As the P&C workforce ages out of the industry and recruits leave for prospects in other sectors, the industry must better highlight the benefits that come with an insurance career. What exactly are those benefits? Compensation, professional development through financial assistance, flexible work schedules and employee well-being and health, speakers at the RIMS Canada Conference […]
By Alyssa DiSabatino | September 22, 2023
2 min read
Brokers may be at risk of unintentionally exposing client data or other proprietary information when they’re not working from the office. But with much of the industry doing hybrid or remote work — and showing reluctance to return to the office full-time — there are measures brokers can take to keep their data secure. Exposures When […]
By Alyssa DiSabatino | September 21, 2023
3 min read
The Centre for the Study of Insurance Operations (CSIO) has published an implementation guide to help insurers and vendors program JSON API Standards into their systems, providing faster data exchange between brokers and insurers. CSIO today published its JavaScript Object Notation [JSON] Application Programming Interface [API] Implementation Guide, designed to streamline the electronic flow of […]
By David Gambrill | September 18, 2023
2 min read
BrokerLink continues its growth in Atlantic Canada with the acquisition of Nova Scotia-based brokerage Roger E. Strum Limited. Headquartered in Windsor, N.S., Strum Insurance has offered professional guidance for home, auto, motorcycle, recreational vehicle, boat and business insurance for more than 80 years. The brokerage is a fourth-generation, family-owned business. “We’re excited to welcome [Strum […]
By Jason Contant | September 13, 2023
2 min read
Recent loss ratio data suggests the hard market in cyber insurance has plateaued. In part, that’s due to underwriters being more discriminating about which risks they select for coverage. “Insurance companies have rightsized their books. They know which clients they want, which clients they don’t want, and now they’re doubling down on the good clients,” […]
By Phil | September 11, 2023
2 min read
Quebec brokerages Fort Assurances and Gaudreau Assurances have merged to form what the two companies call one of the Top 10 damage insurance firms in the province. The new entity, which will operate under the name Fort Insurance & Group Benefits, combines a premium volume of $200 million, Fort Assurances said in a press release […]
By Jason Contant | September 11, 2023
2 min read
Westland Insurance Group and Hub International Ltd. have added to their property and casualty insurance offerings through recent M&A activity. Westland Insurance acquired Saskatchewan personal and commercial lines brokerage Insurance Matters Inc., while Hub International acquired Ontario-based cannabis insurance brokerage GJJK Inc. “This acquisition further solidifies Westland’s position as a prominent player in the Prairies […]
By Jason Contant | September 8, 2023
2 min read
Property and casualty broker NFP announced it will integrate its surety practice into its Construction & Infrastructure (C&I) group, which supports companies in the construction space. These changes impact operations worldwide, including Canada, NFP said. “Surety plays a vital role in our clients’ portfolios of risk management solutions,” said Henry Lombardi, executive vice president for […]
By Phil | September 7, 2023
2 min read
Auto theft lists are not consistent among insurers, potentially causing consumers to wonder why one auto insurer may view their car as a high-theft risk, while another may not. Car thefts across the country have skyrocketed, costing the P&C industry an estimated $1 billion in 2022. That’s led insurers to raise premiums and add surcharges […]
By Alyssa DiSabatino | September 6, 2023
3 min read
Mutual insurer group Collectivfide announced it has acquired a majority stake in R.E. Miner Insurance Brokers Limited. Formed in 2019, Collectivfide’s shareholders represent mutual insurance companies across Canada. The acquisition, announced Sept. 1, marked Collectivfide’s 10th overall. R.E. Miner is a full-service, independent brokerage serving the Comber area (about 40 kilometres East of Windsor, […]
By Alyssa DiSabatino | September 5, 2023
2 min read