Latest Canada Headlines

All the headlines from our Canada Topic Page, ordered by recency.

People Moves: Carpenter Hires AXA XL’s Gressier; Aon’s Bisset to Lockton Re’s Global Retro Unit; BHSI Canada Promotes Knight

Jun 15 2021 // This wrap-up of international People Moves details recent appointments at reinsurance brokers Guy Carpenter & Co. and Lockton Re and insurer Berkshire Hathaway Specialty Insurance (BHSI).A summary of these new hires...

Argo Group to Stop Insuring Canada’s Trans Mountain Pipeline, Joining Other Carriers

Jun 7 2021 // Lloyd’s insurer Argo Group has decided to stop insuring Canada’s Trans Mountain tar sands pipeline when its current insurance policy expires on Aug. 31, 2021, following similar moves by other companies such as...

Canada’s Economical Insurance Launches Platform to Simplify Brokers’ SME Placements

Jun 4 2021 // Economical Insurance has introduced Vyne Commercial, a new digital platform and an expanded product offering, which is designed to simplify the process of insuring small businesses.Broker partners will be able to instantly...

Canadian Fintech Company Ratehub Launches Insurance Brokerage

Jun 4 2021 // Canadian fintech company Ratehub Inc. has launched a property/casualty (P/C) brokerage called RH Insurance.Toronto-based Ratehub, which operates the financial product comparison site Ratehub.ca, said the launch brings the...

Hub International Acquires Canada’s Global Credit Risk Management Inc.

Jun 3 2021 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired Global Credit Risk Management Inc. (GCRM).Terms of the transaction were not disclosed. With a national presence and offices located in...

SCOR Canada Reinsurance Appoints Gay as President and CEO, Succeeding Christoff

Jun 3 2021 // SCOR announced that Olivier Gay has been appointed chief executive officer for SCOR Canada Reinsurance Co., succeeding Paul Christoff, effective June 11, 2021.Gay will continue to serve as chief underwriting officer for...

Biden Backs States Against Manufacturers Over Prescription Drug Imports From Canada

Jun 1 2021 // The Biden administration is urging a federal court to dismiss a lawsuit that could stand in the way of states like Florida in allowing prescription drugs to be imported from Canada.In a legal brief filed Friday, the White...

Canada Faces Mega-Hurricanes if Climate Change Pushes Storms North: Swiss Re Warns

May 21 2021 // Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada’s homeowners, businesses and insurers underestimate that escalating risk, according to one of the...

March Storm in Eastern Canada Cost Insurers C$50 Million

May 19 2021 // A storm that moved across eastern Canada from March 26-29 brought heavy rain and strong winds, causing C$50 million (US$41.5 million) in insured damage, according to initial estimates from Catastrophe Indices and...

People Moves: AXA XL Canada Names 5 Underwriters; MS Amlin Appoints 2 at Reinsurance Business

May 13 2021 // This wrap-up of international People Moves details recent appointments at AXA XL and MS Amlin.AXA XL announced that it has added five Toronto-based underwriters to strengthen its casualty, professional liability and...

Canada’s Riverview Insurance Solutions Merges with Sterling Capital Brokers

May 11 2021 // SCB was founded in 2014 and is headquartered in Toronto, Ontario. SCB is Canada’s largest independent benefit consulting firm that specializes in servicing high-growth small-to-medium size businesses. SCB offers its...

Insurers Warn Canada’s Moving Too Slowly on Flood Mapping

May 6 2021 // OTTAWA – Canada plans to focus its next budget on tackling climate change and its effects but the insurance industry, amid skyrocketing costs, is concerned the government will move too slowly on the key first step of...

Canadian MGA GroupAssur Merges with Evolution Insurance

Apr 21 2021 // GroupAssur, a Canadian managing general agent (MGA), specializing in property/casualty insurance lines, announced it has merged with Evolution Insurance, an MGA and wholesaler specializing in complex risks that offers its...

Hub International Acquires Wessex Financial Inc. in Canada

Apr 9 2021 // Hub International Ltd., a Chicago-based insurance broker, announced that it has acquired Wessex Financial Inc. in Canada.Terms of the transaction were not disclosed. Located in Calgary, Alberta, Canada, Wessex Financial is...

Canada’s Constellation Insurance to Acquire Ohio National for $1 Billion

Mar 24 2021 // Canada’s Constellation Insurance Holdings, Inc. has agreed to acquire Cincinnati-based life and disability insurer Ohio National Mutual Holdings, Inc. and its wholly owned subsidiary Ohio National Financial Services,...

Munich Re’s Transportation, Logistics Specialty Broker Roanoke Expands to Canada

Mar 18 2021 // Roanoke Insurance Group is expanding to Canada to provide insurance and surety bonds to companies involved in logistics, transportation and shipping. The new entity, Roanoke Insurance Group Canada, Inc., (RIG CA), is an...

Canada’s Trans Mountain Pipeline Wants to Keep Insurers Secret from Project Protestors

Mar 11 2021 // Trans Mountain Pipeline LP is petitioning to keep the insurers of its controversial Canadian oil sands pipeline confidential as environmental groups urge insurance companies to drop their coverage.The pipeline company...

CNA’s Cyber Risk Services Program, CNA CyberPrep, Launched in Canada

Mar 5 2021 // CNA announced that CNA CyberPrep, a proactive cyber risk services program, has been launched in Canada.Already available to CNA’s customers in the United States, CNA CyberPrep helps cyber policyholders with threat...

Canadian Insurtech Farmers Edge Raises $100 Million in IPO

Feb 26 2021 // Farmers Edge Inc. raised about C$125 million ($100 million) in its Canadian initial public offering after selling shares at the top end of its marketed range, according to people familiar with the transaction.Farmers Edge...

Zurich North America Names Aviva’s Kundi as Canada Chief Risk Officer

Feb 25 2021 // Sonia Kundi has joined the Zurich North America Group Risk Management team as Canada chief risk officer, effective immediately.She reports to North America Chief Risk Officer Colleen Zitt and will be a member of her...