Industry
Slip-and-fall claims, sewer backup and a hard market pre-dating COVID-19 are among the reasons you may find it difficult to find coverage for clients in the hospitality sector, such as restaurants and bars. “A handful of insurance companies are still willing to write hospitality, but it’s really difficult, and prices have definitely gone up,” said […]
By Phil | March 15, 2022
2 min read
Calendar 2021 marked the first full year of positive mergers and acquisitions (M&A) performance for the world’s deal makers since 2016, said research compiled for WTW’s Quarterly Deal Performance Monitor. The research, conducted in partnership with the M&A Research Center at The Bayes Business School, examines completed deals valued at or above US$100 million. It […]
MONTREAL — Pilots say a Transport Canada backlog is holding up medical certification, leading to months-long delays before they can return to the skies. A significant number of pilots who have been deemed fit to fly by aviation medical examiners have been waiting a year or more to have Transport Canada greenlight their approvals, says […]
By Alyssa DiSabatino | March 14, 2022
4 min read
Theresa Teixeira, Chief Underwriting Officer, Travelers Canada “The industry has really evolved to a wonderfully warm and inviting place for women to realize their full potential, and is far more equipped to support varied family dynamics,” says Theresa Teixeira, chief underwriting officer at Travelers Canada. “I have three children – my youngest two were adopted […]
By David Gambrill | March 11, 2022
3 min read
Terri O’Brien, CEO, Équité Association Terri O’Brien worked 25 years in large financial institutions in the banking sector before joining the P&C insurance industry about a year ago as CEO of Équité Association. But, they’re really compatible. “The two sectors are essentially the same in their makeup of large financial institutions delivering financial products and services […]
Susan Gilbert, President-elect, Insurance Brokers Association of Manitoba Susan Gilbert, president-elect of Insurance Brokers Association of Manitoba, started off in marketing and finance and used the same skill sets to find her confidence and success in the world of property and casualty insurance. Early in her career, Gilbert worked in marketing positions in the finance […]
If your client has rented out part of their home, there’s nearly the same likelihood that they’ve told their insurer as not, according to a recent survey from RatesDotCa and BNN Bloomberg. The survey of 1,511 Canadians found that 42% of homeowners that rent out rooms or a floor in their homes (including basements) don’t […]
By Jason Contant | March 11, 2022
Canadian digital insurance broker and MGA Apollo entered a strategic partnership with Definity Financial Corp. It includes a distribution relationship between Apollo and Definity’s affiliate, Definity Insurance Company. Definity has agreed to complete an initial minority equity investment in the insurtech, and Apollo simultaneously announced a Series B financing with Definity Financial Corporation. “This transaction […]
By Phil | March 11, 2022
Police and small retailers are preparing for an increase in “gas-and-dash” thefts as gasoline prices across Canada soar following sanctions against Russia that have put the squeeze on global oil supply. The invasion of Ukraine just over two weeks ago has prompted some countries, including the United States, to ban imports of Russian oil or […]
Jody Lohr, President, Insurance Brokers Association of Alberta Jody Lohr, vice president of operations at Excel & Y, Lundgren & Young Insurance, applauds the industry for the progress it has made towards having more women in leadership positions. “Our industry has a strong voice in supporting diversity and inclusion policies,” Lohr says. “I’m a female […]
By David Gambrill | March 10, 2022
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