Industry

The latest province to approve Facility Association’s profit provision

Facility Association (FA) announced the Newfoundland and Labrador rate board has approved the use of a profit provision for members’ capital. It is the last province to do so, said FA President and CEO Saskia Matheson.   “FA member companies support the FARM [facility association residual market] and the guarantee of market availability through capital, […]

By Alyssa DiSabatino | March 15, 2022

2 min read

Hospitality’s hard market pre-dates the pandemic

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

Five factors driving M&A activity in 2022

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 […]

By Phil | March 15, 2022

2 min read

Bureaucratic backlogs delaying return to the cockpit, pilots say

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