Latest Canada Headlines

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

Honda Civics Top List of Canada’s 10 Most Stolen Cars

Dec 20 2010 // The Insurance Bureau of Canada (IBC) recently released its annual list of the most frequently stolen vehicles, as follows: 1. 2000 Honda Civic SiR 2-door 2. 1999 Honda Civic SiR 2-door 3. 2002 Cadillac Escalade 4-door...

Group Says Canadian Firm Unprepared for Spill Response in Midwest

Dec 1 2010 // A lack of equipment and personnel has left TransCanada unprepared to deal with a major spill of crude oil on its Keystone pipeline system, according to a report by a nonprofit environmental group.The 60-page report from...

Canada Revenue Agency Confirms Barbados Insurers Exempt Status

Nov 29 2010 // The Canada Revenue Authority (CRA) confirmed that Barbados insurance companies including Exempt Insurance Companies (EIC) and Qualifying Insurance Companies (QIC) are “liable to tax” under paragraph IV (1) of...

Best Affirms Assurant and Subsidiaries Ratings; Outlook Stable

Nov 22 2010 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of...

Canada, China Reach Agreement on Insurance Investment

Nov 12 2010 // China’s insurance regulator has cleared the way to let the country’s insurers invest billions of capital in Canadian financial markets, the Canadian government said on Friday.The move, the latest sign of...

Canadian Insurers’ Earnings Results Seen Stronger, but ‘Messy’

Nov 2 2010 // Low interest rates and write downs are expected to lead to another messy quarter for Canada’s insurers, but recent stock market strength means the profit picture should be brighter than last quarter’s weak...

Sources Say Allianz and Partners Plan UK Fast-rail Bid

Oct 29 2010 // German insurer Allianz has tapped Britain’s largest private pension fund and one that invests the pensions of Canada’s Mounties to make a joint bid for Britain’s sole high-speed railway, sources...

Canada’s Sun Life Selling Reinsurance Unit to Berkshire Hathaway

Oct 27 2010 // Canadian insurer Sun Life Financial Inc. said Wednesday it would sell its reinsurance business to Warren Buffett’s Berkshire Hathaway after months of looking for a buyer for the profitable unit.Sun Life did not...

Tight Market Drives Australian Companies into Deals Abroad

Oct 21 2010 // Cash rich Australian companies are being forced to search offshore for takeover targets as the small local market has become too consolidated to get deals past the competition watchdog.With the Aussie dollar at a 28-year...

U.N. Urged to Freeze Climate Change ‘Geo-engineering’ Projects

Oct 21 2010 // The United Nations should impose a moratorium on “geo-engineering” projects such as artificial volcanoes and vast cloud-seeding schemes to fight climate change, green groups say, fearing they could harm nature...

Catlin Canada Establishes Offices in Montreal and Vancouver

Oct 20 2010 // Catlin Canada, the Canadian-based operations of Catlin Group Limited, announced further expansion in the country with the opening of offices in Vancouver and Montreal. Both facilities will begin operations in early...

Lloyd’s McGovern Works to Expand No. American Business; Part II

Oct 18 2010 // Sean McGovern now heads Lloyd’s operations in the U.S. and Canada – the first and third largest sources of business for its underwriters. Lloyd’s not only wants to hold on to that business, but also to...

RSA Acquires GCAN Insurance in Canada for $410 Million

Oct 4 2010 // UK-based RSA Insurance Group plc has announced the acquisition of GCAN Insurance Company, a Canadian mid-market, large risks & specialty commercial insurer, which “offers a range of products including Property,...

Bank of Montreal Eyes U.S., China Acquisitions for Insurance Group

Sep 23 2010 // Bank of Montreal is on the hunt for acquisitions in the United States and China to expand its wealth management operations, while it sees growth in Canada coming from established operations, one of BMO’s top...

Hurricane Igor Heads North After Battering Bermuda

Sep 21 2010 // Hurricane Igor barreled north Monday on a path expected to take it near Newfoundland and energy interests off eastern Canada, after battering Bermuda with heavy winds, waves and rain that caused damage but no...

Earl Weakens, Pounds North Carolina Islands, Heads for Massachusetts

Sep 3 2010 // Hurricane Earl battered North Carolina’s coast with rain, winds and waves Friday and swirled up the U.S. eastern seaboard toward New England and Canada as a weakened but still dangerous storm.The impact of the...

Marsh Names 59 Managing Directors in U.S., Canada

Aug 2 2010 // Marsh announced the appointment of 59 new managing directors in North America. The members of the Marsh 2010 Class of Managing Directors work within a number of different risk practice and industry groups and are located...

Report Forecasts Rough Sailing for Canadian Insurers’ Results

Jul 26 2010 // Investors hoping for improved results from Canada’s insurers may want to brace for disappointment, with weak stock markets and lower bond yields seen taking take a bite out of quarterly earnings.Analysts said the...

Canada Trade Minister Urges Action on Big Doha Issues

Jul 19 2010 // WTO member states must find answers to bilateral squabbles if they want to achieve any global breakthrough in free trade talks, Canada’s trade minister said Friday.In an interview with Reuters, Peter Van Loan said he...

Earthquake, Tornado, Storms Hit Canada’s International Summit Site

Jun 24 2010 // International leaders might be forgiven if they nervously eye the skies above and the ground below as they gather for summits of the Group of Eight and the Group of 20 in Canada’s province of Ontario this weekend.In...