We’ve all seen stories about AI and what programs like ChatGPT will mean for the future of work. The general consensus – for now at least – is that it won’t replace insurance brokers. But as this technology becomes more powerful and sophisticated, what if it actually replaces a huge part of what brokers do […]
By Phil | August 31, 2023
3 min read
BrokerLink in Alberta got some unwanted regulatory attention after failing to inform a client about a rollover agreement the brokerage had made with a new insurer on behalf of a farm insurance client. As is common in P&C insurance, when a brokerage terminates a contract with an insurer, it enters into a “rollover agreement” with […]
By David Gambrill | August 28, 2023
4 min read
A B.C. broker, his brokerage, and the brokerage’s representative nominee were collectively fined $7,500 for a procedural mix-up that left a client unknowingly without a policy in force for a year. The broker, Amrit Singh Sidhu, received a $5,000 fine for his role in the matter. In Amrit Singh Sidhu, Daljit Singh Sidhu and S&S […]
By David Gambrill | August 22, 2023
4 min read
Frustrated at losing a deal in a competitive marketplace? Don’t take it out on the client, B.C.’s broker regulator has warned. A B.C. broker received a reprimand from the Insurance Council of B.C. for sending an angry letter to a client after the client rejected the broker’s quote for strata insurance. The broker was also […]
By David Gambrill | August 18, 2023
4 min read
Navacord Corp. has announced the acquisition of Condominium Insurance Solutions (CIS), provider of one of the largest condo insurance programs in Ontario. Based in Markham, Ont., CIS’s offerings are tailored to meet the needs of the Condominium Act of Ontario to their clientele of condo corporations. Toronto-based Navacord announced the acquisition is effective July 1. […]
By Jason Contant | August 16, 2023
3 min read
Summertime M&A has not been slowing down for BrokerLink and Westland Insurance who have respectively completed three and two more deals in August. For BrokerLink, the three latest deals account for a total of twelve in 2023 thus far, focused in Ontario, Alberta and Canada’s Atlantic region. For Westland, the two deals contribute to its […]
By Alyssa DiSabatino | August 9, 2023
3 min read
WTW has appointed Allison Bryce as its national practice leader of personal lines for Canada. Bryce will be based in WTW’s Toronto office and will focus on deepening and expanding client relationships across the Canadian market, WTW said in an Aug. 2 press release. She brings more than 20 years of experience as an executive […]
By Jason Contant | August 4, 2023
2 min read
Hub International has acquired British Columbia-based Golden Ears Insurance Services Ltd. The acquisition will position the global insurance brokerage to build out its specialty lines, a Hub executive told Canadian Underwriter in a statement. “Golden Ears fits well with Hub’s M&A strategy as they have a niche focus in commercial transportation business which aligns with […]
By Alyssa DiSabatino | August 3, 2023
2 min read
Acera Insurance Services Ltd. is merging with Prizm Financial Inc. to expand its benefits division. The deal follows an ongoing trend of P&C firms expanding their offerings into the financial services realm by becoming one-stop shop for their commercial and personal clients. In buying benefits firms, P&C brokerages are capitalizing on the steady retirement of […]
By Alyssa DiSabatino | July 31, 2023
1 min read
Navacord Corp. is growing its travel insurance business, recently announcing the appointment of a newly created executive role for the sector and the acquisition of brokerage known for its Canadian snowbird clients. Last week, Navacord appointed Melanie Muise to the newly created role of president, personal & travel insurance, effective Aug. 1. Days later, on […]
By Jason Contant | July 31, 2023
3 min read