Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
US-Reports and Canadian Reports Merger Creates Colorado Risk Solutions Firm
Feb 22 2017 // H.W. Kaufman Financial Group has combined US-Reports and Canadian Reports, rebranding both companies under the name Afirm, which is based in Fort Collins, Colo. The merger will continue their global presence and allow a...
Beazley Buys Canadian Specialty MGA, Creechurch Underwriters
Feb 6 2017 // Beazley is expanding its presence in Canada with the acquisition of the specialist managing general agent, Creechurch Underwriters. The financial terms of the transaction were not disclosed. Since its founding in 1996,...
Chubb Launches Services in Canada for High Net Worth, Family Office Clients
Feb 1 2017 // Chubb Insurance Co. of Canada has launched an array of complimentary services for its high net worth and family office customers. Signature Suite™ is designed to help protect and enhance affluent lifestyles by providing...
PERILS Forms Alliance with CatIQ to Provide Industry Loss Data for Canada
Feb 1 2017 // PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data, has announced that it has entered a strategic alliance with Toronto-based Catastrophe Indices & Quantification Inc....
H.W. Kaufman, Burns & Wilcox Canada Buy XN Canada Private Client Services
Jan 31 2017 // H.W. Kaufman Financial Group and Burns & Wilcox Canada announced they have acquired the high-value homeowner’s insurance practice from Quebec-based XN Financial Services Inc. (XN). A managing general agent and...
Canada Pension Fund OMERS to Invest $1B in Fairfax’s Allied World Purchase
Jan 27 2017 // Ontario Municipal Employees Retirement System agreed to invest $1 billion to back the $4.8 billion acquisition by Prem Watsa’s Fairfax Financial Holdings Ltd. of insurer Allied World Assurance Co. The investment will...
Zurich North America Names Leaders of Realigned Commercial Divisions
Jan 25 2017 // Zurich North America has announced the name of its new North America Commercial Insurance unit and leadership team. This new unit brings together the former Commercial Markets and the former Global Corporate in North...
Canada Pension Fund to Commit $1B to Fairfax’s Deal with Allied: Sources
Jan 25 2017 // Prem Watsa’s Fairfax Financial Holdings Ltd. is close to announcing a deal that would see one of Canada’s largest pension funds contribute $1 billion in financing toward its acquisition of insurer Allied World...
Trump Orders U.S. Exit from Pacific Trade Pact and Reset on NAFTA
Jan 23 2017 // President Donald Trump abruptly ended the decades-old U.S. tilt toward free trade by signing an executive order to withdraw from an Asia-Pacific accord that was never ratified and promising to renegotiate the North...
Earthquake Risk: Spotlight on Canada
Jan 20 2017 // This post is part of a series sponsored by CoreLogic. What is ‘The Big One’? When assessing earthquake risk in Canada, many commonly refer to ‘The Big One’ that will eventually strike British...
Fairfax in Talks to Sell 25% of India’s ICICI Lombard, Worth Up to $1B
Jan 20 2017 // Fairfax Financial Holdings is in early talks to sell 25 percent of India’s largest private general insurer ICICI Lombard in a deal that could fetch up to $1 billion, as the Canadian firm looks to cash out and start a...
Canada’s Energy Firms at Risk from Cyber, Bomb Attacks: Security Service
Jan 19 2017 // Canada’s main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade...
New Climate Index Shows Extreme Weather Is Now 3 Times More Frequent
Jan 12 2017 // Extreme weather over the last five years has been occurring with a regularity that’s about three times the norm, according to a newly created index from a group of number crunchers. The Actuaries Climate Index, which...
BHSI Enters Canada Marine Market; Chubb’s Rider Tapped as Sr. U/W
Jan 11 2017 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is introducing inland and ocean marine insurance in Canada and has named Gord Rider as senior marine underwriter. “We are pleased to welcome Gord to our team...
Canada’s CMW & Capri Insurance Services Announce Merger
Jan 10 2017 // CMW Insurance Services Ltd. and Capri Insurance Services Ltd. announced they merged on Jan. 1, 2017 to create “one of the largest insurance brokerages and risk management firms in Western Canada.” The two...
Canada’s 2016 Nat Cats Bring Record Insured Damages of $3.7B
Jan 6 2017 // Insured damages from Canadian natural catastrophes during 2016 topped C$4.9 billion (US$3.7 billion) – smashing the previous annual record of C$3.2 billion (US$2.4 billion) set in 2013, according to the Insurance Bureau...
Hub Int’l Buys Canada’s Mainline Insurance Brokers & Affiliated Firms
Jan 5 2017 // Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and Cathedral Insurance...
Economical Completes Purchase of Canada’s Largest Pet Insurer
Jan 4 2017 // Economical Mutual Insurance Co., the Waterloo, Ontario-based property and casualty insurance company, announced the completion of its previously announced acquisition of Western Financial Insurance Co. (WFIC) and its...
Canada’s Fairfax Gets Approval to Buy 51% of India’s Catholic Syrian Bank
Dec 30 2016 // Value investor Prem Watsa’s Fairfax Financial Holdings Ltd. won regulatory approval to buy 51 percent of Catholic Syrian Bank Ltd., marking the first time India’s central bank is allowing a foreign investor to...
Canada to Ban All Products Containing Asbestos by 2018
Dec 21 2016 // Canada is moving to ban all products containing asbestos by 2018. The comprehensive ban will include construction materials and brake pads that currently use the cancer-causing agent. Canada closed its last asbestos mines...
