Canadian market News

Canadian Health Insurers Reluctant to Provide Cover for Medical Marijuana

Sun Life Financial, Canada’s No. 2 insurer, recently started covering medical marijuana in its Canadian health insurance plan – more than 17 years after the country first legalized it. The coverage, which requires employers to pay a premium, extends only …

Beazley Taps Hawthorne, Formerly with Guarantee, as Territory Manager for E. Canada

Beazley, the specialist insurer, has appointed Jo-Anne Hawthorne as territory manager for eastern Canada. Hawthorne will report to Cheryl Hobbs and will be responsible for developing closer relations with brokers in Ontario, Atlantic Canada, Ottawa and Quebec with a view …

Canada’s Western Financial Group Acquires Ontario Broker, Axion Insurance

Western Financial Group Inc. announced that it has acquired Axion Insurance Services Inc. of Ontario. The acquisition was completed on June 19, 2018 and will add 10 Ontario-based locations and approximately 60 insurance experts to Western’s existing network of insurance …

Marsh Names Lay as CEO, UK & Ireland; Robson as President & CEO, Marsh Canada

Marsh announced that Chris Lay will be named CEO of its UK & Ireland region, reporting to Flavio Piccolomini, president of Marsh International, and he will be appointed CEO of Marsh Ltd., all subject to regulatory approval. Marsh also announced …

Hub International Acquires British Columbia-Based ES3 Insurance Services

Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the shares of ES3 Insurance Services Ltd. operating as ES3 Advisory. Terms of the acquisition were not disclosed. Headquartered in Vancouver, British Columbia, ES3 Advisory is an employee benefits …

Wawanesa Mutual Names Jardine President of Canadian P/C Operation

Wawanesa Mutual Insurance Co. announced the appointment of Carol Jardine as president of Wawanesa’s Canadian property and casualty (P/C) operation. Prior to her appointment, Jardine was senior vice president and chief strategy officer, a position she assumed when joining the …

Hub International Acquires Ontario-Based The Benefits Co.

Hub International Ltd., a Chicago-based insurance brokerage, announced it has acquired the shares of The Benefits Co. Inc. (TBC). Terms of the acquisition were not disclosed. Headquartered in Windsor, Ontario, TBC assists, guides and protects its clients through the various …

Markel Canada Appoints Crozier from Everest as President

Markel International, the specialist insurance subsidiary of Markel Corp., has appointed David A. Crozier to be president of Markel Canada, its business which operates across the country, with offices in Toronto, Montreal, Calgary and Vancouver. Crozier will take up his …

Endeavour Expands Capability of Claims Platform Used by Canadian Coverholders

Delegated authority specialist and Lloyd’s broker Endeavour Insurance Services has added new functionality, including Lineage compatibility, to its Advantage claims platform, further improving claims handling for Canadian coverholders and third party authorities (TPA). Developed in partnership with Advent Claims and …

Odyssey’s Newline Group Opens Unit in Canada with Focus on SMEs

Newline Group announced the launch of its new service company, Newline Canada Insurance Ltd., based in Toronto. Newline Group is part of the Odyssey Group, a wholly owned subsidiary of Fairfax Financial Holdings. Newline Canada will offer a suite of …