Industry
Northbridge Financial President and CEO Silvy Wright has been elected to lead the Insurance Bureau of Canada’s board of directors, effectively immediately. IBC is in a unique position, Wright noted in a statement, as the industry faces an “unprecedented pace” of change with new challenges ahead. “These challenges span from…advancing the country’s preparedness for severe […]
By Adam Malik | June 25, 2019
2 min read
How much would you give up in annual pay for more meaningful work at your brokerage? A recent study of 1,500 Canadian office workers found that almost half of them would give up nearly $9,000 in an annual pay raise for work that is more meaningful and less mundane. “That’s a bold statement,” said Marc […]
By Jason Contant | June 24, 2019
3 min read
Fast, simple and personalized. Those are the demands being placed on Canadian carriers as they strive to meet customer expectations in a digital experience-driven world. It’s no longer enough to set your yardstick by how well (or badly) the competition is doing – but how consumers’ expectations of their transactional worlds are set in general. […]
By Jason Contant | June 20, 2019
5 min read
Four years from now, all of Wawanesa Mutual Insurance Company’s Winnipeg workers should be in a new office building. Wawanesa announced June 13 it will have a new North American headquarters at the southwest corner of Carlton Street and Graham Avenue, near Bell MTS place. Canada’s largest mutual property and casualty carrier, Wawanesa was founded […]
By Greg Meckbach | June 19, 2019
La Capitale General Insurance and LEDOR Assurances could combine if a plan announced Wednesday is approved by regulators. The two property and casualty insurers “have embarked on an initiative to amalgamate,” Quebec City-based La Capitale Insurance and Financial Services said in a release. LEDOR is a mutual based in Sainte-Claire, about 50 km south of […]
By Greg Meckbach | June 13, 2019
Anne Marie O’Donovan is taking over as chairwoman of Aviva Canada’s board of directors and its seven regulated subsidiaries – the first female to do so with the company. She has long been recognized as a leader, winning the Women in Capital Markets Leadership Award in 2014. That came one year after being named to […]
By Adam Malik | June 13, 2019
Mergers and acquisitions during a hard market are likely to play out differently depending on whether you’re looking at things as a broker or a carrier. On one side, a hard market may be the fuel to keep the fire burning, but it could be an extinguisher for the other. An executive panel discussion at […]
By Adam Malik | June 11, 2019
Jason Storah will become the new CEO of Aviva Canada on July 1, the company announced Friday. Colm Holmes, who took the helm as CEO of Aviva Canada in March 2018, will return to London, U.K., where he will assume a new role as CEO of General Insurance. “I am honoured to be taking on […]
By Jason Contant | June 7, 2019
So you want to change the way you do business. Great. But before you start turning things upside down, ask yourself five key questions to make sure you’re going to do it properly. Transforming business and the culture within it is a difficult thing to do, said Richard Natale, senior director analyst at research and […]
By Adam Malik | June 5, 2019
A $166-million deal aimed at getting CAA Insurance some new non-standard auto customers is a done deal. CAA Club Group’s acquisition of Echelon Insurance got final regulatory approval, Echelon Financial Holdings Inc. announced Thursday. The deal officially closed on May 31. “We will expand and deepen our relationships with brokers across Canada to continually enhance […]
By Greg Meckbach | May 31, 2019
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