Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Canada Eyes Regulation of Crypto-Trading Platforms Amid Ongoing Quadriga Scandal
Mar 15 2019 // Canada is moving to overhaul its securities regulations to cover crypto trading platforms such as Quadriga Fintech Solutions Corp., a digital exchange that lost access to C$260 million ($195 million) of investor assets...
Insurers Remain Cautious About Marijuana Insurance Market
Mar 14 2019 // The marijuana industry is an opportunity for insurers as more states have legalized the drug. But there are still risks in play that could limit wider carrier participation, A.M. Best said in a new report. One of the key...
Satellites Found 1st Concrete Evidence of Link Between Boeing 737 MAX Crashes
Mar 14 2019 // The first concrete evidence of a possible link between two deadly Boeing 737 MAX crashes came from space. A new satellite network capable of tracking planes in high fidelity across the globe captured the flight path of the...
Update: Groundings of Boeing 737 MAX 8 Cascade Globally
Mar 13 2019 // Aviation regulators around the globe are grounding Boeing‘s 737 MAX aircraft following Sunday’s deadly plane crash in Ethiopia. Regulators in the United States, where Boeing is based, remained an...
Zurich Canada Names Steiner from RSA as Head of Property
Mar 12 2019 // Yvonne Steiner has been named head of Property for Zurich Canada. Steiner will be a member of the Zurich Canada executive team and will report to Zurich Canada CEO Saad Mered. Her first day at Zurich will be April...
H.W. Kaufman, Burns & Wilcox Canada Buy TRU Transportation Risk Underwriters
Mar 8 2019 // H.W. Kaufman Group and Burns & Wilcox Canada announced they have acquired Toronto-based TRU Transportation Risk Underwriters Ltd. (TRU), a Canadian managing general agent (MGA) with expertise in providing risk...
Alliant Subsidiary, Tribal First, Acquires Canada’s AFN Insurance Brokers
Mar 8 2019 // Tribal First, a division of Alliant Underwriting Solutions, has acquired Ottawa, Canada-based AFN Insurance Brokerage. Financial details of the transaction were not disclosed. The acquisition pairs AFN Insurance Brokerage,...
Travelers Canada Expands Suite of Services Offered to Specialty Insurance Customers
Mar 6 2019 // Travelers Canada, the Canadian arm of The Travelers Cos. Inc., is offering a new suite of services for specialty insurance customers that come packaged with their insurance policy. Human resources, legal and emotional...
Trump Administration Allows Lawsuits Against Some Businesses in Cuba
Mar 5 2019 // The Trump administration said on Monday it would allow lawsuits by U.S. citizens against dozens of Cuban companies and other entities on Washington’s blacklist but will maintain, for now, a ban against suing foreign...
UK’s Aviva Names Company Veteran, Tulloch, as CEO – After 5-Month Search
Mar 5 2019 // After a five-month search for a new chief executive officer, UK’s Aviva plc has promoted a company veteran, Maurice Tulloch, to the position, effective immediately. Tulloch joined Aviva in 1992 and was most recently...
U.S. Working with Mexico, Canada to Block African Swine Fever
Feb 22 2019 // The United States, Canada and Mexico are coordinating efforts to prevent the arrival of a highly contagious swine disease that has swept through China’s hog herd and parts of Europe, U.S. Agriculture Secretary Sonny...
Hub International Acquires Assets of Toronto-Based Firstbrook Pointon Benefits
Feb 15 2019 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Firstbrook Pointon Benefits Inc. Terms of the transaction were not disclosed. Based in Toronto, Ontario in Canada,...
Quadriga’s Frozen Cryptocurrencies Highlight Canada’s Regulatory Vacuum
Feb 11 2019 // Canada’s biggest securities regulator said on Friday that it was looking into Quadriga CX, as concerns grow that a regulatory gap leaves investors in the digital platform unprotected against potential losses. The...
Zurich Canada Names Sommer as Head of Operations
Feb 1 2019 // Mathias Sommer has been named head of Operations for Zurich Canada. Sommer had been leading the Operations team as vice president of Operations for Commercial Insurance Canada since September 2017. He will remain based in...
Private Equity Again Drove Agency M&As in U.S., Canada in 2018: OPTIS
Jan 29 2019 // Mergers and acquisitions of insurance agents and brokers last year broke several records in 2018, with private equity/hybrid buyers accounting for 68 percent of the total. According to consultants at OPTIS Partners’...
People
Jan 21 2019 // John Doyle, president and CEO of global insurance broker Marsh, announced the appointments of key leaders for regional, specialty and placement teams worldwide that will be effective upon closing of the acquisition by...
Severe Weather in Canada Cost Insurers C$1.9 Billion in 2018: IBC
Jan 17 2019 // Insured damage from severe weather events across Canada reached C$1.9 billion (US$1.4 billion) in 2018, according to the Insurance Bureau of Canada (IBC), quoting statistics from Catastrophe Indices and Quantification...
Hub Continues Canadian Employee Benefits Expansion with Purchase of TRG
Jan 9 2019 // Hub International Ltd., the Chicago-based insurance broker, announced that it has acquired the assets of TRG Group Benefits and Pensions Inc. (TRG) in Canada. Terms of the transaction were not disclosed. The acquisition...
Arthur J. Gallagher & Co. Acquires Canadian Broker Jones Brown
Jan 8 2019 // Arthur J. Gallagher & Co. announced the acquisition of Canadian insurance broker Jones Brown Inc. and its subsidiaries. Terms of the transaction were not disclosed. Founded in 1997 and headquartered in Toronto, Jones...
The Co-Operators Offers Storm Surge Cover for Homeowners Across Canada
Jan 7 2019 // Montreal-based Co-operators is offering storm surge insurance for homeowners in Quebec and Manitoba, which completes the company’s product rollout to Canadian homeowners from coast to coast. Co-operators described...
