Canadian market News

Healthier Workplaces Help to Reduce Group Insurance Costs: Canada’s Manulife

When Canadians hit the gym, they’re not the only ones who benefit. Their insurers stand to gain as well. “If we can have a healthier workplace it is going to decrease disability costs, it’s going to decrease general health costs …

Swiss Re Corporate Solutions Appoints Tardif as Head Aviation Canada

Swiss Re Corporate Solutions has appointed Simon Tardif as head Aviation Canada, effective Oct. 29, 2018. In this role, Tardif will be responsible for the growth and strategy of the aviation team across Canada. He has relocated from Paris, France …

CoreLogic Expands Flood and Hail Solutions in Canadian Market

CoreLogic, the Irvine, Calif.-based property data and analytics firm, announced it is expanding its Flood Risk Score and Weather Verification Services for hail into Canada. The availability of the CoreLogic Flood Risk Score and Weather Verification Service for hail in …

Hub International Acquires Saskatchewan-Based Tri-Line Agencies

Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Tri-Line Agencies Inc. Terms of the transaction were not disclosed. Tri-Line Agencies is a full-service, independent insurance brokerage headquartered in Rose Valley, Saskatchewan, Canada, offering personal …

Hub International Acquires Ontario’s Proteus Performance Management

Hub International Ltd., the Chicago-based insurance brokerage, announced it has acquired Proteus Performance Management Inc. Terms of the transaction were not disclosed. Headquartered in Toronto, Ontario, Canada, Proteus provides specialized pension plan governance and investment consulting to corporate plan sponsors, …

QBE Canada Unveils New Leadership Team, Including Thompson as Director

QBE Canada unveiled a new leadership team, which is being led by Jamie Thompson, who took on the role as director of Canada earlier this year. In this role, Thompson has oversight of QBE’s Canadian customers, including those who purchase …

Canada’s Manulife Seeks Dismissal of Court Case Filed by Hedge Fund

Canadian insurer Manulife Financial Corp said on Tuesday it would ask a court in Saskatchewan to dismiss claims made against it by a hedge fund after the province changed its rules to limit how much an investor can put into …

Canada Gets Ready for Legalized Recreational Marijuana on Oct. 17

Mat Beren and his friends used to drive by the vast greenhouses of southern British Columbia and joke about how much weed they could grow there. Years later, it’s no joke. The tomato and pepper plants that once filled some …

Canada’s Manulife Faces Investor Backlash over Failure to Disclose Ongoing Court Case

Canada’s biggest life insurer is under pressure from shareholders to explain why it failed to disclose details of an ongoing court case which came to light after a short-seller released a report detailing the litigation. The stock has dropped 11.5 …

Canadian Broker Network Appoints Kemp, Co-President of CapriCMW, as Chairman

Canadian Broker Network(CBN), the Toronto-based network of independent insurance brokers, has appointed Andrew Kemp, co-president, CapriCMW Insurance Services Ltd., as the next CBN chairman. He succeeds Mike Robinson, president, PBL Insurance Ltd., who is completing a two-year term as CBN …