All the headlines from our Canada Topic Page, ordered by recency.
Jun 18 2013 // The Travelers Companies’ decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts.The acquisition now allows Travelers to...
Jun 18 2013 // The Canadian property and casualty insurance industry is expanding with the launch of the Receivables Insurance Association of Canada. “Less than 1 percent of Canadian companies currently utilize receivables...
Jun 10 2013 // The Travelers Companies Inc. said it has agreed to acquire The Dominion of Canada General Insurance Co. from E-L Financial Corp. Limited for approximately $1.1 billion in cash with an eye on expanding its commercial lines...
Jun 3 2013 // Fairfax Financial Holdings Ltd., a Canadian insurer, agreed to buy American Safety Insurance Holdings Ltd. for $306 million in an all-cash deal that will bring $480 million of investable assets. American Safety...
May 28 2013 // Washington state plans to install within weeks a temporary fix for an interstate highway bridge that crumpled after being hit by a truck, tossing cars and people into a chilly river but causing only minor injuries.Gov. Jay...
May 24 2013 // Standard & Poor’s Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ratings criteria for insurers, which were published on May 7, 2013. (See...
May 2 2013 // The European Union is considering trade action against Bangladesh, which has preferential access to EU markets for its garments, to pressure Dhaka to improve safety standards after a building collapse killed more than 400...
Apr 12 2013 // A.M. Best Asia-Pacific Limited has revised the outlook to positive from stable and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Vietnam’s PVI...
Apr 10 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the U.S. life/health subsidiaries of the Netherlands Aegon N.V....
Apr 2 2013 // Arkansas on Tuesday launched an investigation into an Exxon Mobil pipeline rupture that spilled thousands of barrels of crude oil into a housing development last week, just as forecast rain was expected to complicate the...
Mar 20 2013 // Ironshore Canada Ltd., a subsidiary of Ironshore International, has increased capacity to $30 million for its specialty casualty lines for 2013. Ironshore Canada Specialty Casualty division offers coverages to protect a...
Feb 20 2013 // The UK’s RSA posted a solid operating profit of £684 million [$1.047 billion], compared to £727 million [$1.113 billion in 2011; while registering a five percent increase in net written premiums to £8.353 billion...
Jan 18 2013 // The legal problems are piling up for the Canadian tour company whose bus crashed on an icy highway in Eastern Oregon last month, killing nine passengers and injuring almost 40.An attorney who filed a lawsuit in Tacoma,...
Dec 27 2012 // Canadian private equity firm Onex Corp. said today it has completed its previously announced acquisition of USI Insurance Services from Goldman Sachs Group’s GS Capital Partners for approximately $2.3 billion. The...
Dec 19 2012 // W. R. Berkley Corporation announced that Andrew Steen has been named president of Berkley Canada, effective January 7, 2013. The bulletin noted that Steen “has more than 20 years of experience in the property...
Dec 4 2012 // The 53-page document reads more like a screenplay than a lawsuit. If Jerald Batoff’s claim is true, that’s how it may end up.More than seven months after his historic Main Line home, a 24,000-square-foot estate...
Nov 30 2012 // Willis North America, a unit of Willis Group Holdings, announced that it has entered into a definitive agreement to acquire the assets of Avalon Actuarial Inc., a Canadian employee benefits brokerage and actuarial...
Nov 26 2012 // Canadian private equity firm Onex Corp. said today it has agreed to acquire insurance brokerage USI from Goldman Sachs Group’s GS Capital Partners private equity fund in a transaction valued at $2.3 billion.The deal...
Nov 6 2012 // Chicago-based Hub International Limited announced that it has acquired the shares of Huestis Commercial Insurance Ltd. (HCIL), a Saint John, New Brunswick, Canada-based insurance brokerage firm.Terms of the acquisition...
Nov 1 2012 // Cargo shipping was at a standstill on Oct. 30 on the Great Lakes as superstorm Sandy churned waves up to two stories high, forcing crews to take refuge in bays and harbors and raising concerns about an economic blow if the...