Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Willis Names Van der Slikke VP – Canadian Energy Operations
Dec 11 2007 // Willis Group Holdings has appointed Cees van der Slikke to Executive Vice President of the Company’s Energy Business in Canada, as well as Managing Partner of the Calgary office. He will be responsible for the...
Canada’s HKMB Insurance to Merge with Hub International
Dec 5 2007 // Canadian commercial insurance broker HKMB International Insurance Brokers (HKMB) has agreed to join with Chicago-based Hub International Limited. HKMB will become a new regional platformand carry on business as HKMB Hub...
Cargill Recalls 1 Million Pounds of Beef Possibly Tainted by E coli
Nov 5 2007 // Wayzata, Minn.-based Cargill Inc. says it is recalling more than 1 million pounds of ground beef that may be contaminated with E. coli bacteria, the second time in less than a month it has voluntarily recalled beef that...
Ratings Recap: Labuan, Ansvar, MERITZ, Fairfax, Northbridge
Oct 26 2007 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Malaysia’s Labuan Reinsurance Ltd. with a stable outlook. “The...
Ratings Recap: Northbridge, Fondiaria, MGIC, Trust International, First Capital, St.Paul/Travelers (UK)
Oct 19 2007 // Standard & Poor’s Ratings Services has placed its ‘BBB’ counterparty credit and financial strength ratings on Northbridge Financial Corp.’s operating companies–Commonwealth Insurance Co.,...
Royal & SunAlliance Canada to Acquire Canadian Northern Shield Insurance
Oct 18 2007 // The Royal & SunAlliance Canada Group announced that it has entered into an agreement to purchase all of the shares of Canadian Northern Shield Insurance Company (CNS) from The CUMIS Group Limited for approximately $75...
Zurich Picks Campbell to Succeed Landry as Canadian CEO
Oct 18 2007 // Zurich Financial Services has announced that Robert Landry will retire as head of its Canadian operations at the end of the year. Alister Campbell, previously Senior Vice President at ING, has been tapped to succeed Landry...
R&M Adds Canada ‘Snapshot’
Oct 10 2007 // Dublin’s Research and Markets announced the addition of “Snapshots Canada Insurance 2007” to their offering, as part of the research firm’s “Snapdata” series. “Snapshots Canada...
Commerce Banc Insurance to be sold
Oct 8 2007 // Canada’s TD Bank Financial Group reported that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase...
Business Moves
Oct 8 2007 // The Hanover, Professionals Direct The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies...
Business Moves
Oct 8 2007 // The Hanover, Professionals Direct The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies...
Canada’s TD Banknorth to Buy N.J.’s Commerce Bank; Sell Insurance Unit
Oct 2 2007 // Canada’s TD Bank Financial Group reports that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase...
Exporters’ insurance: A world of opportunity
Sep 24 2007 // Companies moving into international markets could be exposed to risks not insured under domestic policies In the past 10 years, it has become much easier for U.S. companies to venture into the global marketplace. Advances...
R&M Publishes ‘Snapshot’ of Canadian P/C Market
Sep 21 2007 // Research and Markets has added “Snapshots Canada Non-Life Insurance 2007” to their offering, as part of the research firm’s Snapdata series. The report “provides 2005 year-end market size data, with...
Dole Recalls Salad Mix in Latest E. Coli Scare
Sep 20 2007 // A package of Dole salad mix that tested positive for E. coli has triggered a recall in at least nine states, prompting new produce fears almost exactly a year after a nationwide spinach scare. The tainted bag of...
Hub to Acquire Canadian Wholesaler Totten Group
Sep 20 2007 // Chicago-based Hub International Limited announced that one of its subsidiaries has entered into a definitive agreement to acquire all of the stock of Totten Insurance Group Inc., a Canadian specialty insurance wholesaler...
Canada Market ‘Solid’ Says Best Report; But Beware ‘Soft Market Cycle’
Sep 19 2007 // A.M. Best has just released a study of the Canadian insurance market, which found that the country’s P/C insurers enjoyed “another solid year,” from profitable underwriting aided by investment income and...
Lightning Striking Can be Frightening for iPod, Cell Phone Users
Jul 13 2007 // Listen to an iPod during a storm and you may get more than electrifying tunes. A Canadian jogger suffered wishbone-shaped chest and neck burns, ruptured eardrums and a broken jaw when lightning traveled through his music...
Best to Hold Canada Conference
Jul 5 2007 // A.M. Best Co. will host a comprehensive one-day conference in Toronto to explore the issues facing the Canadian insurance industry. The 2007 “Review & Preview Conference–Canadian Update” will be held...
Ratings Roundup: ING Canada, AXA RE Pacific (PARIS RE)
Jul 5 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and issuer credit ratings (ICR) of “aa-” of the ING Canada Group. The group includes Belair Insurance Company Inc....
