Operations
If you think it’s a challenge to improve diversity at your brokerage, you should also view it as an opportunity, Ontario brokers heard Wednesday at the Insurance Brokers Association of Ontario convention. Many brokerages are family-operated, Gore Mutual chief people officer Sonia Boyle observed Wednesday during a panel at the IBAO Annual Convention. As a […]
By Greg Meckbach | October 22, 2021
3 min read
HR
If you think you have what it takes to lead Willis Towers Watson’s Canadian corporate risk and brokerage business, the job is open and it’s not too late to apply. “We’re currently interviewing,” said Ofelia Isabel, managing director, Toronto market leader and Canada co-leader for Dublin-based Willis Towers Watson PLC, the third biggest commercial property […]
By Greg Meckbach | October 14, 2021
4 min read
Collectivfide Insurance Group Inc. announced Oct. 1 it has acquired a majority stake in Brockville, Ont.-based brokerage W.C. Burgess Insurance Services Ltd. Formed in 2019, Cambridge, Ont.-based Collectivfide’s shareholders represent mutual insurance companies in Ontario and across Canada. Originally founded in 1988 as Brayton Insurance Services Ltd., W.C. Burgess was acquired in 2014 by Greg […]
By Greg Meckbach | October 4, 2021
2 min read
Tech
KPMG’s Chris Cornell says project management, system implementation, and accessing resources are the biggest challenges, as the start date of the new insurance accounting standard IFRS 17 approaches.
October 4, 2021
6 min read
BOXX Insurance Inc. is expanding to the United States and has hired a former CEO Latin America for RSA to lead that move from Miami, the Toronto-based managing general agent and Lloyd’s coverholder announced Friday. Cyberboxx is the brand BOXX Insurance uses to place cyber coverage through the Lloyd’s market or underwritten by Munich Re […]
By Greg Meckbach | October 1, 2021
Legal / Regulation
As the results from Monday’s federal election come in, your national industry association is promising to educate new members of parliament on why it’s important to keep banking and insurance in separate industry silos. “We congratulate Prime Minister [Justin] Trudeau on his re-election,” Insurance Brokers Association of Canada CEO Peter Braid told Canadian Underwriter Tuesday. […]
By Greg Meckbach | September 21, 2021
Canada has hundreds of new insurtech startups and some of them can help you give consumers the experience they have come to expect from other industries, speakers suggested during the 2021 A.M. Best Canada Insurance Market Briefing. “I think our industry is looking to insurtech to help us deliver our products to the customer in […]
By Greg Meckbach | September 20, 2021
Don’t be surprised if Intact Financial Corp. buys managing general agents in the United States who place commercial specialty insurance. “We think there is a big opportunity at the MGA level. We are still focused on that,” Intact CEO Charles Brindamour said Wednesday during the Scotiabank Financial Summit Conference. A year ago, Intact acquired Hoboken, […]
By Greg Meckbach | September 12, 2021
Brokers will probably not be directly affected by a Liberal election promise to raise corporate tax rates on insurance companies making over $1 billion a year in profits, the CEO of the national brokerage association suggests. As quoted by The Canadian Press, Prime Minister Justin Trudeau proposed Aug. 26 to raise the corporate income tax […]
By Greg Meckbach | August 31, 2021
The COVID-19 pandemic has forced Canadian property and casualty insurance brokerages to find new ways of marketing their brand through community events and sponsorships. “One of the challenges – particularly for small and mid-sized brokerages in Western Canada – has been that the number 1 marketing expense is community sponsorships,” said Derek Lothian, president & […]
By Greg Meckbach | August 27, 2021
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