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Rail firm poorly audited before Canada disaster: Report

Published August 19, 2014 - 10:47am CST

(Reuters) — The Canadian government did not adequately audit the rail company at the center of last year’s Lac-Megantic oil-by-rail disaster in which 47 people died, the Transportation Safety Board of Canada said on Tuesday.

Allied World offers insurance for Canadian energy risks

By: Kate Shepherd

Published August 15, 2014 - 1:27pm CST

Allied World Assurance Co. Holdings A.G. has launched a property insurance line for energy risks in the Canadian market.

Allianz Global Corporate & Specialty offers cyber risk coverage for Canadian firms

By: Kate Shepherd

Published August 13, 2014 - 1:39pm CST

Allianz Global Corporate & Specialty S.E., a unit of Allianz S.E., has launched Allianz Cyber Protect to protect Canadian companies from the risk of data breaches and cyber crime.

Fairfax Financial, CEO probed over possible insider trading

Published August 01, 2014 - 1:12pm CST

(Reuters) — Quebec's securities regulator is investigating Fairfax Financial Holdings Ltd., its CEO and its president for possible illegal insider trading as well as tipping, or passing along sensitive information, Fairfax said.

Canada accuses Chinese of trying to hack government network

Published July 29, 2014 - 11:58am CST

(Reuters) — Canada on Tuesday took the unusual step of singling out Chinese hackers for attacking a key computer network and lodged a protest with Beijing, raising tensions at a time when Ottawa wants to boost oil sales to China.

Greenbrier says rapid phase-out of older oil-by-rail tank cars doable

Published July 24, 2014 - 10:02am CST

(Reuters) — A top U.S. railcar maker, The Greenbrier Companies Inc., said on Wednesday a two-year timeline to retire older railcars that carry dangerous flammable liquids, including North Dakota Bakken crude, is “aggressive” but can be done.

AIR updates earthquake risks model for Canada

By: Bill Kenealy

Published July 21, 2014 - 11:01am CST

Catastrophe risk modeling firm AIR Worldwide released an updated model for earthquakes in Canada on Monday.

Hub International buys Manitoba-based insurance agency

By: Joanne Wojcik

Published July 07, 2014 - 1:02pm CST

Hub International Ltd. on Monday said it has acquired the shares of Gibson's Insurance Agency Ltd., a Manitoba, Canada-based commercial insurance brokerage, expanding its reach into Canada.

Canadian insurance leaders chart efficient course in face of evolving risks

By: Matthew Lerner

Published July 06, 2014 - 6:00am CST

NIAGARA-ON-THE-LAKE, Ontario — Business should be good this year, according to a leading Canadian economist — as long as nature cooperates and political volatility remains moderate.

Insurers must prepare for disasters, respond efficiently to customers: Panel

By: Matthew Lerner

Published June 18, 2014 - 1:07pm CST

NIAGARA-ON-THE-LAKE, Ontario — Greater challenges are requiring even better disaster responses, while remaining engaged and involved can help retain business when disaster does strike, according to speakers at the Canadian Commercial Insurance Summit in Niagara-on-the-Lake, Ontario.

Economist sees recovery in worldwide economies

By: Matthew Lerner

Published June 17, 2014 - 3:09pm CST

NIAGARA-ON-THE-LAKE, Ontario — World economies are on a path to recovery after suffering through the global economic downturn, a speaker said Tuesday during the Canadian Commercial Insurance Summit.

Quebec seeks $377M from rail operator for Lac-Mégantic disaster

Published June 16, 2014 - 2:42pm CST

(Reuters) — The Quebec government said on Monday it was seeking some 409 million Canadian dollars ($377 million) from Montreal, Maine & Atlantic Railway Inc., the insolvent rail operator at the center of the rail disaster in the town of Lac Mégantic, Quebec, last year.

