Industry

This is how hard the Lloyd’s market has become

Insurance rates on renewal are up nearly 4% in the Lloyd’s market, which has returned to profitability. “While market conditions generally remain at historically competitive levels, price increases have been witnessed across all major lines, most notably in property and aviation,” the Corporation of Lloyd’s said in its financial report for the first six months […]

By Greg Meckbach | September 19, 2019

2 min read

What’s driving the brokerage acquisition trend

Now is a good time for brokerages to sell their businesses and in some cases, the buyers come from outside the industry, speakers told insurance professionals at the recent A.M. Best briefing. “If I was in the [P&C] business I would love to be acquired by Intact, Aviva or RSA,” said Ron Stokes, EY Canada’s […]

By Greg Meckbach | September 17, 2019

2 min read

Insurtechs ‘hitting this wall called regulation’

Despite the hoopla over insurtech, the Amazon model of commerce is not about to replace the broker any time soon, analysts with A.M. Best Company Inc. told Canadian insurance professionals. “A lot of what these insurtech companies are getting to realize is that they hit this wall called regulation. They have never heard of it […]

By Greg Meckbach | September 16, 2019

3 min read

Judge in Calgary drunk driving case worried about attitude to impaired driving

CALGARY – A Calgary judge who has ordered a lengthy prison term for a woman convicted in a drunk-driving crash that killed a young man says Canadians are not getting the message about the dangers of driving impaired. Court of Queen’s Bench Justice Keith Yamauchi made the comment Thursday when he sentenced Jaylene Lagrelle to […]

By Greg Meckbach | September 16, 2019

2 min read