November 19, 2021
TORONTO – Insurer Definity Financial Corp jumped as much as 36% on its stock market debut on Thursday after raising C$2.1 billion ($1.6 billion) in Canada’s second-largest IPO. Waterloo, Ontario-based Definity priced its IPO at C$22.00 per share, the top …
November 18, 2021
Vancouver, Canada’s third-largest city, is cut off from the rest of the country by land after days of storms caused flooding and mudslides that have blocked major highways and rail lines. In response to what local officials are calling the …
November 18, 2021
Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about C$1.4 billion ($1.1 billion) in the largest Canadian initial public offering of the year. A total of 63.6 million shares were sold for …
November 9, 2021
Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25 billion ($1 billion) in an initial public offering, following in the footsteps of other large Canadian insurers that have moved …
November 5, 2021
TORONTO – Canadian banks and insurers can resume dividend increases and share buybacks and raise executive compensation, the country’s financial regulator said on Thursday, lifting a moratorium it imposed in March 2020 and possibly paving the way for a boost …
November 4, 2021
OTTAWA – Canadian employers are firing or putting on unpaid leave thousands of workers who refused to get COVID-19 shots, squeezing an already tight labor market and raising prospects of potentially disruptive legal challenges. Prime Minister Justin Trudeau promised vaccine …
November 2, 2021
This edition of International People Moves details appointments in at insurer Chaucer (in the UK), the broker NFP (in Quebec) and the insurtech BOXX (in Switzerland). A summary of these new hires follows here Chaucer Appoints Smith From WTW to …
October 26, 2021
Storms that hit southern Ontario on Sept. 7 and Sept. 22 caused C$105 million (US$84.9 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). These storms …
October 18, 2021
Hub International Ltd., the Chicago-based global insurance brokerage and financial services firm, announced it has acquired the assets of Rogersworks Inc. Financial details of the transaction were not disclosed. Located in Vancouver, British Columbia, Canada, Rogersworks is an independent benefits …
October 8, 2021
Hub International Ltd., a Chicago-based insurance broker and financial services firm, announced it has acquired H.W. Hollinger (Canada) Inc. Terms of the transaction were not disclosed. Based in Montreal, Quebec, Canada, H.W. Hollinger is an independent insurance agency providing commercial …