Best Read Canada Headlines
Headlines from our Canada Topic Page with the most time spent reading.
#1 Canada’s Intact Financial Kicks Off Sale of RSA’s Personal Insurance Business
Sep 19 2023 // Intact Financial Corp. has kicked off the sale of its personal insurance subsidiary in the UK, which could be valued at around £500 million ($620 million), people with knowledge of the matter said. The Canadian insurer is...
#2 Canada’s Record Wildfire Season Set to Worsen as Heat Builds
Jul 7 2023 // Canada is bracing for higher-than-normal wildfire activity to continue into August, as soaring temperatures and drought turn much of the country’s vast forests into kindling. The Canada fire season, which normally...
#3 Firefighters Curb Blazes Threatening 2 Canada Cities With More Hot Weather Expected
Aug 21 2023 // Firefighters kept wildfires at bay near the capital of Canada`s Northwest Territories as well as a threatened city in British Columbia, though no one claimed victory as forecasters warned that drier and windier weather was...
#4 Brink’s Sues Air Canada After $17 Million Heist of Gold and Cash
Oct 12 2023 // An unsolved $17 million heist of Swiss gold and cash near Canada’s busiest airport has led Brink’s Co. to sue Air Canada for allegedly letting a thief slip away with the loot. Miami-based Brink’s accused...
#5 Fires From 2023, Smoldering Under Snow, Reveal Canada’s Dangerous New Reality
Mar 27 2024 // As skiers glide down the slopes of British Columbia’s Whistler Mountain and ice fishers drop their lines into frozen lakes in Alberta, dozens of the fires whose smoke darkened North America’s skies last year...
#6 Canada’s Wildfires Burn Record 25 Million Acres With No End in Sight
Jul 17 2023 // Canadian wildfires have scorched more than 10 million hectares (25 million acres) this summer, an area about the size of Iceland, with no end to the burning expected anytime soon. About 900 active fires were reported as of...
#7 People Moves: Swiss Re Taps AGCS’s Shahkarami as Head P&C Solutions; BMS Re Hires 3 for Fac Team; QBE Canada Hires Liberty Mutual’s Mason as U/W Mgr, Property
Jul 7 2023 // This edition of International People Moves details appointments at Swiss Re, BMS Re, and QBE Canada. A summary of these new hires follows here. Swiss Re Taps AGCS’s Shahkarami as Head P&C Solutions Swiss Re has...
#8 People Moves: Marsh Names Kowell Marine, Cargo and Logistics Practice Leader, US and Canada; WTW Appoints Messinger Lead of FI&PS
Nov 13 2023 // Marsh, a business of Marsh McLennan, headquartered in New York, N.Y., named Janice Kowell marine, cargo and logistics practice leader, U.S. and Canada. Kowell will remain based in Portland, Ore. Kowell succeeds Michael...
#9 Muddy Waters Shorts Canada Insurer Fairfax Financial, Alleging Asset Value Manipulation
Feb 8 2024 // Short seller Muddy Waters has placed bets against the shares of Canadian insurer Fairfax Financial alleging manipulation in its asset values. Shares of the property and casualty insurer sank 12% on Thursday, and set for...
#10 ‘Zombie Fires’ Smoldering Near Oil and Gas Wells Threaten Canada’s Drillers
Apr 16 2024 // Leftover blazes from last year’s record wildfire season in Canada are threatening to knock out almost 3% of the country’s natural gas production. A total of 50 so-called zombie fires still smoldering beneath...
#11 Oil-Sands Capital of Canada Now Grappling With Second Wildfire
May 16 2024 // The unofficial capital of Canada’s oil-sands industry is now facing a second wildfire that’s north of the city and closer to major energy operations. The new blaze near Fort McMurray, Alberta, is about 3...
#12 People Moves: Marsh Promotes Pellegrini to US, Canada Specialty Lead; CRC Group Announces Executive Leadership Appointments
Oct 6 2023 // Pellegrini Appointed Marsh Specialty Leader for US and Canada Broker Marsh said it promoted Michael Pellegrini to head of Marsh Specialty in the US and Canada. Effective immediately, Pellegrini will oversee Marsh’s...
#13 Remote Work, Aging Tech Targeted by Canada Cybersecurity Plan
May 24 2024 // Canada released its first-ever cybersecurity strategy for federal government departments and agencies on Wednesday, with the aim of addressing challenges posed by remote work, cloud computing, aging infrastructure and...
#14 Promotions, Raises Await Workers Who Come Back to the Office: Canadian CEOs
Oct 12 2023 // Top executives at Canadian companies are growing less optimistic that they’ll be able to coax their employees back into the office — so most plan to reward those who show up in person, according to a survey by...
#15 Marsh: Cyber Extortion Reached Record High in US and Canada in 2023
Jun 14 2024 // Multiple companies in the U.S. and Canada experienced a record number of cyber extortion events in 2023 and unprecedented demands, a new report from Marsh shows. The report, Ransomware: A persistent challenge in cyber...
#16 Axis Insurance acquires Magnes Group, expanding its Canadian presence.
May 22 2024 // May 22, 2024 — Axis Insurance Managers Inc. (“Axis Insurance”) announced today that it has acquired The Magnes Group Inc. (“Magnes”). Axis Insurance made its initial investment in Magnes in...
#17 Canadian Insurer Fairfax Denies Allegations of Asset Value Manipulation
Feb 13 2024 // Fairfax Financial on Monday denied allegations by Muddy Waters Research that the Canadian insurer was manipulating asset values, saying the short-seller’s report was “false and misleading.” The detailed...
#18 Aviva to Acquire Canadian Vehicle Replacement MGA Optiom for Circa £100m
Nov 27 2023 // Aviva plc announced the acquisition of Optiom O2 Holdings Inc. from Novacap and other minority shareholders for a consideration of approximately £100 million (US$126 million). Calgary, Canada-based Optiom, which operates...
#19 Canadian Broker Axis Insurance Gets Investment From PE Firm, Lee Equity Partners
Jun 11 2024 // Axis Insurance Managers Inc., the Vancouver-based independent specialty insurance brokerage, announced it has received a significant growth investment from Lee Equity Partners LLC, a middle market private equity firm that...
#20 Canada’s Desjardins Completes Purchase of Insurance Company of Prince Edward Island
Jun 3 2024 // Desjardins Group and The Insurance Company of Prince Edward Island (ICPEI) have confirmed that the transaction announced in March 2024 has closed. Financial details of the deal were not disclosed. With this acquisition,...
