Lloyd’s Canada president and attorney-in-fact Marc Lipman has been appointed president of Lloyd’s Americas, effective Sept. 1. Lipman, former chief operating officer of AIG Canada, joined Lloyd’s Canada in June 2020. “Under his leadership, Lloyd’s Canadian business has been reinforced with a strong governance foundation, including a robust risk framework and the implementation of IFRS […]
By Jason Contant | April 22, 2024
3 min read
Getting the basics right can help an organization improve its cybersecurity posture, a former intelligence officer at the Canadian Security Intelligence Service (CSIS) said during an industry event Thursday. Three basic strategies — mitigate, separate and positive control — can help Canadian P&C organizations and their clients better protect themselves, said Andrew Kirsch, a cybersecurity […]
By Jason Contant | April 19, 2024
3 min read
Quebec brokerages PMA Assurances and PMT ROY Assurances et services financiers have merged under the name Ellipse Agence en assurance de dommages inc., creating what the firm is calling the province’s largest damage insurance agency distributing Intact Insurance products exclusively. PMT ROY said in a press release Monday the consolidation of the two authorized agencies […]
By Jason Contant | April 18, 2024
2 min read
BrokerLink aspires to increase its direct premiums written (DPW) by more than $1 billion over the next year-and-a-half. In 2023, BrokerLink surpassed $3.5 billion in DPW. “Our ambition is to be $5 billion by the end of 2025,” president Joe D’Annunzio tells Canadian Underwriter. “We’re on track to reach our objective and will continue working […]
By Jason Contant | April 16, 2024
3 min read
Three-quarters of brokers believe their organizations must address diversity to be a successful business. Yet, this number is waning — from 91% in 2022 to 84% in 2023, and to 75% in 2024, according to a recent Canadian Underwriter survey. CU‘s 2024 Brokerage DEI survey collected responses from 291 brokers and was made possible […]
By Alyssa DiSabatino | April 15, 2024
3 min read
Barbara Bellissimo is the new president and CEO of HSB Canada, part of Munich Re. She succeeds John Mulvihill, who retired after a 34-year-long tenure with HSB Canada. Bellissimo’s insurance career began in 1986. She’s since held multiple positions in the property and casualty insurance sector — including chief agent and senior president at State […]
By Alyssa DiSabatino | April 8, 2024
2 min read
Brokerage candidate shortages are one of the major drivers of M&A activity — but there’s still a way for small brokerages to compete in the talent war, one P&C recruitment expert tells CU. As competition for talent upticks across Canada, so does M&A activity, Stefan Rolfe, director of insurance at Impact Recruitment observes. According to Impact’s […]
By Alyssa DiSabatino | April 5, 2024
2 min read
Supporting an industry-wide effort to bring new talent into the Canadian property and casualty industry, the Insurance Institute of Canada today introduced its ‘Accelerated Competence Series,’ a program of five new learning modules for industry hires. “The Accelerated Competence Series will address the need to expedite the onboarding of new hires so they can function […]
By David Gambrill | April 4, 2024
3 min read
If your brokerage is looking to solve its labour retention problems, consider this: The more diverse a P&C brokerage’s leadership team is, the less likely staff are to consider leaving their jobs. So finds a Canadian Underwriter survey, asking P&C industry respondents which factors would cause them to leave their employers or consider other job […]
By Alyssa DiSabatino | March 28, 2024
3 min read
Quebec’s financial services regulator has announced strategic adjustments aimed at streamlining its organizational structure. “The main adjustments put forward will allow the organization to focus on its clientele and the quality of services provided to them,” the Autorité des marchés financiers (AMF) says in a Mar. 18 press release. “They will also increase the attention […]
By Jason Contant | March 22, 2024
2 min read