Canada probing fatal crashes amid complaints over faulty GM switches

Published May 27, 2014 - 11:21am CST

(Reuters) — Canada is probing two fatal crashes in General Motors Co. vehicles which were subject to a recall to fix faulty switches and has received nine further complaints from drivers, the country's top transportation official told Reuters on Monday.

Target Canada's supply chain gridlock: How Barbie SUVs snarled traffic

Published May 21, 2014 - 9:26am CST

(Reuters) — A Barbie-branded SUV that seats two toddlers offers a glimpse into the myriad problems that jammed up Target Corp.'s supply chain when it set up shop in Canada — and the challenges facing Target's new Canadian head.

Gallagher ending string of large foreign broker acquisitions: CEO

By: Mark A. Hofmann

Published May 20, 2014 - 10:51am CST

Arthur J. Gallagher & Co. has “kind of cleaned the cupboard” in terms of large-scale foreign acquisitions, according to Gallagher Chairman, President and CEO J. Patrick Gallagher Jr.

Arthur J. Gallagher to buy Canadian broker Noraxis for $388 million

By: Mark A. Hofmann

Published May 19, 2014 - 3:57pm CST

Arthur J. Gallagher & Co. has signed an agreement to acquire about 87% of Canadian broker Noraxis Capital Corp. for total consideration of about $388 million, Gallagher announced Monday.

Allied World launches Canadian property/casualty coverage

By: Kate Shepherd

Published May 13, 2014 - 4:36pm CST

Allied World Assurance Company Holdings A.G. has launched its initial property/casualty offering in the Canadian market.

AIG to pay $279,038 over Canadian subsidiaries selling Cuban coverage

By: Matthew Lerner

Published May 08, 2014 - 3:18pm CST

American International Group Inc., has agreed to pay $279,038 to settle charges that it violated sanctions against Cuba by selling policies that insured Cuban risks.

France to ban pigs and byproducts from N.America, Japan over virus

Published May 02, 2014 - 2:44pm CST

(Reuters) — France will ban imports of live pigs, pork-based byproducts and pig sperm from the United States, Canada, Mexico and Japan to protect against a virus that has killed millions of piglets in North America and Asia, a farm ministry official said on Friday.

Hub International acquires two agencies, book of broker business

By: Joanne Wojcik

Published May 02, 2014 - 12:06pm CST

Chicago-based middle-market insurance broker Hub International Ltd. has announced three acquisitions by its subsidiaries in New Mexico, Massachusetts and Canada.

New group CEO Gomes to focus on expanding BMS' Canadian reach

By: Kate Shepherd

Published April 28, 2014 - 12:16pm CST

BMS Group Ltd. has named Brian Gomes as CEO of BMS' Canadian operations.

Broadspire expanding TPA hubs in Americas, Asia-Pacific

By: Stephanie Goldberg

Published April 28, 2014 - 11:51am CST

Broadspire Services Inc. is establishing hubs in Australia, Canada, Hong Kong and Singapore, which the third-party administrator of Crawford & Company said Monday is to better serve its clients.

Reinsurers see rates declines, lower catastrophe losses: Report

By: Sarah Veysey

Published April 22, 2014 - 10:20am CST

Reinsurance rates continue to decline but reinsurers reported solid underwriting gains last year as catastrophe losses were significantly lower than average, according to a report published Tuesday by Fitch Ratings Ltd.

Canadian charged in 'Heartbleed' attack on tax agency

Published April 16, 2014 - 2:17pm CST

(Reuters) — Canadian police have arrested a 19-year-old man and charged him in connection with exploiting the "Heartbleed" bug to steal taxpayer data from a government website, the Royal Canadian Mounted Police said Wednesday.

Allied World opens Toronto office, names Gord Kerr as head

By: Kate Shepherd

Published April 16, 2014 - 9:58am CST

Allied World Assurance Co. Holdings A.G. has opened a branch office in Toronto, tapping Gord Kerr as senior vice president, chief agent and branch manager for the region.

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