Canadian market News

Allianz Global Corporate & Specialty Appoints McNulty as Head of Claims in Canada

Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced that Bernard McNulty has been named the head of claims Canada, effective immediately. Based in Toronto, he will report directly to Ulrich Kadow, chief agent Canada, with a …

Marsh & McLennan Agency Enters Canadian Market with Purchase of Vézina

Marsh & McLennan Agency LLC*, a subsidiary of Marsh, has acquired Vézina, a Montreal, Quebec-based independent insurance brokerage firm. The acquisition includes the property/casualty brokerage division Vézina Assurances Inc. and group benefits division Vézina & Associes. Terms of the transaction …

Alberta Wildfires Burn for 6th Day, 10% of Oil Sands Crude Offline

Firefighters battled wildfires in northern Alberta, Canada’s biggest crude-producing region, for a sixth day on Thursday, with two blazes near oil sands facilities still out of control. The wildfires have forced producers in the Western Canadian province, the largest source …

Allied World Offers D&O Policy in Canada, Addressing Coverage Gaps

Allied World North America has launched the Executive ForceFieldproduct, a policy specifically developed to address coverage gaps for directors and officers of publicly traded companies in the Canadian market. This upgraded side ‘A’ directors & officers excess and lead difference-in-conditions …

Allied World No. Am. Launches ‘ForceField’ Product Suite in Canada

Allied World Assurance Company Holdings, AG announced today the launch of its ForceField management liability product suite in the Canadian market. ForceField offers five coverage components including: Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime Coverage, and Kidnap …