All the headlines from our Canada Topic Page, ordered by recency.
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...
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...
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...
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...
Feb 10 2021 // Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about C$100 million ($79 million) in an initial public offering to strengthen its finances and repay...
Feb 2 2021 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired John Galon Insurance Services Ltd. and Galon Management Ltd., collectively known as Galon Insurance Brokers.Terms of the transaction...
Jan 11 2021 // Apollo Insurance Solutions Ltd., the Toronto-based online insurance company, announced it has closed an oversubscribed C$13.5 million (US$10.6 million) Series A financing round, which exceeded its original C$4 million...
Jan 7 2021 // Arthur J. Gallagher & Co. announced the acquisition of Cain Insurance Services Ltd., based in Fredericton, New Brunswick in Canada.Terms of the transaction were not disclosed. Founded in 1986, Cain Insurance Services...
Dec 18 2020 // AXA XL has appointed Alex Barker to lead its aviation insurance business in Canada. Barker will report to Eric Donofrio, chief underwriting officer, Aerospace, Americas, and to Renato Rodrigues, country manager,...
Dec 17 2020 // Canadian firms’ overseas investment in insurers hit a 20-year high this year boosted by Intact Financial’s joint agreement last month to buy British insurance group RSA for 7.2 billion pounds ($9.6 billion) and...
Dec 15 2020 // TORONTO – Canada’s financial regulator said on Monday it could allow institutions to pay special non-recurring dividends under “exceptional circumstances,” even as it maintains a March moratorium on...
Dec 14 2020 // British insurer Aviva PLC is selling its Vietnamese business to Canadian insurer ManuLife Financial Corp, it said on Monday, as it pushes ahead with plans to pull out from its non-core markets.Aviva, under new boss Amanda...
Dec 8 2020 // Canada should accelerate measures, including financing mechanisms, to help governments, companies and individuals prepare for the rising costs of weather-related disasters, according to a research institute.The cost of...
Dec 1 2020 // Cinven, an international private equity firm, and British Columbia Investment Management Corp. (BCI), one of Canada’s largest institutional investors, announced they have reached an agreement to acquire Compre, a...
Nov 19 2020 // HSB Canada, part of Munich Re, has introduced “Sensor Systems by HSB,” a turnkey solution to help insureds reduce common property claims. The program monitors, predicts and alerts customers to risk events...
Nov 19 2020 // After a decade of buying up rivals to become Canada’s largest property and casualty insurer, Intact Financial Corp. is looking across the Atlantic with its biggest deal yet.Intact sealed an agreement Wednesday to buy...
Nov 19 2020 // Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s (IFC) U.S. insurance company subsidiaries, has launched cyber insurance options that will be offered in partnership with program...
Nov 17 2020 // Swiss Re announced the appointment of Agis Kitsikis as head of Client Markets P&C for Canada and English Caribbean, effective immediately. Kitsikis succeeds Stefan Behr, who recently accepted the position as Swiss...
Nov 17 2020 // Some of Canada’s largest banks and insurers are set to participate in a pilot project to better understand the risks to the financial system from the transition to a low-carbon economy, Canada’s central bank...
Nov 6 2020 // Arthur J. Gallagher & Co. announced the acquisition of Montreal, Quebec-based Optimum Talent Inc.Terms of the transaction were not disclosed. Founded in 1981, Optimum Talent is one of Canada’s largest...