Canadian market News

XL Catlin Taps Uhlmann from Zurich to Lead Canada Insurance Business

XL Catlin has appointed Urs Uhlmann as CEO, country manager for Canada. In his new role, Uhlmann will lead XL Catlin’s regional business strategy and overall insurance operations in Canada. Uhlmann joins XL Catlin after serving five years as CEO …

Hub International Acquires Manitoba-Based Desilets Insurance Brokers

Hub International Ltd., the Chicago-based insurance brokerage, announced it has acquired the shares of Desilets Insurance Brokers Ltd. Terms of the acquisition were not disclosed. Based in Elie, Manitoba, Desilets offers personal and commercial insurance lines and specializes in providing …

AEGIS London Appoints Trudeau from Crawford & Co. to Manage Canadian Claims

Carrie Trudeau has been hired by Lloyd’s managing agent AEGIS London to manage claims notified by its Canadian coverholders. Based in Toronto, Trudeau will focus on strengthening relationships with London market brokers while supporting AEGIS London’s coverholders writing property and …

Hub International Acquires Canadian Broker Kindersley Insurance

Hub International Limited (Hub), a Chicago-based insurance broker, announced it has acquired the shares of Canadian broker Kindersley Insurance Ltd. Terms of the acquisition were not disclosed. Headquartered in Kindersley, Saskatchewan, with an office in Dodsland, Kindersley Insurance Ltd. is …

Legal Marijuana Worries Canadian Oil Companies with Strict Drug Testing Regimes

Once recreational marijuana becomes legal in Canada, Garnet Amundson says it will get a lot harder to find the workers he needs at Essential Energy Services Ltd. And he isn’t the only employer who’s worried. Essential Energy provides services to …

Canada Fintech Firm Ratehub Raises $12M to Grow Insurance & Mortgage Offerings

Canadian financial technology company Ratehub Inc. has raised a $12 million Series A investment led by Elephant, a venture capital firm. Participating in the funding round was Simon Nixon, co-founder of UK-based financial comparison site MoneySuperMarket. Launched in 2010, Ratehub …

Starr Cos. Forms Canadian A&H Division, with Claughton & Hughes at Helm

Starr Cos. has launched an Accident & Health Division, based in Toronto, Canada. A&H coverages provided include business travel accident; group basic and voluntary accidental death & dismemberment; critical illness; and emergency out-of-province medical. “Starr continues to expand its capabilities …

XL Catlin Taps Coladon from The Guarantee as Fine Art & Specie U/W in Canada

XL Catlin has appointed Farzina Coladon as underwriter, fine art and specie (FAS) in Canada. Coladon is responsible for underwriting fine art, jewelers block and general specie insurance across Canada. Based in Toronto, Coladon, joined on Nov. 6 and is …

Canada’s Economical Restructures to Strengthen Broker Relationships, Profits

Economical Insurance announced the creation of a new organizational structure, with three market-facing regions. The restructuring is designed to improve profits, strengthen relationships with broker partners, capture more market share in small business, and expand capabilities in middle market and …

BHSI Introduces Motor Truck Cargo Legal Liability Insurance in Canada

Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its inland marine product line in Canada with the launch of its Motor Truck Cargo Legal Liability policy, a new product that protects against the legal liability exposure commercial truckers face …