Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Swiss Re Corporate Solutions to Open New Canada Branch as Part of N. America Restructuring
Feb 24 2022 // Swiss Re Corporate Solutions announced it has filed an application with regulators to establish a new Canadian branch of North American Specialty Insurance Co. (NAS) and transfer operations to that branch, including new...
People Moves: Insurtech BOXX Canada Hires Beazley’s Baker as President; Williams Takes Role of M.D., Hiscox Guernsey; AXA XL Names Wells U/W, Marine – UK & Lloyd’s
Feb 22 2022 // This edition of International People Moves details appointments at insurtech BOXX Insurance, Hiscox and AXA XL. A summary of these new hires follows here. Cyber Insurtech BOXX Canada Hires Beazley’s Baker as...
Canada’s Crackdown on Trucker-Protest Funding May Be Challenge for Insurers, Banks
Feb 18 2022 // Canada roped in banks to help cut funding to protesters against COVID-19 mandates this week, but the requested speed and broad scope of the measures leaves financial institutions to their own devices in enforcing most of...
Canadian Pension Fund CDPQ to Buy Stake in Cyber-Security Firm ESentire: Sources
Feb 17 2022 // ESentire Inc., a cyber-security company backed by private equity firm Warburg Pincus, has struck a deal to sell a stake to two investment firms at a $1.2 billion valuation, according to people familiar with the...
People Moves: Fairfax Financial Promotes Clarke to President; AXA XL Names Lee as Head of Claims, Canada; Zurich’s Price Joins SiriusPoint as Head of Travel A&H
Feb 14 2022 // This edition of International People Moves details appointments at Fairfax Financial Holdings, AXA XL and SiriusPoint Ltd. A summary of these new hires follows here. Fairfax Financial Holdings Promotes Clarke to...
People Moves: Catalina Appoints ERS’ Parker as CEO; WTW Hires Aon’s Grimwade for D&F Team; BMS Names Former Aon Exec Matheson as Canada Chairman
Feb 3 2022 // This edition of International People Moves details appointments at legacy acquisition specialist Catalina Holdings (Bermuda), Willis Towers Watson (WTW) and BMS Canada. A summary of these new hires follows here. Legacy...
In 2021, Risk Managers Median Salary Hit $135K in U.S.; $120K in Canada
Jan 25 2022 // Risk professionals at all levels in the United States experienced an average 14.4% base salary increase in 2021 compared to 2019, while Canadian practitioners experienced an average 18.8% increase in the same period,...
Russian-Backed Actors Targeting Canada’s Infrastructure, Intelligence Agency Warns
Jan 21 2022 // Network operators of critical Canadian infrastructure should boost their defenses against Russian state-sponsored threats, Canada’s signals intelligence agency said on Thursday. The warning from the Communications...
Shortage of ESG Experts Could Have Negative Effect on Canada Financial Services Firms
Jan 19 2022 // Canada’s financial sector is facing a talent shortage in sustainable finance as demand for people who can evaluate ESG-related risks and opportunities far exceeds the supply, according to a new study. Environmental,...
Canada’s Insured Catastrophe Losses Exceed C$2 Billion in 2021: CatIQ
Jan 14 2022 // Canada’s total insured catastrophe losses were C$2.04 billion (US$1.63 billion) to date, landing the year in the top five loss years for the country, according to Catastrophe Indices and Quantification Inc....
People Moves: SiriusPoint Promotes Chester for U.S./Canada Reinsurance; Banyan Risk Names Ascot’s Horrobin as Co-Founder, Co-CEO; SCOR Reinforces Sustainability Teams
Jan 10 2022 // This edition of International People Moves details appointments at re/insurer SiriusPoint, specialty MGA Banyan Risk and reinsurer SCOR. A summary of these new hires follows here. SiriusPoint Ltd., the Bermuda-based global...
Canada’s Insurers and Banks Rethink Return-to-Office Plans Amid Omicron Concerns
Jan 7 2022 // Canada’s top health official Theresa Tam has warned that COVID-19 cases in the country could jump in coming days, due to community spread of the Omicron variant. Concerns over the highly transmissible variant have...
People Moves: WTW Hires Magilton to Lead Canada Risk & Broking, Powney to Head Surety for Europe/UK; Hiscox Re & ILS Names MS Amlin’s Wilken as CUO
Jan 6 2022 // This edition of International People Moves details appointments at Willis Towers Watson and Hiscox. A summary of these new hires follows here. WTW Hires Canada Risk & Broking Leader, Europe/UK Practice Leader for...
Canada’s Western Financial Group Buys Ontario Insurance Brokerage Wiesner Insurance
Jan 5 2022 // Canadian insurance broker Western Financial Group has acquired Wiesner Insurance Inc., a high-end full-service insurance brokerage located in southern Ontario. Originally founded in 1991 by Jason Wiesner, Wiesner Insurance...
People Moves: Chubb Promotes 2 Senior Leaders in Canada
Dec 30 2021 // Chubb has appointed Paul Johnstone, Chubb Canada’s current executive vice president, Personal Risk Services, to the role of Chubb Canada chief operating officer, reporting to John J. Alfieri, president, Chubb...
SiriusPoint Invests in Canadian Digital Life Insurer PolicyMe
Dec 29 2021 // SiriusPoint Ltd., the Bermuda-based global specialty insurer and reinsurer, has announced a strategic investment in PolicyMe Corp., a digital life insurance provider specializing in Canadian individual term life...
Specialist D&O MGA Banyan Risk Expands Into Canadian Market
Dec 22 2021 // Banyan Risk Ltd., the managing general agent (MGA) that launched in Bermuda this year, is expanding its operations into Canada. Banyan, which underwrites directors and officers (D&O) insurance risk solutions in complex...
AM Best Upgrades Ratings of Canada’s Co-operators General and Sovereign General
Dec 17 2021 // Ratings agency AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of...
Canada’s Desjardins Group Reaches Settlement Over Massive Data Breach in 2019
Dec 17 2021 // Canada’s Desjardins Group said on Thursday it had reached a settlement with plaintiffs in a lawsuit tied to a massive data breach in 2019, which impacted the personal information of more than 4 million of the...
Canada’s StoneRidge Insurance Brokers Acquires John Stark & Co.
Dec 14 2021 // SIB Corp., operating as StoneRidge Insurance Brokers (SIB), the Canadian provider of insurance and consulting services, has acquired John Stark & Co. (Stark), to expand its personal, commercial and life insurance...
