Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada
Sep 20 2021 // Foxquilt, a Toronto-based insurtech, announced it has raised an $8 million financing round led by Luge Capital with participation from AmTrust Financial, Extreme Venture Partners and Side Door Ventures. The new capital...
Canada Permits TC Energy to Keep Insurers Secret From Pipeline Activists
Sep 15 2021 // TC Energy Corp. is the latest Canadian pipeline company allowed to keep its insurers confidential as activist groups push firms to drop business with the fossil fuels industry. The Canada Energy Regulator ruled that the...
Uber Proposes Gig Industry Benefits Model in Canada
Aug 31 2021 // Uber Technologies Inc. on Monday proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers in Canada under which all gig industry players would share data on workers’ hours and...
More Canadian Businesses to Introduce Vaccine Mandates for Employees: Minister
Aug 26 2021 // More Canadian businesses will introduce COVID-19 vaccine mandates for their employees to safely return to the office amidst a growing fourth wave, the minister in charge of procuring inoculations said in an...
Canada’s Ruling Party Plans Tax Hike for Big Insurers, Banks to Fund COVID Recovery
Aug 26 2021 // OTTAWA – Canada’s ruling Liberal Party said on Wednesday that if re-elected it would raise corporate taxes on the most profitable banks and insurers to help pay for the cost of the COVID-19 recovery. The Liberals...
Hub International Agrees to Buy Aviva Canada Unit, National Home Warranty Group
Aug 24 2021 // Hub International Ltd., the Chicago-based insurance broker, announced that it has signed a purchase agreement to acquire the assets of National Home Warranty Group Inc., a wholly owned subsidiary of Aviva Canada Inc. Terms...
Canada’s Five Biggest Banks to Require Their Employees to Be Fully Vaccinated
Aug 23 2021 // TORONTO – Canada’s five biggest banks are mandating that employees working from their offices must be fully vaccinated against COVID-19 this fall, taking a firmer stance than some of their U.S. counterparts and...
Willis Towers Watson Promotes Mead to Canadian Property/Casualty Broking Leader
Aug 20 2021 // Insurance broker Willis Towers Watson announced that Kate Mead is the new head of its Canadian property/casualty broking team. Previously Willis Towers Watson’s practice leader for the Midwest, Northeast U.S. &...
People Moves: Carpenter Names Willis Re’s Harden President of APAC; HUB Appoints Stait to Lead Canada Cannabis Specialty; Riega Is Fidelis’ Head of Sustainability
Aug 16 2021 // This edition of International People Moves details appointments at Guy Carpenter, HUB International and Fidelis Insurance. A summary of these new hires follows here. Guy Carpenter Names Willis Re’s Harden as...
Insurance Becomes Top Operating Cost Concern for Small Canadian Firms: Survey
Aug 11 2021 // Insurance has become the top operating cost concern for small businesses in Canada with seven in ten reporting that their premiums have gone up since the beginning of the year, according to the Canadian Federation of...
Targets of Canada’s New Sanctions on Belarus Include Insurance
Aug 9 2021 // Canada, acting with the United States and Britain, imposed new sanctions on Belarus on Monday to protest against what it called gross violations of human rights under President Alexander Lukashenko. Foreign Minister Marc...
McLarens Acquires Canadian Loss Adjusting Firm MGB Claims Consultants
Aug 4 2021 // McLarens, the Atlanta-based independent insurance services provider, announced the acquisition of MGB Claims Consultants Inc., a complex commercial claims adjusting firm in Canada. Financial terms of the transaction were...
NFP in Canada and Aviation Broker Piiq Risk Form Exclusive Partnership
Jul 28 2021 // NFP, a New York-based insurance broker and consultant, announced the formation of an exclusive strategic partnership in Canada with aviation re/insurance broker Piiq Risk Partners. The NFP Complex Risk Solutions Group will...
Chubb Canada Launches Hub for General Aviation and Non-Major Aerospace Insurance
Jul 23 2021 // Chubb announced that it has set up an aviation hub in Canada to develop further its domestic general aviation and non-major aerospace business. The Canadian Aviation hub is part of a new regional focus for the aviation...
Coalition Enters Canadian Excess Cyber Insurance Market
Jul 15 2021 // Coalition, the San Francisco-based cyber insurance and security company, announced it will enter the excess cyber insurance market in Canada to help protect businesses with enhanced coverage. With the coverage, Coalition...
Canadian Municipalities Face Surging Liability Insurance Costs
Jul 13 2021 // TORONTO – Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for...
Canada Orders Rail Transport Restrictions in Areas with High Wildfire Risk
Jul 12 2021 // OTTAWA – Canada on Sunday ordered rail transport restrictions for areas where there is a high wildfire risk after a blaze wiped out the town of Lytton, British Columbia, and killed two people earlier this month. The...
Europe, U.S. and Canada Slammed by Record Weather Catastrophes in June: Aon
Jul 12 2021 // June 2021 left Europe with its costliest severe storm period on record. Meanwhile, over in the U.S. in Canada, record-setting heatwaves caused significant damage, according to Aon’s latest natural catastrophe...
People Moves: Carpenter Hires AXA XL’s Gressier; Aon’s Bisset to Lockton Re’s Global Retro Unit; BHSI Canada Promotes Knight
Jun 15 2021 // This wrap-up of international People Moves details recent appointments at reinsurance brokers Guy Carpenter & Co. and Lockton Re and insurer Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires...
Argo Group to Stop Insuring Canada’s Trans Mountain Pipeline, Joining Other Carriers
Jun 7 2021 // Lloyd’s insurer Argo Group has decided to stop insuring Canada’s Trans Mountain tar sands pipeline when its current insurance policy expires on Aug. 31, 2021, following similar moves by other companies such as...
