Industry
EDMONTON – Alberta and the federal government say another $400 million in funding is available to help clean up inactive oil and gas sites in the province. The money includes $100 million for clean up in Indigenous communities. The rest of the money is to go to oil and gas producers who paid for closure […]
By Jason Contant | February 16, 2021
1 min read
Property and casualty insurance industry employers need to work with staff to set clear expectations when it comes to setting up a working-from-home policy, says an insurer executive. Done correctly, P&C employers can see a boost in productivity and employee engagement as a result, said Heather Masterson, president and CEO of Travelers Canada. Offering remote […]
By Adam Malik | February 12, 2021
3 min read
In the midst of a hard market in several Canadian commercial insurance lines, several senior Canadian broker executives are urging underwriters not to substitute data and analytics entirely for their own good judgment about what constitutes a good or a bad risk. “The Canadian economy is dependent on certain industries,” president and CEO of Marsh […]
By David Gambrill | February 12, 2021
4 min read
HOPE, B.C. – Police say a crash that killed one person and injured dozens more east of Vancouver on Wednesday began with a semi-truck stopped in the S-curves on a mountainous highway that was covered in glare ice. The RCMP said Thursday that by the time an officer arrived, a pickup truck had collided with […]
By Jason Contant | February 12, 2021
2 min read
Brokers looking for growth opportunities should pay closer attention to the social media influencer market, an expert in the field recommends. It’s a multi-billion-dollar industry and has only continued its rapid rise during the pandemic, according to Meghan Argier, media and entertainment underwriter at Beazley Canada. And there are plenty of risks to which clients […]
By Adam Malik | February 11, 2021
More mergers and acquisitions (M&A) activity between managing general agencies (MGA) is likely in the future, since private equity is focusing on this sector, giving MGAs the fiscal tools to make acquisitions, the president and CEO of one MGA told Canadian Underwriter recently. M&A “will allow acquiring [and] merging players to grow their volumes and […]
By Jason Contant | February 11, 2021
OTTAWA – Complaints of workplace harassment and violence have risen sharply at several federal departments and agencies in recent years, according to internal data. The Canada Revenue Agency (CRA) saw harassment complaints jump 82 per cent to 166 between 2016-17 and 2018-19. The RCMP says it received 1,132 harassment complaints over a five-year period, with […]
Now that Intact Financial Corp.’s deal to acquire a large chunk of RSA plc has been approved by both the federal Competition Bureau and RSA shareholders, Toronto-based Intact expects the deal to close by July and has more than two dozen teams looking at various parts of RSA’s business. “We are working to ensure we […]
By Greg Meckbach | February 10, 2021
It’s nearly one year into the COVID-19 pandemic, and Canadian property and casualty insurance leaders likely aren’t in a joking mood. But a recent blog from Harvard Business Review suggests that would be helpful these days: shared laughter can improve work performance and accelerate a feeling of closeness and trust. “Now let’s acknowledge the elephant […]
By Jason Contant | February 10, 2021
Sensational news stories about racial injustice in 2020 have prompted Canadian P&C insurance brokerages to take a corporate stand against racism and promote diversity and inclusion within their ranks, brokerage leaders observed in a recent Canadian Underwriter webinar. Black Lives Matter protests in Canada and the United States dominated the news cycle during the pandemic […]
By David Gambrill | February 10, 2021
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