Operations
Marsh & McLennan Companies Inc.’s acquisition of London, England-based Jardine Lloyd Thompson Group plc is now complete, New York City-based Marsh & McLennan announced Monday. The deal – which could form the world’s largest commercial property and casualty brokerage – is valued at US$5.6 billion. The agreement, first announced in September, 2018, has been approved […]
By Greg Meckbach | April 1, 2019
2 min read
Archway Insurance, one of Atlantic Canada’s largest brokerages, has moved into Saint John, N.B. with the acquisition of Hall & Fairweather Insurance, effective Monday. The Hall & Fairweather office expands independent brokerage Archway’s footprint in New Brunswick and gives the brokerage the ability to provide local service to new and existing clients in Saint John […]
By Jason Contant | April 1, 2019
Offering consistency and going back to basics are just two of the ways Trisura Guarantee Insurance Company tries to stay one step ahead of the competition. Basic things like responding promptly to brokers’ inquiries can make a significant difference, suggested Richard Grant, senior vice president of specialty insurance solutions with Trisura. Underwriting consistency also plays […]
By Jason Contant | March 28, 2019
HR
Commercial insurance brokerage BFL Canada has announced the appointment of Norman M. Steinberg as vice chair. Steinberg was appointed to BFL’s board of directors in June of 2018. He was previously global chair of international law firm Norton Rose Fulbright. “His career has focused on M&A, corporate finance and corporate governance, and he has led […]
By Jason Contant | March 19, 2019
1 min read
Do insurers really care about a client’s balance sheet? A former lawyer who represented The Trump Organization recently suggested clients could get a good rate if the broker could be certain that the client could pay the premium. Brokers contacted for this story declined to comment publicly on whether there are insurance contracts in which […]
By Greg Meckbach | March 15, 2019
A Manitoba broker is out of pocket $1,000 for failing to review with his client a $1.4-million change to a client’s commercial property insurance policy. On Dec. 12, 2011, an insurer requested renewal instructions from Manitoba broker Horace Smaczylo, as noted in a decision recently posted by Manitoba’s broker regulator, the Insurance Council of Manitoba. […]
By David Gambrill | March 14, 2019
3 min read
A big name in Manitoba’s independent brokerage community, Peter Leipsic, is making a return to the scene as a senior partner at a new brokerage called Dimensions Insurance Management Inc. He was executive vice president at Horizon Insurance (the province’s largest independent brokerage at the time) when HUB International Ltd. acquired Horizon in 2012. In […]
By David Gambrill | March 13, 2019
If you run a brokerage in Ontario, Alberta or Atlantic Canada and there is no BrokerLink in your town, there soon could be. Intact Financial Corp.’s BrokerLink unit has closed seven brokerage acquisitions since Jan. 1, said Paul Meyer, BrokerLink’s head of acquisitions, in an interview Tuesday. “Over the last two years – not counting […]
By Greg Meckbach | March 12, 2019
Brokers looking to sell commercial coverage to small businesses need to keep it simple, fast and client-specific, industry professionals told Canadian Underwriter Thursday. Sometimes when buzzwords like artificial intelligence, blockchain and chatbots dominate the conversation, the cart comes before the horse when it comes to selling commercial insurance. “Sometimes people start with a solution and […]
By Jason Contant | March 9, 2019
EDMONTON – Drivers using Google Maps are getting a last-minute warning as they approach some photo radar camera locations. The feature, which is currently being rolled out by Google, allows users to see speed limits, speed cameras and mobile speed cameras on the map before they leave. It also gives a verbal warning – an […]
By Greg Meckbach | March 6, 2019
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