Operations
Small or family-owned brokerages prioritizing digitization strategies will be in a better position to grow through a merger or acquisition, experts told Canadian Underwriter. But it may be easier said than done, given financial or resource constraints faced by many smaller brokerages. “On average, smaller brokers tend to be a little slower to adopt new […]
By Phil | November 28, 2022
3 min read
Definity is interested in both P&C brokerage and carrier acquisitions, the insurer’s president and CEO, Rowan Saunders, said.
By Jason Contant | November 28, 2022
The ongoing cyber hard market is seeing most insurers capping their risk appetite at $3-5 million worth of coverage, experts say.
By Alyssa DiSabatino | November 21, 2022
Insurance companies are looking for truck fleets to use telematics data to develop individual driver scorecard programs.
By David Gambrill | November 17, 2022
Employees were told during a 9 a.m. meeting, Pacific Time, according to the source, at which time the CEO spoke of a restructuring that would eliminate positions company-wide. The company acknowledged the staffing reductions (but did not confirm the 25% number) in a statement released Tuesday. “We have made some changes today to our team […]
By David Gambrill | November 16, 2022
2 min read
Insurers’ low risk policyholders may still experience premium increases amid the hard market, but there are measures clients can take to mitigate this, said Ilan Serman, regional president of Ontario at Gallagher during the Gallagher Talks session, Anatomy of the Canadian Insurance Market.
By Alyssa DiSabatino | November 16, 2022
Effective Jan. 1, 2023, Jamie Lyons will become president and CEO of Westland. Current CEO Jason Wubs will transition to a new role.
By Jason Contant | November 15, 2022
A lot of insurance clients are convinced they don't need cyber attack coverage, so here are five ways to overcome their objections
By Phil | November 14, 2022
HR
Older owners of property casualty insurance brokerages who are looking to sell out should consider these three options
By Phil | November 11, 2022
Legal / Regulation
Manitoba Public Insurance has five years to plan a switch from a registered driver model to a primary driver model for auto insurance pricing
By Alyssa DiSabatino | November 9, 2022
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