Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Best Affirms Aegon’s U.S. and Canadian Subs Ratings; Outlook Stable
Apr 10 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the U.S. life/health subsidiaries of the Netherlands Aegon N.V....
Arkansas Opens Probe into Exxon Oil Spill
Apr 2 2013 // Arkansas on Tuesday launched an investigation into an Exxon Mobil pipeline rupture that spilled thousands of barrels of crude oil into a housing development last week, just as forecast rain was expected to complicate the...
Ironshore Canada Increases Capacity for Specialty Casualty Lines
Mar 20 2013 // Ironshore Canada Ltd., a subsidiary of Ironshore International, has increased capacity to $30 million for its specialty casualty lines for 2013. Ironshore Canada Specialty Casualty division offers coverages to protect a...
RSA Posts $1.047 Billion 2012 Operating Profit; 5% Premium Growth
Feb 20 2013 // The UK’s RSA posted a solid operating profit of £684 million [$1.047 billion], compared to £727 million [$1.113 billion in 2011; while registering a five percent increase in net written premiums to £8.353 billion...
More Survivors Join Suit in Deadly Oregon Bus Crash
Jan 18 2013 // The legal problems are piling up for the Canadian tour company whose bus crashed on an icy highway in Eastern Oregon last month, killing nine passengers and injuring almost 40. An attorney who filed a lawsuit in Tacoma,...
Canadian Private Equity Firm Onex Completes USI Acquisition
Dec 27 2012 // Canadian private equity firm Onex Corp. said today it has completed its previously announced acquisition of USI Insurance Services from Goldman Sachs Group’s GS Capital Partners for approximately $2.3 billion. The...
W. R. Berkley Names Steen President of Berkley Canada
Dec 19 2012 // W. R. Berkley Corporation announced that Andrew Steen has been named president of Berkley Canada, effective January 7, 2013. The bulletin noted that Steen “has more than 20 years of experience in the property...
From Ashes of Penn. Estate Rises a Lawsuit for $20M Insurance Proceeds
Dec 4 2012 // The 53-page document reads more like a screenplay than a lawsuit. If Jerald Batoff’s claim is true, that’s how it may end up. More than seven months after his historic Main Line home, a 24,000-square-foot...
Willis North America to Acquire Canadian Benefits Broker Avalon Actuarial
Nov 30 2012 // Willis North America, a unit of Willis Group Holdings, announced that it has entered into a definitive agreement to acquire the assets of Avalon Actuarial Inc., a Canadian employee benefits brokerage and actuarial...
Onex Corp. of Canada to Acquire USI for $2.3 Billion
Nov 26 2012 // Canadian private equity firm Onex Corp. said today it has agreed to acquire insurance brokerage USI from Goldman Sachs Group’s GS Capital Partners private equity fund in a transaction valued at $2.3 billion. The deal...
Hub International Acquires Canada Broker Huestis Commercial Insurance
Nov 6 2012 // Chicago-based Hub International Limited announced that it has acquired the shares of Huestis Commercial Insurance Ltd. (HCIL), a Saint John, New Brunswick, Canada-based insurance brokerage firm. Terms of the acquisition...
2-Story Waves on Great Lakes Halt Cargo Shipping
Nov 1 2012 // Cargo shipping was at a standstill on Oct. 30 on the Great Lakes as superstorm Sandy churned waves up to two stories high, forcing crews to take refuge in bays and harbors and raising concerns about an economic blow if the...
Canada’s Manulife Says Reinsurace Exposure to Hurricane Sandy ‘Manageable’
Oct 31 2012 // Toronto-based Manulife Financial, one of North America’s largest insurers, said its exposure to Hurricane Sandy was manageable and within its risk tolerance. The company, based in Toronto, is primarily a life...
Hawaii Tsunami Smaller Than Feared; Ports Reopened
Oct 29 2012 // Officials in Hawaii reopened the state’s ports on Sunday and canceled a tsunami advisory as fears receded that there would be damaging waves from a powerful earthquake off the coast of Canada. The Pacific Tsunami...
CNA Canada to Use CargoNet, NER to Combat Cargo Theft
Oct 5 2012 // CNA, a global business insurer, is now using CargoNet and the National Equipment Register (NER) — two national information sharing systems designed to help policyholders combat the growing problems of cargo and heavy...
Finaccord Analyzes Prof. Indemnity Insurance in Australia, Canada, So. Africa
Oct 3 2012 // New research, conducted by market research consultants Finaccord, reveals that “competition among underwriters of professional indemnity insurance in Australia and Canada is at least as strong as in Europe’s...
Verisk Crime Analytics Launches Cargo Theft Prevention Systems in Canada
Sep 13 2012 // Verisk Crime Analytics has launched national information sharing systems designed to help Canadian insurers and their policyholders combat the growing problems of cargo and heavy equipment theft. Verisk Crime Analytics is...
Tropical Storm Leslie Brushes Bermuda, Heads Northeast to Newfoundland
Sep 10 2012 // The core of Tropical Storm Leslie passed 120 miles (200 km) east of Bermuda, bringing sustained winds of 39 mph (and gusts of up to 54 mph) and heavy rains to the island on Sunday, Sept 9. Leslie is currently accelerating...
XL Group Names Fisher to Lead Canadian Reinsurance Operations
Aug 27 2012 // XL Group plc’s reinsurance operations in Bermuda announced the appointment of Tim Fisher as Senior Vice President & Canadian Branch Manager. He reports to Managing Director & Head of Casualty Reinsurance in...
GM Recalls Big Vans To Fix Possible Fuel Leaks
Aug 16 2012 // General Motors is recalling more than 10,000 full-size vans in the U.S. and Canada because the fuel filler pipes can rust, leak and cause fires. The recall from the Detroit, Mich.-based auto maker affects Chevrolet Express...
