Severe Weather in Canada Cost Insurers C$1.9 Billion in 2018: IBC

Article 0 Comments Insured damage from severe weather events across Canada reached C$1.9 billion (US$1.4 billion) in 2018, according to the Insurance Bureau of Canada (IBC), quoting statistics from Catastrophe Indices and Quantification Inc. Severe weather across Canada continues to highlight the financial costs of climate change to insurers and […]

Hub Continues Canadian Employee Benefits Expansion with Purchase of TRG

Article 0 Comments Hub International Ltd., the Chicago-based insurance broker, announced that it has acquired the assets of TRG Group Benefits and Pensions Inc. (TRG) in Canada. Terms of the transaction were not disclosed. The acquisition continues Hub’s strategy to offer clients a complete employee benefits and pension solution across […]

Arthur J. Gallagher & Co. Acquires Canadian Broker Jones Brown

Article 0 Comments Arthur J. Gallagher & Co. announced the acquisition of Canadian insurance broker Jones Brown Inc. and its subsidiaries. Terms of the transaction were not disclosed. Founded in 1997 and headquartered in Toronto, Jones Brown is a retail property/casualty insurance broker offering a full range of commercial and […]

The Co-Operators Offers Storm Surge Cover for Homeowners Across Canada

Article 0 Comments Montreal-based Co-operators is offering storm surge insurance for homeowners in Quebec and Manitoba, which completes the company’s product rollout to Canadian homeowners from coast to coast. Co-operators described its comprehensive water insurance as the only product of its kind in Canada, which provides protection from the most […]

Healthier Workplaces Help to Reduce Group Insurance Costs: Canada’s Manulife

Article 0 Comments When Canadians hit the gym, they’re not the only ones who benefit. Their insurers stand to gain as well. “If we can have a healthier workplace it is going to decrease disability costs, it’s going to decrease general health costs and we can then offer more competitive […]

CoreLogic Expands Flood and Hail Solutions in Canadian Market

Article 0 Comments CoreLogic, the Irvine, Calif.-based property data and analytics firm, announced it is expanding its Flood Risk Score and Weather Verification Services for hail into Canada. The availability of the CoreLogic Flood Risk Score and Weather Verification Service for hail in Canada means insurers and adjusters can more […]

Hub International Acquires Saskatchewan-Based Tri-Line Agencies

Article 0 Comments Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Tri-Line Agencies Inc. Terms of the transaction were not disclosed. Tri-Line Agencies is a full-service, independent insurance brokerage headquartered in Rose Valley, Saskatchewan, Canada, offering personal and commercial insurance solutions, as well as […]

Hub International Acquires Ontario’s Proteus Performance Management Inc.

Article 0 Comments Hub International Ltd., the Chicago-based insurance brokerage, announced it has acquired Proteus Performance Management Inc. Terms of the transaction were not disclosed. Headquartered in Toronto, Ontario, Canada, Proteus provides specialized pension plan governance and investment consulting to corporate plan sponsors, not-for-profit organizations, trusteed plans, public plans, foundations […]

QBE Canada Unveils New Leadership Team, Including Thompson as Director

Article 0 Comments QBE Canada unveiled a new leadership team, which is being led by Jamie Thompson, who took on the role as director of Canada earlier this year. In this role, Thompson has oversight of QBE’s Canadian customers, including those who purchase insurance from QBE’s Lloyd’s operation. Thompson has […]

Canada’s Manulife Seeks Dismissal of Court Case Filed by Hedge Fund

Article 0 Comments Canadian insurer Manulife Financial Corp said on Tuesday it would ask a court in Saskatchewan to dismiss claims made against it by a hedge fund after the province changed its rules to limit how much an investor can put into certain life insurance policies. Manulife has been […]