All the headlines from our Canada Topic Page, ordered by recency.
Jan 6 2025 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based insurance brokerage, announced the acquisition of Waterloo, Ontario-based Encore Insurance Services Inc., dba Encore Group.Terms of the transaction were...
Dec 3 2024 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-headquartered insurance brokerage, risk management and consulting services firm, announced the acquisition of a Canadian and Australian insurance brokerages.In...
Dec 2 2024 // The province of British Columbia can bring a class action lawsuit against pharmaceutical companies for opioid harms on behalf of multiple governments across Canada, the country’s Supreme Court ruled on Friday.In...
Nov 26 2024 // This edition of International People Moves details appointments at HUB International and Allianz UK Specialty.A summary of these new hires follows here. HUB International Names Dutton President of HUB Canada WestHUB...
Nov 14 2024 // Intact Financial Corp., the Toronto-based property-casualty insurer, announce that it has acquired Jiffy Inc., Canada’s No. 1 home maintenance app.Through this acquisition, Jiffy will have the platform and...
Oct 28 2024 // The Canadian government warned Friday that “a sophisticated state-sponsored threat actor from the People’s Republic of China” has been scanning the cyber defenses of important public...
Oct 18 2024 // Three of the world’s biggest tobacco companies are near a possible deal to resolve longstanding claims in Canada that they held back information about the health risks of cigarettes.Under the proposal from a...
Oct 17 2024 // The annual average insurable losses in the last decade increased in Canada by a whopping 379%, when compared to the prior 30-year average, according to an analysis from MyChoice, a Toronto-based insurtech company.The...
Sep 27 2024 // Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Baker Insurance, a property/casualty brokerage based in Calgary.Financial details of the deal were not disclosed....
Sep 25 2024 // Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced it has acquired the O’Neill Group, one of British Columbia’s premier employee group benefits, life insurance, and wealth...
Sep 24 2024 // An onslaught of four natural disasters caused C$7.1 billion ($5.3 billion) of insured losses across Canada in just two months — more than any other summer on record.In July and August, a ballistic hailstorm tore through...
Sep 24 2024 // The soaring cost and difficulty of insuring against climate risks may force people to relocate, the head of Canada’s main financial regulator warned.Rising damages from extreme weather don’t seem to be a...
Sep 18 2024 // Canadian Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make housing more affordable, a critical political issue that has hurt Prime Minister Justin Trudeau...
Sep 12 2024 // With summer drawing to a close in Canada, the 2024 wildfire season is shaping up as one of the most destructive on record, largely due to the devastation caused by a blaze that ripped through a tourist town in the Canadian...
Sep 10 2024 // Melvin Appointed President and CEO, BMS Re, USBMS Re, the specialty reinsurance arm of global broker BMS Group headquartered in New York City, appointed Brad Melvin president and chief executive officer, BMS Re, U.S.,...
Sep 10 2024 // Privilege Underwriters Reciprocal Exchange (PURE) is for the first time going international with an expansion into Canada.The reciprocal exchange will start serving high net worth clients in Ontario with homeowners...
Sep 9 2024 // With its vast expanses of forest, Canada has the most “certified” sustainable timber operations of any nation, according to the nonprofit organizations that attest to the environmental soundness of logging...
Sep 6 2024 // Royal Bank of Canada’s former chief financial officer, fired over allegations she had an undisclosed personal relationship with another executive, said the bank was trying to “manufacture” a reason to get...
Sep 6 2024 // Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims than the 20-year average, reported the Insurance Bureau of Canada.About 228,000 home,...
Sep 3 2024 // Insured losses have surged in the past decade as climate change in Canada sparks wildfires, intense hailstorms and thunderstorms with severe flooding in major cities.Insured losses from natural disasters averaged C$2.2...