Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Software Provider Vertafore Acquires Canada’s Keal Technology
Feb 29 2016 // Vertafore, the Bothell, Wash.-based insurance software provider, announced the acquisition of Keal Technology, a leading provider of broker and commercial management systems in Canada. The move extends Vertafore’s...
Canada’s Fairfax Financial to Raise $536.4M to Fund Larger Stakes in 2 Insurers
Feb 23 2016 // Fairfax Financial Holdings said on Monday it plans to raise C$735 million ($536.42 million) through an equity issuance, to fund its acquisition of interests in Eurolife ERB Insurance Group Holdings and ICICI Lombard...
Canada’s Intact Financial Corp. Invests in Metromile, Pay-Per-Mile Insurer
Feb 17 2016 // Intact Financial Corp. has made a strategic investment in Metromile, a San Francisco-based provider of pay-per-mile car insurance. Toronto-based IFC, which is the largest provider of property & casualty insurance in...
Allied World Offers Trade Credit & Political Risk Products in Canada
Feb 12 2016 // Allied World Assurance Company Holdings AG announced its suite of trade credit & political risk insurance products are available in Canada, as part of the Global Crisis Management Division. This coverage helps clients...
Enbridge Sued by Wisconsin Landowners over Spill Insurance
Feb 11 2016 // A group of Wisconsin landowners is suing Enbridge to force the company to carry spill insurance on a pipeline that will carry Canadian tar sands oil across the state. The landowners live within 350 yards of the pipeline....
AIG to Sell Advisor Group Broker-Dealer to Lightyear
Jan 26 2016 // American International Group Inc. has agreed to sell AIG Advisor Group to investment funds affiliated with Lightyear Capital LLC, a private equity firm specializing in financial services investing, and PSP Investments, one...
UK’s Aviva to Buy Royal Bank of Canada Unit for North America Expansion
Jan 21 2016 // Aviva Plc, the U.K.’s second-biggest insurer by market value, agreed to buy a home and auto insurer from Royal Bank of Canada for C$582 million ($402 million) to expand in North America. The purchase will increase...
Intact Insurance Launches Commercial Drone Insurance in Canada
Jan 20 2016 // Canadian insurer Intact Insurance has launched drone insurance for its commercial lines customers. This Unmanned Air Vehicle (UAV) coverage caters specifically to small and medium-sized businesses in Canada that currently...
BHSI Launches Miscellaneous Professional Liability Insurance in Canada
Jan 12 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has introduced Professional First Miscellaneous Professional Liability (MPL) Insurance in Canada. The new MPL policy provides claims-made coverage for professionals and...
H.W. Kaufman Financial Group Acquires Toronto-Based Technical Risk Services
Jan 7 2016 // H.W. Kaufman Financial Group, headquartered in Farmington Hills, Mich., has acquired Technical Risk Services (TRS), a Toronto, Canada-based specialist in loss control services, inspections, and risk control consulting. TRS...
Aviva Canada Aims to Offer Ride-Sharing Insurance, with Uber Drivers in Mind
Jan 7 2016 // Aviva Canada aims to offer ride-sharing insurance to Ontario drivers who use their own vehicles to carry paying passengers starting next month, a service that could solve a major headache for ride-hailing company Uber...
Lac Megantic Train Crash Victims’ Fund to Begin Payments without CP Rail
Dec 23 2015 // A C$460 million (US$330.46 million) settlement fund for victims of the 2013 Lac-Megantic crude-by-rail disaster will begin disbursements this week without the participation of Canadian Pacific Railway Ltd [CP], the monitor...
Canada’s Economical Insurance Policyholders Approve Demutualization Plan
Dec 15 2015 // Economical Insurance’s mutual policyholders voted on Monday to allow the Canadian property and casualty insurance firm to demutualize. Demutualization is a regulated process in which a mutual insurance company...
U.S. Safety Agency Advocating Stronger Truck Rear-Impact Guards
Dec 14 2015 // The U.S. National Highway Traffic Safety Administration is proposing that trucking companies be required to install stronger guards on their trailers to reduce deaths caused when cars rear-end tractor trailers. The agency...
ACE Appoints Leadership Team for Canada, Effective 1st Quarter of 2016
Dec 4 2015 // ACE Ltd. announced the leadership team it has appointed for the company’s Canadian operations. The leadership appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first...
ACE Announces Future Leadership Team for Global Surety Business Unit
Dec 2 2015 // ACE Ltd. announced the leadership team it has appointed for the company’s Global Surety business unit, which will take effect upon completion of the acquisition of Chubb, expected in the first quarter of 2016. As...
Mine Disasters Show Real Cost of Using Cheap Solutions for Waste Storage
Nov 18 2015 // As miners globally review the way they store waste in the wake of another horrific dam spill, the solution may be as simple as it is dramatic: spend a lot more. Images of sludge spewing into towns and rivers could be a...
Canadian Pacific Says Wisconsin Train Derailment Caused by Broken Rail
Nov 12 2015 // Canadian Pacific on Nov. 11 said a broken rail caused a weekend freight train derailment in Wisconsin that resulted in an oil spill and a precautionary evacuation. No one was injured in the incident on Nov. 8, which caused...
Allianz Group’s AGCS Names Fellows Head of Market Management Canada
Nov 11 2015 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced that Robert J. Fellows has been named head of market management for Canada, effective January 4, 2016. Based in...
Canada’s Economical Insurance Moves Closer to Becoming Public Company
Nov 4 2015 // Economical Insurance, one of Canada’s largest property and casualty insurers, moved closer to becoming a public company after its board voted to demutualize. The 10-member board of directors recommended it convert to...
