Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Canada’s Natural Gas Firm Tenaska Buys Back Interests from AIG
Dec 3 2008 // American International Group, Inc. (AIG) and Tenaska, Inc. (Tenaska) today reported that Tenaska will repurchase the interest in Tenaska Marketing Ventures, Tenaska Gas Storage and Tenaska Marketing Canada (collectively...
Fairfax to Buy Rest of Northbridge for $550 Million
Dec 2 2008 // Fairfax Financial Holdings said Monday it plans to spend C$686 million (US$550 million) to buy the remaining shares of Canadian property and casualty insurer Northbridge Financial that it does not already own. Fairfax,...
Vermont Readies New Driver’s Licenses to Ease Border Crossing to Canada
Nov 26 2008 // Vermont is getting ready to issue its first enhanced driver’s licenses, which will allow holders to cross the United States-Canada border without a passport or other supporting documents. State Motor Vehicle...
Kerr Named Arch Canada CEO
Nov 17 2008 // Arch Capital Group announced that Gordon (Gord) Kerr has accepted the position of CEO and Chief Agent of Arch Insurance Group’s Canadian insurance operations. Arch Insurance Group is a division of Arch Capital Group....
ING Canada CEO Eyes Acquisitions
Nov 13 2008 // ING Canada is in a good position to make an acquisition and has the financial muscle to acquire pretty well any property and casualty insurer in Canada, the chief executive of the home and auto insurer said...
Ratings Recap: Northbridge, Credit & General, Transportation, Tenet
Nov 6 2008 // Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on Northbridge Financial Corp.’s operating companies–Commonwealth Insurance Co., Markel Insurance...
Canada Insurance Regulator Eases Capital Guidelines
Oct 29 2008 // Canada’s insurance regulator on Tuesday eased guidelines on the capital that insurers need to set aside for guaranteed payments on segregated funds, lifting a concern that weighed on their share prices as equities...
Ratings Roundup: CIBC Re, Exporters, Kenya Re, CISL
Oct 23 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Barbados-based CIBC Reinsurance Company Limited (CIBC Re) (Barbados) with stable...
W.R. Berkley Forms New Canadian Underwriting Operation
Oct 16 2008 // W. R. Berkley Corp. announced the formation of Berkley Underwriting Managers Canada, Ltd. The new unit is based in Toronto and will offer a wide range of specialty casualty commercial insurance products, including general...
Lockton Teams up with Canada’s BFL
Oct 7 2008 // BFL Canada and Lockton announced an alliance to serve clients in North America. BFL Canada is the country’s largest independent commercial insurance broker. Lockton is the world’s largest privately held...
Hansen Appointed as New President of Catlin Canada
Sep 16 2008 // The Bermuda-based Catlin Group Limited announced that Michael Hansen has been appointed president of Catlin Canada Inc., based in the Calgary office. Hansen most recently served as vice president and Western regional...
Integro Canada Names Dunn Chairman, Rankin President
Sep 4 2008 // The New York-based broker Integro has announced the promotion of two key executives in its Canadian division. Robert Dunn, Managing Principal and office leader for the Montreal office, becomes Chairman of Integro (Canada)...
Maple Leaf Takes Blame for Food Poisoning Outbreak
Aug 28 2008 // Maple Leaf Foods Inc’s chief executive said Wednesday his company was fully accountable for an outbreak of listeriosis food poisoning, which has been linked to the deaths of 15 people in Canada. Michael McCain said...
Maple Leaf Foods Confirmed as Source of Deadly Canada Meat
Aug 25 2008 // A food poisoning outbreak that has killed four Canadians and sickened at least 21 others has been genetically linked to meat produced at a plant owned by Maple Leaf Foods Inc authorities said Saturday. The company, one of...
As Sewers Age, Canada’s Insurers See Mess of Claims
Aug 18 2008 // The Canadian insurance industry is seeking ways to stem a rising tide of claims for water damage to homes that it says results partly from aging sewer systems that badly need replacement. Some of its response involves...
‘Dramatic’ WTO Farm Deal Close If Talks ‘Can Be Revived’
Aug 14 2008 // A world trade deal that dramatically opens livestock markets in the European Union, Canada and Japan is within grasp, if talks that collapsed last month in Geneva can be revived. U.S. Trade Representative Susan Schwab...
RMS Launches Winter, Convective Storm Models for U.S., Canada
Aug 14 2008 // Newark, Calif.-based Risk Management Solutions (RMS) launched new Winterstorm and Severe Convective Storm Models to enhance its suite of catastrophe risk models for the U.S. and Canada. Built to satisfy the needs of both...
XL Expands Canada Aviation Team
Aug 13 2008 // XL Insurance, XL Capital’s global insurance operations, has expanded its specialty insurance product offerings in Canada with the appointment of a new aviation insurance team lead by Tony Trost. He joins XL...
Kingsway’s Q2 Net Income Rebounds from Q1 Loss to $6.3 Million
Aug 11 2008 // Kingsway Financial Services Inc. announced financial results (in U.S. dollars) for the second quarter ended June 30, 2008 that rebounded from a first quarter loss. The Company reported net income of $6.3 million or $0.11...
Exporting Exposures
Jul 7 2008 // As an important link in the global supply chain, exporters face many exposures Small and midsize U.S. companies are sharply increasing their exports, encouraged by falling trade barriers, a weakening dollar that makes...
