Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
S&P Affirms Kingsway’s ‘BBB- Ratings
Jun 13 2006 // Standard & Poor’s Ratings Services has affirmed its “BBB-” long-term counterparty credit and senior unsecured debt ratings on Toronto-based Kingsway Financial Services Inc. with a stable...
RMS Launches Eastern U.S. and Canada Earthquake Model
Jun 8 2006 // Risk Management Solutions (RMS), Newark, Calif., has updated its U.S. and Canada Earthquake models. “Earthquakes east of the Rockies are less common than in the tectonically active West, but can be more severe due to...
Best Affirms ‘A’ Ratings of Royal Bank of Canada Insurance Co.
May 12 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a+” of Royal Bank of Canada Insurance Company Ltd. (RBCI), which...
Canada’s Suncor Energy Settles Business Interruption Insurance Claim
Apr 25 2006 // Suncor Energy Inc. reports that it has settled business interruption insurance claims related to a January 2005 fire at the company’s oil sands facilities. The total amount of the BI settlement is approximately $980...
Mint Canadian Launches BI ‘Outbreak Contingency Cover’ for Bird Flu
Apr 24 2006 // Mint Canadian Specialty Underwriters, the Canadian niche insurer, has announced the launch of a new and unique product, dubbed “Outbreak Contingency Cover. Mint is part of Markel’s international operations,...
Mobility Saint-Honore to Acquire/Merge Norfolk International
Apr 21 2006 // Patrick Mallet, President and CEO of Paris-based Mobility Saint-Honore, announced the acquisition of Norfolk International Group of Calgary, Alberta, Canada. The Company said it plans to merge Norfolk into its Canadian...
St. Paul Travelers Launches Canadian Directors and Officers Policy
Apr 21 2006 // Directors and officers of companies in Canada will have broader protection for claims made against their personal assets under a new Directors’ and Officers’ policy introduced by Minn.-based St. Paul...
Canada’s Commonwealth Signs Deal to Use EQECAT Cat Models
Apr 18 2006 // Oakland Calif.-based EQECAT, Inc., a provider of extreme-risk modeling, announced that Canada’s Commonwealth Insurance Company has signed a licensing agreement to use EQECAT’s WORLDCATenterprise(TM) platform...
Willis Adds Five to Toronto Office
Apr 9 2006 // Willis Group Holdings, Ltd. has appointed five new insurance professionals to its Canadian operations. Ayesha Navarro, Murray Kammer, Charles Fogden, Matthew Cook, and Douglas Bundock are based in Toronto,...
Insurers Refute Reports on Canada’s Home, Auto Policy Prices
Apr 9 2006 // Canada’s home, car and business insurers have countered recent reports suggesting that the cost of homeowner’s insurance in New Brunswick is rising. The industry’s attempt to set the record straight about...
ING Merges Canadian Subsidiaries
Apr 7 2006 // Allianz Insurance Company of Canada and The Nordic Insurance Company of Canada, both insurance subsidiaries of ING Canada Inc., have announced the completion of their amalgamation under the name of The Nordic Insurance...
ING Canada Acquires Largest Member in Grey Power Network
Apr 4 2006 // ING Canada announced the acquisition of Grey Power Insurance Brokers Inc. (GPIBI) of Stouffville, Ontario. GPIBI is the largest member in the Grey Power network, accounting for about 50 per cent of its business volume. The...
Guy Carpenter Names Powell to Head Latin America, Caribbean; Callahan to Manage Treaty Business
Mar 23 2006 // Guy Carpenter & Company, Inc., Marsh & McLennan’s global risk and reinsurance specialist, announced that Hugh Powell has assumed the role of CEO of its Latin America and Caribbean Region. He will manage Guy...
Cornerstone Appraisal Services and MSB Form Strategic Alliance
Mar 14 2006 // High value home inspection vendor joins forces with MSB Valparaiso, Indiana and Los Angeles – Cornerstone Appraisal Services (Cornerstone) and Marshall & Swift / Boeckh (MSB), an MDA company, are pleased to...
XN Launches Canada Law Firm Policy
Feb 24 2006 // XN Holdings, parent company of XN Risk Insurance Services (Canada) Inc., announced the launch of a Law Firm Management Liability Policy designed to meet the evolving needs of Canadian legal professional firms. XN said the...
ING to Combine Canadian Subs
Feb 21 2006 // Allianz Insurance Company of Canada and The Nordic Insurance Company of Canada, both insurance subsidiaries of ING Canada Inc., announced their intention to amalgamate under the name of The Nordic Insurance Company of...
People and Places
Feb 20 2006 // Aon Risk Services of Oklahoma welcomed Don Horner to its staff as vice president, Health & Welfare Practice leader. He will be responsible for new business production, management of the Tulsa office’s Health...
Don Horner
Feb 19 2006 // Aon Risk Services of Oklahoma welcomed Don Horner to its staff as vice president, Health & Welfare Practice leader. He will be responsible for new business production, management of the Tulsa office’s Health...
Kingsway Grows Net Income by 24% for 2005; Dividend Increases 25%
Feb 8 2006 // Canada-based Kingsway Financial Services Inc. reported financial results for the fourth quarter and year ended Dec. 31, 2005 (Cdn dollars except where indicated). Net income for the quarter increased 16% to $42.1 million...
Svendson to Lead Deloitte Financial Advisory Services’ Mid-America Region
Feb 7 2006 // Deloitte Financial Advisory Services LLP announced that Midwest regional managing partner, Don M. Svendson, has been named Mid-America regional managing partner. Svendson, based in Dallas, succeeds Edward Lynch, partner,...
