in 1H 2016: Munich Re
Jul 13 2016 // Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a loss review issued by...
Alberta Wildfires to Cost Insurers About $2.8B, in Canada’s Costliest Disaster
Jul 8 2016 // The wildfires that tore across the oil-producing region of Canada this year will cost insurers about C$3.58 billion ($2.8 billion) in claims, the most costly insured natural disaster in the country’s history, an...
Energi of Canada Offers P/C Energy Programs in West & Atlantic Canada
Jun 22 2016 // Energi of Canada has launched property & casualty programs for energy business in parts of Western and Atlantic Canada. The new energy programs provide risk management solutions and insurance offerings for energy...
Canada Health Startup Uses App to Connect Employees with Services
Jun 14 2016 // League Inc., a Canadian health-insurance startup, is raising $25 million in a funding round backed by Omers Ventures, Royal Bank of Canada and Manulife Financial Corp. Toronto-based League lets employees find and pay for...
Chubb Offers Cyber Bullying Cover for Canadian Homeowner Clients
Jun 7 2016 // Chubb has added cyber bullying coverage to its Canadian Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with a cyber bullying incident. Chubb’s cyber...
Canadian Grain Bin Maker Sued by North Dakota Insurance Company
Jun 2 2016 // A North Dakota-based insurance company is accusing a major farm equipment manufacturer from Canada of making defective grain bins. Farmers Union Mutual Insurance Co. of Jamestown is suing Winnipeg-based Westeel in federal...
Disaster Recovery Firm Interstate Restoration Acquires Canada’s FirstOnSite
Jun 2 2016 // Interstate Restoration LLC, the Ft. Worth, Tex.-based disaster recovery company, has completed the acquisition of FirstOnSite Restoration G.P. Inc. in Canada. As Canada’s largest independent disaster restoration...
Canada ‘Needs to Do More’ to Mitigate Climate Disasters Such as Wildfires, Flood
Jun 1 2016 // The Canadian government needs to do more to mitigate climate disasters such as floods and wildfires, a top green watchdog said on Tuesday as the Alberta town of Fort McMurray struggled to recover from a huge...
XL Catlin Adds Rectification Expense Coverage to Contractors’ Policies
May 27 2016 // XL Catlin’s Environmental insurance business has added new protection to its Contractor’s Professional and Pollution Legal Liability insurance to help contractors and environmental consultant clients absorb the...
AIG to Offer Crowdfunding Investor Protection in UK and Canada
May 25 2016 // American International Group Inc. has launched a new product for the global crowdfunding investment industry. This new insurance product was developed specifically to protect investors on equity crowdfunding platforms...
Canada’s Oil Sands Facilities Prepare to Restart as Wildfires Begin to Slow
May 25 2016 // All of the Canadian oil-sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the inferno. Alberta lifted mandatory evacuation...
Climate Change Will Raise the Cost of Canada’s Natural Disasters: Insurers
May 19 2016 // Canada will have to set aside more money to deal with natural disasters like wildfires, storms and floods as climate change starts to bite, the head of the country’s property insurance industry group said on...
Economical to Buy Largest Canada Pet Insurer, Western Financial Insurance Co.
May 18 2016 // Economical Mutual Insurance Co., the Waterloo, Ontario-based property and casualty insurance company, announced plans to acquire Desjardins Group’s pet insurance business, Western Financial Insurance Co. (WFIC) and...
