HR
More risk managers need to find themselves at the highest levels of their companies. But positions in the C-suite aren’t going to just be given away, which is why certification is going to be a major focus for the new president of the Risk and Insurance Management Society (RIMS) over the next year. “We need […]
By Adam Malik | January 10, 2020
2 min read
Operations
NFP Corp. has been busy in the approximately two years since the U.S.-based brokerage acquired Dalton Timmis Insurance Group in 2017, its first Canadian P&C acquisition. Since that time, it has acquired a number of Canadian brokerages, including Mass Insurance Brokers Limited and Easyway Insurance Brokers Inc. (collectively known as Mass) in December 2018, PBL […]
By Jason Contant | January 9, 2020
3 min read
RIMS Canada got a pat on the back recently, as the Risk and Insurance Management Society (RIMS) looks to fortify its ranks around the world, according to the group’s 2020 president. Laura Langone spoke with Canadian Underwriter in her first interview since moving into the role on Jan. 1. She applauded the Canadian division of […]
By Adam Malik | January 8, 2020
Another day, another acquisition. McDougall Insurance and Financial has merged with Provenance Insurance Services Ltd., which operates as Knox Hutchison Insurance Services (North Bay), Municipal Insurance Services (North Bay) and Dynamic Insurance Brokers (Sudbury). Provenance will join with McDougall to form an independent broker with 36 offices in Ontario, more than 400 employees, and more […]
By Jason Contant | January 8, 2020
“The market for P&C brokerages and books of business is strong and will likely continue to be robust in the foreseeable future,” Mike Berris, partner and practice group leader with Smythe Advisory, predicted last August in the firm’s Property & Casualty Insurance Brokerage Report 2019. Just one week into 2020, it looks like that sentiment […]
By Jason Contant | January 7, 2020
Despite signs of hardening in certain reinsurance markets, and certainly in the primary market, general third-party liability treaties represents a silver lining in the cloud. “Many general third-party liability treaties are ancillary to traditional property treaties and have generally remained profitable for (re)insurers,” reinsurance broker Willis Re wrote in the Canadian casualty commentary section of […]
By Jason Contant | January 6, 2020
NFP, an insurance brokerage and consultant that provides property and casualty, employee benefits, retirement and individual solutions, recently announced leadership changes throughout Canada to support its rapid growth in the region. NFP has grown its Canadian team to 750 employees since entering the market in 2008, generating more than $140 million of revenue annually. It […]
Legal / Regulation
Brokers with cannabis clients need to keep an eye on the changing legal landscape and cannabis companies’ evolving needs, paying particular attention to directors’ and officers’ liability, a managing general agency told Canadian Underwriter recently. Recreational cannabis became legal in October 2018. This past October, products like edibles and cannabis-infused beverages were legalized, meaning brokers […]
By Jason Contant | January 3, 2020
Archway Insurance rang in the new year by announcing two new locations in southwestern New Brunswick following the acquisition of Groom Insurance Limited, effective Jan. 1, 2020. The latest addition brings the number of Archway locations to 32, with approximately 75,000 clients and $150 million in premium volume, the brokerage said in a press release […]
By Jason Contant | January 2, 2020
Jason Storah, President, CEO, Aviva Canada I find it quite interesting, intriguing and frustrating that auto insurance is so complex in this country. Why is an auto accident treated differently in Quebec, Ontario, B.C., or Alberta? It doesn’t make sense, because an accident is an accident regardless of which province in which you had it. […]
December 30, 2019
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