A war for talent in Canada’s P&C insurance industry may be inadvertently causing collateral damage in smaller and mid-sized brokers, Traci Boland, Insurance Broker Association of Canada president, tells Canadian Underwriter. That said, their smaller size may allow them to pivot more easily when it comes to offering hybrid workplaces. In CU’s 2024 National Broker […]
By David Gambrill | March 19, 2024
3 min read
Senior-level underwriters in Canada may earn as much as $130,000 or more in yearly salary, new research by Impact Recruitment shows. The P&C recruitment agency’s 2024 Insurance Salary Guide details pay ranges for underwriters and their assistants and breaks down compensation per province and level of experience, though it may vary per firm. Although underwriters […]
By Alyssa DiSabatino | March 19, 2024
2 min read
With massive retirements on the horizon for the Canadian P&C insurance industry, one organization is taking a multi-faceted approach to address the ‘talent crisis.’ The McGannon Foundation is ‘laser-focused’ on promoting the risk management and insurance profession in Canada through unique and distinct scholarships and student involvement programs, board member Hobby Pardo tells Canadian Underwriter. […]
By Jason Contant | March 1, 2024
3 min read
Commercial insurance brokerage Navacord Corp. has completed its first transaction of the year with a partnership with Winnipeg-based Avant Insurance. Announced Wednesday, the deal with the personal and commercial lines brokerage was effective Feb. 1. Navacord said in a press release the transaction is a “pivotal step in [its] broader expansion plan within the province […]
By Jason Contant | February 29, 2024
2 min read
Hub International Ltd. has enhanced its personal, commercial and employee benefits services with the acquisition of Ontario brokerage Mitchell Sandham. Located in Oakville, Ont., Mitchell Sandham is one of the oldest and largest independently owned insurance brokerages in the Greater Toronto Area, Hub said in a press release Monday announcing the deal. The acquisition includes […]
By Jason Contant | February 12, 2024
2 min read
British Columbia-based brokerage AMC Insurance Services Ltd. is looking to expand outside its home province, the brokerage’s vice president told Canadian Underwriter recently. “We realized in our core business strategy that if we want to continue to be a provider in this space, that it was essential to be able to build upon what we […]
By Jason Contant | February 9, 2024
2 min read
Many thorny issues arising out of managing small teams can be handled professionally by remembering the core role of a manager, which is to help team members succeed, a Facebook leader told the HBR on Leadership podcast recently. Julie Zhou, author of the book The Making of a Manager, appeared on a Harvard Business Review […]
By David Gambrill | January 31, 2024
4 min read
Smaller brokerages in the Canadian P&C insurance space can benefit from sharing best practices and platforms with other brokerages while still remaining independent, said the president of a family-owned brokerage in Nova Scotia. Earlier this month, Halifax-based Keyes Insurance became a member of the Canadian Broker Network (CBN), a national alliance of independent insurance brokerages […]
By Jason Contant | January 23, 2024
3 min read
Given the uptick in return-to-office mandates since the height of the COVID-19 pandemic, it’s important for you to advocate for yourself as an employee who wants hybrid work, but also understand the needs of your employer if you face resistance, a new blog says. One key to negotiating a hybrid work schedule effectively is to […]
By Jason Contant | January 19, 2024
4 min read
P&C leaders may be able to bring staff back into the office without sacrificing the flexibility their employees want. In fact, the key to getting ‘return to office’ right is an organization’s ability to draw workers back to their desks, according to a recent episode of IdeaCast by Harvard Business Review. In the P&C industry, […]
By Alyssa DiSabatino | January 11, 2024
3 min read