Latest Canada Headlines

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

Update: Wildfires Rage Across Canada’s Gas Heartland, Cutting Production

May 8 2023 // Wildfires raging across western Canada forced the evacuation of 30,000 residents and cut at least 234,000 barrels a day of oil and gas production as companies shut down wells and pipelines.A total of 100 blazes were...

Housing Market Downturn Among Top Risks to Canada’s Financial System: Regulator

Apr 21 2023 // A potential downturn in Canada’s housing market and adjusting to rapid increases in interest rates are among the biggest risks to Canada’s financial system this fiscal year, the country’s financial...

Hyundai Auto Canada Guilty of Safety Violation, Transport Canada Says

Apr 19 2023 // Transport Canada said on Tuesday Hyundai Auto Canada Corp pleaded guilty to six different counts of criminal charges for violating the Motor Vehicle Safety Act.Hyundai Auto Canada failed to send out notices of safety...

Canada’s Desjardins Is Seeking Property/Casualty Insurance Acquisitions

Apr 19 2023 // Canada’s Desjardins Group is seeking acquisitions in the property and casualty (P/C) insurance space as it seeks to boost its presence across the country, CEO Guy Cormier told Reuters on Tuesday.Cormier said the...

HDI Global Specialty Launches Digital Platform for General Aviation in Canada

Mar 27 2023 // HDI Global Specialty SE (HDI) has launched a new insurance platform in Canada which delivers general aviation policies to brokers in minutes.The platform, called “Aviation IQ” delivers end-to-end digital...

Toxic Spills at Alberta’s Oil Sands Spur Canada to Boost Regulatory Oversight

Mar 21 2023 // Canada’s federal government is stepping up environmental oversight in Alberta’s oil sands after Imperial Oil Ltd. and the provincial regulator were slow to report toxic spills.Environment Minister Steven...

Canada Financial Watchdog Sets Rules for Insurers, Banks on Climate Risk Disclosure

Mar 8 2023 // Canada’s financial industry regulator published a set of guidelines for banks, insurance companies and other regulated firms to assess and disclose climate risks.Financial firms will need to release climate-related...

Canada Joins U.S. and EU in Banning TikTok From Government Phones

Mar 3 2023 // Canada will bar civil servants from using TikTok Inc. on government-issued mobile devices due to security concerns around data collection.The social media app, which is owned by China’s ByteDance Ltd., will be...

Hackers of ION Trading Also Hit UK Postal Service, Canada Hospital, U.S. Local Agencies

Feb 3 2023 // The hacking group behind a cyberattack against the software firm ION Trading UK has recently conducted a series of breaches throughout the world, with its victims including the UK’s postal service and local...

People Moves: AGCS Taps Chaucer’s Graham for Marine Team; BHSI Names De Wilde Head of Property, Switzerland; HDI Global Specialty Promotes Spafford in Canada Branch

Feb 2 2023 // This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS); Berkshire Hathaway Specialty Insurance (BHSI), and HDI Global Specialty.A summary of these new hires...

Marsh McLennan Names Tomlinson CEO for U.S. and Canada

Feb 1 2023 // Marsh McLennan said it has named Pat Tomlinson CEO of U.S. and Canada.He, along with Flavio Piccolomini, who was appointed International CEO, will report to Mercer President and CEO Martine Ferland and Marsh President and...

Canada’s Westland Insurance Acquires Broker RiskTech From Excel

Jan 17 2023 // Westland Insurance announced that it has acquired the Edmonton brokerage RiskTech Insurance Services as of January 1.Risk Tech was a member of Excel Insurance Group. It specializes in serving large and mid-market...

Insured Damages in Canada From Hurricane Fiona Now Top C$800M

Jan 6 2023 // Insured damages from Hurricane Fiona are now estimated at over C$800 million (US$591.2 million), according to the Insurance Bureau of Canada (IBC), quoting the Catastrophe Indices and Quantification Inc. (CatIQ).Hurricane...

People Moves: Lloyd’s Elects Aon’s Dudley as Council Member, Succeeding Christian; CNA Canada Promotes Detablan as VP, Specialty & Risk Managed Casualty

Dec 12 2022 // Lloyd’s Elects Aon’s Dudley as Council Member, Succeeding ChristianLloyd’s of London, the commercial insurance and reinsurance marketplace, has elected Richard Dudley to the Council of Lloyd’s,...

Hurricane Fiona Breaks New Records in Atlantic Canada With Insured Damage of C$660M

Oct 19 2022 // Hurricane Fiona is estimated to have caused C$660 million (US$436.8 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted initial estimates from Catastrophe Indices and Quantification...

People Moves: NFP Hires Pelaez for Mgmt and Professional Liability in Canada; Miller Names AGCS’ Hooker as APAC Head of Energy; Liberty GTS Hires 3 for APAC Team

Oct 14 2022 // This edition of International People Moves details appointments at NFP, Miller and Liberty Global Transaction SolutionsA summary of these new hires follows here. NFP Hires Pelaez for Management and Professional Liability...

Update: Hurricane Fiona Roars Toward Atlantic Canada as New Storm Threatens Florida

Sep 23 2022 // After lashing Bermuda, Hurricane Fiona is racing north toward Eastern Canada, threatening to become the most powerful storm ever to hit the region. A second system, meanwhile, is developing in the Caribbean and may strike...

People Moves: Strategic Risk Solutions Taps Marsh’s Meindersma to Lead Canada Expansion; Markel Int’l Promotes 3 in Wholesale Claims Leadership Team

Sep 22 2022 // This edition of International People Moves details appointments at Strategic Risk Solutions and Markel International.A summary of these new hires follows here. Strategic Risk Solutions Taps Marsh’s Meindersma to Lead...

Update: Fiona Becomes Strongest 2022 Atlantic Hurricane, Threatening Bermuda, Canada

Sep 21 2022 // Hurricane Fiona has intensified to become this year’s strongest Atlantic storm as it moves north to threaten Bermuda and eastern Canada later this week.Fiona’s top winds remain at 130 miles (209 kilometers) per...

People Moves: Miller Launches Delegated Authority Team in Canada, Hires 5 From Tysers

Sep 21 2022 // Miller, the leading independent specialist re/insurance broker, announced the expansion of its Delegated Authority team with the appointment of five new hires to form a dedicated Canadian unit.The new team will be formed...