The specialized nature of commercial brokering is causing a talent shortage now that veterans are retiring in droves. “I literally get three or four different companies a week that ask for talent, and it’s amplified across the industry,” said John McNeil professor and insurance program coordinator at Humber College. A lot of people are retiring, […]
By Phil | January 18, 2023
3 min read
Industry veteran Doug Morrow has joined Westland Insurance as its new vice president of commercial insurance for Alberta, the brokerage announced earlier this week. Most recently president and CEO of Excel Insurance Group, Morrow joined Westland as vice president, commercial – Alberta following Westland’s acquisition of Edmonton-based RiskTech Insurance Services, effective Jan. 1. RiskTech delivers […]
By Jason Contant | January 13, 2023
2 min read
Companies looking at the benefits of setting up an Alberta captive insurance company appear to be taking a ‘wait-and-see approach’ with respect to tax treatment. At the moment, the province’s tax authorities have indicated captives will be treated the same as other insurance entities with respect to premium tax rates – which is different than […]
By Phil | January 12, 2023
2 min read
Jean-Pierre (J.P.) Galipeault is now president of Arch Insurance Canada. Galipeault will also be keeping his title of chief regional executive. He joined Arch’s Warranty and Lender Solutions group in 2013, when he held the role of vice president of specialty consumer programs. He then assumed the role of chief regional executive in 2019. […]
By Alyssa DiSabatino | January 10, 2023
1 min read
Westland Insurance Group and BrokerLink ended 2022 with a bang, closing several merger and acquisition deals in December and bringing combined yearly transactions to more than 50 acquisitions. Westland announced in December the acquisition of Nova Scotia-based Gateway Insurance Group and Ontario-based Hutcheson, Reynolds & Caswell Insurance, for a total of 28 acquisitions in 2022. […]
By Jason Contant | January 9, 2023
2 min read
Just over a quarter (27%) of Canadian consumers are very or somewhat interested in purchasing car insurance directly from their manufacturers, a recent Deloitte survey found. When asked what they saw as the primary benefits, almost half (47%) of interested respondents believed they would save costs over their current insurance providers by buying directly from […]
By Alyssa DiSabatino | January 6, 2023
2 min read
A new year, a new name. Swiss Re Corporate Solutions received regulatory approval from the Office of the Superintendent of Financial Institutions (OSFI) to establish a Canadian branch of Swiss Re Corporate Solutions America Insurance Corporation (SRCSAIC). The new branch became operational on Jan. 1, 2023. The change transfers existing operations of the Canadian branch […]
By Phil | January 3, 2023
1 min read
Shelley Willick, president, CEO, Sandbox Mutual Insurance Continued investment in technology and more diverse product offerings will be critical to meeting consumers’ shifting expectations. The pandemic changed the way people choose to spend their time. Consequently, policyholders are demanding simple, seamless and positive interactions with their insurers. This means insurers will be concentrating on the […]
By Phil | December 29, 2022
2 min read
Rob Wesseling, president, CEO, Co-operators Insurance affordability and access to adequate protection will continue to be a critical issue in 2023, as climate change impacts increase in frequency and severity. We need to have a critical conversation in Canada and globally about the need to build more resilient communities. We need to ensure we have […]
By Phil | December 29, 2022
2 min read
Jason Storah, CEO, Aviva Canada Climate change is a serious threat for the property and casualty insurance industry because it is a serious threat facing homeowners and business owners who live in vulnerable areas. As an industry, we see the impact of climate change on Canadians every day, so I can’t emphasize the threat enough. It’s easy to […]
By Phil | December 29, 2022
2 min read