Industry
REGINA – Saskatchewan’s latest financial report says drought, wildfires and the COVID-19 pandemic have heavily contributed to what is projected to be a record deficit. The mid-year report released Monday shows a deficit of $2.7 billion, an increase of $97 million from what was forecast in the 2021-22 budget released in April. The update says […]
By Jason Contant | December 2, 2021
2 min read
Enlisting digital transformation enthusiasts and starting with a keystone change are key to successfully implementing a digital transformation strategy, according to a new blog from Harvard Business Review. “The first thing that every transformation must confront is resistance,” said the blog, 4 Principles to Guide Your Digital Transformation, published Tuesday. “The status quo always has […]
By Jason Contant | December 1, 2021
3 min read
Ben Hunter joins QBE in January 2022 as director of Canada. Currently vice president, head of marine, energy, construction & risk services at Liberty Mutual Canada, Hunter’s also held leadership roles at Travelers Canada and Chubb Insurance. In a release, he noted QBE has “built a great reputation as a specialty commercial insurer, with considerable […]
By Phil | December 1, 2021
1 min read
Brokerage InsureLine Brokers Inc. has officially launched its new managing general agency (MGA) – InsureLine Solutions Inc. Available exclusively to InsureLine franchisees, “the intention is to help fill gaps in current coverages, and also identify lines of high-risk or niche market business where InsureLine already has volume among its group and to provide tailor-made coverages […]
As the Canadian sports industry emerges from COVID-19, advising your clients on the right risk management strategies is essential for the return to safe play, a Markel Canada executive suggests. For an industry that’s been one of the hardest hit by the pandemic, bouncing back quickly and safely from its devastating impacts has been critical, […]
December 1, 2021
All lines of insurance have challenges, but lately cyber’s been bringing brokers ever-changing complexities. “It’s really the new problem child in the insurance world,” said Kevin Neiles, president, western Canada & chief markets officer, with Gallagher, at a November Gallagher Talks webinar. “A rapidly increasing number of cyber liability incidences are causing a very cautious […]
By Phil | November 30, 2021
CHANNEL-PORT AUX BASQUES, N.L. – The mayor of a small town on the southwestern tip of Newfoundland says it’s time to have serious conversations about the impact of changing weather on communities like his, after another night of heavy rain. Brian Button said in an interview today that at times, the rain falling on Port […]
By Jason Contant | November 30, 2021
More P&C brokers than ever are recognizing long-term opportunities in what has become a hot employee benefits M&A market in Canada, a brokerage executive said. “The trend of P&C brokerages moving into the employee benefits space will continue to grow exponentially,” predicts Yan Charbonneau, president and CEO of Quebec-based Synex Group, a member of the […]
By Phil | November 29, 2021
A surprising reveal in Canadian Underwriter’s Trusted Advisor 2021 survey is that 23% of business client respondents said they’d contacted their broker to make a commercial claim over the past two years. That’s up from 20% in the 2020 survey. “Instinctually, I think those numbers are higher than they traditionally would be,” said Stephen Stewart […]
Starting Wednesday, The Dominion of Canada General Insurance Company will start applying the female rates to Nova Scotia auto clients who identify as Gender X. In a ruling released Nov. 19, the Nova Scotia Utility and Review Board approved The Dominion’s application to change its rates and risk-classification system for private passenger vehicles. At the […]
By Greg Meckbach | November 29, 2021
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