Canadian Underwriter

Topic Quebec

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The latest in brokerage deal-making

January 20, 2021 by Jason Contant

Brokerage NFP has expanded its property and casualty brokerage presence in Ontario with the acquisition of EdgeHill Insurance Brokers Ltd. The deal is the latest mergers and acquisitions news in the Canadian P&C space. Also in the news, Canadian Broker

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RCCAQ reacts to Quebec curfew

January 18, 2021 by Greg Meckbach

Quebec’s insurance brokers should not experience any major disruptions as a result of the province-wide evening curfew imposed a week ago, the chair of the Regroupement des cabinets de courtage d’assurance du Quebec (RCCAQ) predicts. The curfew took effect on

News AlbertaB.C.BrokersMergers and AqcuisitionsNova ScotiaOntarioOperationsQuebec

The role of digital transformation in Westland’s acquisition strategy

January 14, 2021 by Jason Contant

Expanded opportunities for digital transformation are one of the key reasons behind Westland Insurance Group Ltd.’s recent acquisition of Storm Insurance Group, Westland told Canadian Underwriter Tuesday. British Columbia-based Westland closed its acquisition of Storm Jan. 7. Storm operates under

News BrokersCommercialInsurersQuebec

Top 5 insurer expanding into Quebec commercial

January 13, 2021 by Greg Meckbach

Quebec brokers can now place commercial coverage with Wawanesa Mutual Insurance Company for policies starting Feb. 1. The Manitoba-based insurer announced Monday that it is offering commercial coverage in Quebec, making good on a promise made to the province’s brokers

News LegalLiabilityQuebec

Quebec long-term care residents threaten legal action to get second vaccine dose

January 8, 2021 by Morgan Lowrie - THE CANADIAN PRESS

MONTREAL – A group of seniors at one of the first long-term care homes in Quebec to receive COVID-19 vaccines have threatened to sue the provincial government if they don’t receive their second doses in the coming days. A formal

News B.C.BrokersCommercialMergers and AqcuisitionsNew BrunswickNova ScotiaOperationsPersonal AutoPersonal HomeQuebec

Brokerage M&A off to a strong start in 2021

January 7, 2021 by Jason Contant

Large Canadian brokerage Westland Insurance Group Ltd. now has a coast-to-coast presence with its acquisition of Storm Insurance Group, which has offices in Nova Scotia and Quebec. The deal, which closed Wednesday, is one of three acquisitions closed or announced

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Series of gaps allowed massive Desjardins data breach, privacy watchdog says

December 15, 2020 by Jim Bronskill - THE CANADIAN PRESS

OTTAWA – A series of technological and administrative gaps caused a high-profile data breach at Desjardins – the largest to date in the Canadian financial services sector, the federal privacy watchdog has found. Privacy commissioner Daniel Therrien said Monday that

News B.C.BrokersCommercialMergers and AqcuisitionsOntarioQuebecSaskatchewan

The latest M&A news from BFL, NFP and Hub

December 11, 2020 by Jason Contant

A year-and-a-half after large commercial brokerage BFL Canada acquired Summit Insurance Brokers, the smaller British Columbia-based brokerage has officially been rebranded to BFL Canada Insurance Services Inc. “As of now, all the operations led in Central and Northern British Columbia

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How Ottawa is trying to lower earthquake related property losses

December 7, 2020 by Greg Meckbach

Natural Resources Canada is hoping to help insurers cut their loss costs with a yet-to-be released earthquake early warning system. The warning system could provide seconds to tens of seconds of warning before a location is affected by strong shaking,

News CommercialEducationHRInsurersLegalManagementMergers and AqcuisitionsOperationsQuebecTechnology

Who is funding many of these insurance mergers

December 4, 2020 by Greg Meckbach

The industry continues to consolidate and pension funds are one major source of capital for insurers, a Montreal-based merger and acquisition expert observes. “One or two notable [carrier M&A] transactions per year has slowly transformed the Canadian landscape, including the

News InsurersMergers and AqcuisitionsQuebec

How La Capitale and SSQ came up with its post-merger brand name

December 3, 2020 by Greg Meckbach

La Capitale and SSQ Insurance, two Quebec-based mutuals that merged this past July, announced Thursday they plan to go to market as Beneva. “Beneva is an invented word. You won’t find it any dictionary,” said Jean-François Chalifoux, CEO of La

News ClaimsClaims Canada ArchiveCommercialCyberLegalPropertyQuebecRisk ManagersTechnology

$5-million cyber claim for phishing scam heads to top court

November 30, 2020 by Greg Meckbach

A $5-million coverage dispute with The Co-operators that arose from a phishing attack is headed to the Supreme Court of Canada. Canada’s top court is booked Dec. 7 to hear arguments in Co-operators General Insurance Company v. Sollio Groupe Coopératif.