Canadian market News

Arthur J. Gallagher Acquires Canada’s Keyser Benefits Corp.

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Canadian broker Keyser Benefits Corp. Terms of the transaction were not disclosed. With roots dating back more than 45 years, Calgary, Alberta-based Keyser is a full-service …

AIG Exits Individual Personal Lines Business in Canada

American International Group (AIG) has decided to stop underwriting new policies in its individual personal insurance lines of business in Canada, namely auto and homeowners. “We continually review our operations to make sure that AIG Canada provides clients and partners …

Zurich Canada Names Steiner from RSA as Head of Property

Yvonne Steiner has been named head of Property for Zurich Canada. Steiner will be a member of the Zurich Canada executive team and will report to Zurich Canada CEO Saad Mered. Her first day at Zurich will be April 15. …

H.W. Kaufman, Burns & Wilcox Canada Buy TRU Transportation Risk Underwriters

H.W. Kaufman Group and Burns & Wilcox Canada announced they have acquired Toronto-based TRU Transportation Risk Underwriters Ltd. (TRU), a Canadian managing general agent (MGA) with expertise in providing risk solutions for truck and taxi commercial fleets. TRU will become …

Alliant Subsidiary, Tribal First, Acquires Canada’s AFN Insurance Brokers

Tribal First, a division of Alliant Underwriting Solutions, has acquired Ottawa, Canada-based AFN Insurance Brokerage. Financial details of the transaction were not disclosed. The acquisition pairs AFN Insurance Brokerage, which is Canada’s First Nations’ insurance leader, with Tribal First, the …

Travelers Canada Expands Suite of Services Offered to Specialty Insurance Customers

Travelers Canada, the Canadian arm of The Travelers Cos. Inc., is offering a new suite of services for specialty insurance customers that come packaged with their insurance policy. Human resources, legal and emotional support assistance will now be offered, at …

Severe Weather in Canada Cost Insurers C$1.9 Billion in 2018: IBC

Insured damage from severe weather events across Canada reached C$1.9 billion (US$1.4 billion) in 2018, according to the Insurance Bureau of Canada (IBC), quoting statistics from Catastrophe Indices and Quantification Inc. Severe weather across Canada continues to highlight the financial …

Hub Continues Canadian Employee Benefits Expansion with Purchase of TRG

Hub International Ltd., the Chicago-based insurance broker, announced that it has acquired the assets of TRG Group Benefits and Pensions Inc. (TRG) in Canada. Terms of the transaction were not disclosed. The acquisition continues Hub’s strategy to offer clients a …

Arthur J. Gallagher & Co. Acquires Canadian Broker Jones Brown

Arthur J. Gallagher & Co. announced the acquisition of Canadian insurance broker Jones Brown Inc. and its subsidiaries. Terms of the transaction were not disclosed. Founded in 1997 and headquartered in Toronto, Jones Brown is a retail property/casualty insurance broker …

The Co-Operators Offers Storm Surge Cover for Homeowners Across Canada

Montreal-based Co-operators is offering storm surge insurance for homeowners in Quebec and Manitoba, which completes the company’s product rollout to Canadian homeowners from coast to coast. Co-operators described its comprehensive water insurance as the only product of its kind in …