Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Marsh Names Rouse to Lead U.S. Property; Sartain to Lead FINPRO
Sep 5 2019 // insurance broker Marsh announced senior leadership appointments within its Property and Financial and Professional Liability (FINPRO) Practices. Michael Rouse has assumed leadership of Marsh’s U.S. Property Practice....
Canada Insurer The Co-operators Acquires Quebec Broker, Cadieux Beausejour Dupras
Aug 30 2019 // Canadian insurer The Co-operators has purchased the Saint Jérôme, Quebec-headquartered broker, Cadieux Beausejour Dupras Inc. Financial details of the deal were not disclosed. The brokerage’s portfolio includes...
Canada Broker Westland Insurance Buys First West Insurance Services
Aug 26 2019 // Canadian broker Westland Insurance Group Ltd. announced the acquisition of First West Insurance Services, a subsidiary of First West Credit Union, effective Sept. 30, 2019. Financial details of the transaction were not...
AXA XL Adds Zurich’s Arezes as Senior Underwriter for Large Property in Canada
Aug 16 2019 // AXA XL has added Jennifer Arezes to its property insurance team in Canada. Arezes is based in Toronto and will work alongside Ian Rutherford, head of Property, Canada and Urs Uhlmann, CEO and country manager AXA XL, Canada...
Genworth to Sell Stake in Canada Mortgage Unit to Push China Deal
Aug 13 2019 // Genworth Financial Inc. agreed to sell its Canadian unit to Brookfield Business Partners LP for C$2.4 billion ($1.8 billion) as it works to win regulatory approval for its acquisition by China Oceanwide Holdings Group...
Canada’s Desjardins Reports Costs of $53M Related to Data Breach
Aug 13 2019 // Canadian lender Desjardins Group said on Monday it spent C$70 million ($53 million) in the second quarter related to a data privacy breach earlier this year that exposed personal information of 2.9 million members. The...
Insurers Pressured to Drop Coverage of Canada’s Oil Sands Pipeline
Aug 8 2019 // A coalition of 32 environmental and indigenous groups on Thursday urged insurers to stop underwriting the Trans Mountain pipeline to pressure Canada to cancel its plan to expand the project, which carries crude from...
Capital One Reports Data Breach of 100 Million Accounts; Suspect Arrested
Jul 29 2019 // Capital One Financial Corp. said on Monday personal information including names, addresses, phone numbers and credit scores of about 100 million individuals in the United States and 6 million people in Canada were obtained...
Canadian Firm Sues Oklahoma Marijuana Dispensary for Copyright Infringement
Jul 26 2019 // A Canadian children’s entertainment company is suing an Oklahoma medical cannabis dispensary chain accusing it of copyright infringement. The Tulsa World reports that Nelvana Enterprises Inc.’s suit filed in...
Canada’s Navacord Joins Brokerslink Global Network
Jul 24 2019 // Navacord, the Ontario-based commercial broker, has joined global broking business Brokerslink as the network’s latest affiliate in the North American region. Navacord, which trades under 15 different broker partner...
Insurance Agency Mergers Hit Near-Record in First Half 2019
Jul 24 2019 // There were 328 announced U.S. and Canadian insurance agency mergers and acquisitions during the first half of 2019, the second-highest six-month total, trailing only the first half of 2017 when 333 transactions were...
New York-Based Broker NFP Buys Toronto’s McLean Hallmark Insurance Group
Jul 12 2019 // New York City-based insurance broker and consultant NFP announced it has acquired Canadian broker McLean Hallmark Insurance Group Ltd. Financial details of the transaction, which closed on July 2, were not disclosed. Based...
Official: Derailed Train Car at Canada/Michigan Border Leaked Sulfuric Acid
Jul 1 2019 // About 13,700 gallons of sulfuric acid has spilled from one of about 40 freight train cars that derailed in an international tunnel connecting Michigan and Canada. Canadian National Railway spokesman Jonathan Abecassis says...
Canada’s Desjardins Blames Employee for Leak of Personal Details of 2.9M Customers
Jun 21 2019 // Desjardins Group, the largest financial co-operative in North America, said an “ill-intentioned” employee illegally exposed the personal information of some 2.9 million credit union members in one of...
PERILS Buys Canada’s Catastrophe Loss & Exposure Analysis Firm CatIQ
Jun 18 2019 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has acquired Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ). Financial details of the deal were...
AGCS Appoints Kadow as Global Head of Marine; Fadden Named Global Head of Aviation
Jun 14 2019 // Allianz Global Corporate & Specialty SE (AGCS) is rearranging roles in the management team of its Specialty business segment. Effective July 1, 2019, Ulrich Kadow will be appointed as AGCS global head of Marine....
Canada Expands Credit Insurance for Canola Exporters as China Dispute Continues
Jun 14 2019 // Ottawa increased the insurance coverage available for canola exporters, a government corporation said on Thursday, as it seeks to reduce trade risks amid a dispute with China. China halted purchases of Canadian canola in...
Hub International Acquires Canada Retirement Consulting Firm Porchlight Financial
Jun 12 2019 // Insurance broker Hub International Ltd. announced it has acquired Porchlight Financial, based in Vancouver, British Columbia. Terms of the transaction were not disclosed. Porchlight Financial is a full-service group...
Aging Oil Pipelines Operated by Canada’s Enbridge Raise Fears over Great Lakes Spills
Jun 10 2019 // Fears about oil spills into the Great Lakes from two aging U.S. pipelines have flared, raising doubts about their future and creating fresh headaches for operator Enbridge Inc and the Canadian energy sector. Canada has...
Storah to Succeed Holmes as CEO of Aviva Canada
Jun 10 2019 // Aviva Canada announced the appointment of Jason Storah as chief executive officer, succeeding Colm Holmes who moves into the role of CEO of General Insurance in London. Storah has more than 15 years of experience with...
