Canadian property and casualty insurers will be working with new cabinet ministers in the areas of emergency preparedness, public safety (including cybersecurity and auto theft), and housing, infrastructure and communities (including climate resilience), following Prime Minister Justin Trudeau’s major cabinet…
Allianz Global Corporate & Specialty (AGCS) has joined forces with the commercial insurance businesses of local Allianz P&C entities, trading under the name Allianz Commercial. The new structure will consist of 11 new regions, bringing together the current six regional…
FS Insurance Brokers (FSIB), a B.C. insurance broker that has common ownership with a strata property management company, has won a limited injunction against a new rule proposed by the province’s broker regulator, pending judicial review of the new rule.…
TORONTO, ON, JULY 19, 2023/insPRESS/ – DKI Canada is pleased to continue its partnership with Ronald McDonald House Charities Canada. When 14-month-old Dan Fitzpatrick was diagnosed with Neuroblastoma, his family’s world turned upside down and they turned to Ronald McDonald…
Navacord has announced its acquisition of Belay Advisory, a benefits consulting and wealth advisory firm based in Alberta. This deal follows the burgeoning trend of P&C firms expanding their offerings into the financial services realm, in order to become a one-stop…
Canada’s fourth-largest brokerage, Navacord, took another step Wednesday in building what it calls “The Great Canadian Brokerage,” announcing an M&A deal with Mitchell McConnell Insurance Ltd. in New Brunswick. Mitchell McConnell Insurance, whose legacy dates to 1927, is headquartered in…
ONE Insurance and BSI Insurance are combining to form the largest Manitoba-owned brokerage network, serving the province through 28 branches in 26 different communities. The new company would bring together two of Manitoba’s oldest insurance brokers, with a total of…
Everest Insurance has appointed industry veteran Renato Rodrigues as president and CEO of Everest Insurance Company of Canada. Rodrigues will lead Everest Canada’s insurance business strategy, overseeing its underwriting, claims, operations and finance functions, Everest Insurance said in a press…
With McDougall Insurance Brokers now within the Definity fold, the brokerage has made a splash in the merger game, cutting a deal to acquire Alberta-based Drayden Insurance. McDougall announced it has entered into a definitive agreement to acquire 100% of…
Swiss Re Corporate Solutions has appointed James Gasco head of Canada for Swiss Re Corporate Solutions, effective Sept. 1, 2023. Gasco succeeds Adrian Hall, who moves to London to become Head UK, Ireland, South Africa, and EMEA Wholesale for Swiss…
Aviva Canada grew its overall property and casualty gross written premiums (GWP) by 9% in 2023 Q1, largely on the strength of rate increases, a benign catastrophe season, and despite the fact claims frequency is increasing to pre-pandemic levels. In…
NFP has acquired Rhodes & Williams Ltd. in a transaction that closed May 24, the company said in a press release. The move expands NFP’s Ontario presence “and increases its P&C capabilities and scale across personal risk and commercial lines,”…