Canadian market News

Hub International Acquires Canada Retirement Consulting Firm Porchlight Financial

Insurance broker Hub International Ltd. announced it has acquired Porchlight Financial, based in Vancouver, British Columbia. Terms of the transaction were not disclosed. Porchlight Financial is a full-service group retirement plan consulting firm with 25 years of experience in helping …

Canada Broker Navacord Acquires Demers’ Insurance in Alberta

Toronto-based broker Navacord Corp. announce it has the addition of Bonnyville, Alberta-based Demers’ Insurance Ltd., effective June 3, 2019. Financial details of the transaction were not disclosed. Serving Bonnyville and the surrounding community since 1978, Demers’ Insurance will operate as …

Canada’s Western Financial Acquires Ontario Brokerage EGM Insurance Group

Western Financial Group has furthered its strategic expansion in Ontario with the acquisition of EGM Insurance Group. Financial details of the acquisition, which is Western’s third brokerage acquisition in Ontario, were not disclosed. Pembroke, Ontario-based EGM had its roots as …

Wood-Panel Producer Norbord Halts Mill Production Following Alberta Wildfires

Norbord Inc said on Tuesday it suspended production at its oriented strand board (OSB) mill in High Level, Alberta, to comply with evacuation orders following nearby wildfires. More than 4,000 people from High Level and the Bushe River First nations …

Hub International Acquires Saskatchewan-Based Kelliher Agencies

Hub International Ltd., the Chicago-based global insurance broker, announced it has acquired the assets of Kelliher Agencies, headquartered in Kelliher, Saskatchewan, Canada. Terms of the transaction were not disclosed. Kelliher Agencies is a full service, independent insurance brokerage that provides …

Hub International Acquires Canada’s Clarity Benefits Group

Hub International Ltd., the Chicago-based insurance brokerage, announced that it has acquired the assets of Clarity Benefits Group Inc. Terms of the transaction were not disclosed. Based in Calgary, Alberta, Canada, Clarity is an independent, boutique-style firm providing employee benefit …

Canadian Banks, Insurers Tap Blockchain Technology to Verify Client Identities

Canada is making a big leap in modernizing identity verification, tapping blockchain technology to let consumers digitally prove who they are to securely access banking and other personal services. SecureKey Technologies Inc.’s Verified.Me digital identity system is now available for …

Canada Insurer The Co-operators Buys Robinson & Associates Insurance Brokers

Canadian insurer The Co-operators announced it has purchased Robinson & Associates Insurance Brokers in Niagara Falls and Ridgeway, Ontario. Financial details of the deal were not disclosed. The brokerage’s portfolio includes personal and commercial insurance policies, said The Co-operators in …

Zurich Canada Names Aon’s Royer as Head of Liability

Marco Royer has been named head of Liability for Zurich Canada. Royer will be a member of the Zurich Canada executive team and will report to Zurich Canada CEO Saad Mered. His first day at Zurich will be July 1. …

Chubb Expands Insurance Coverage in Canada for Private Equity Firms

Chubb is providing expanded insurance coverage, called “Private Equity+”, to address “the unique risks of Canadian private equity firms.” These extended offerings help transfer and mitigate many of the private equity firms’ most significant liabilities by combining in one policy …