Operations
A bunch of Willis Towers Watson plc workers, who anticipated that their divisions were being sold to Arthur J. Gallagher & Co., will be staying with Willis Towers Watson after all. Rolling Meadows, Ill.-based Gallagher announced July 26 that a US$3.57-billion deal with Willis Towers Watson has been nixed. Both brokerages have a major presence […]
By Greg Meckbach | July 30, 2021
2 min read
Mid-sized brokers need to be careful in their approach to mergers-and-acquisition proposals but the abrupt cancellation of Aon’s $30-billion acquisition of Willis Towers Watson is not going to slow down deal-making within the brokerage sector, a Montreal-based insurance M&A expert suggests. Aon and Willis Towers Watson are, respectively, the second and third biggest commercial property […]
By Greg Meckbach | July 28, 2021
3 min read
As economies re-open with more people getting their COVID-19 vaccinations, corporate executives will put more thought into their decisions on whether or not employees travel, suggests the CEO of Marsh & McLennan Companies Inc. New York City-based Marsh & McLennan will gradually increase its travel and entertainment spending throughout the remainder of 2021, CEO Dan […]
By Greg Meckbach | July 27, 2021
Gore Mutual has gone live with technology that lets the carrier bind policies for brokers, in minutes in some cases. The Cambridge, Ont.-based property and casualty insurer “has completely changed the operating model for personal lines,” CEO Andy Taylor said last week in an interview with Canadian Underwriter. “In our prior model, which was a […]
By Greg Meckbach | July 26, 2021
Aon plc is no longer going to acquire Willis Towers Watson plc. Aon and Willis – the world’s second and third biggest commercial property and casualty brokerage respectively – are terminating their US$30-billion combination agreement, Aon announced Monday. The proposed agreement was originally announced in March of 2020. But on June 16, 2021, the U.S. […]
McFarlan Rowlands acquired Magenta in Ontario, a deal that expands its presence into the child care and youth services space.
By David Gambrill | July 22, 2021
Brokers can learn from the classic business parable, Who Moved My Cheese, by adapting to a changing office in the future.
By David Gambrill | July 21, 2021
4 min read
Legal / Regulation
The Alberta Insurance Council issued an $8,000 civil penalty to an auto dealer over its use of an insurer's internet quoting system
By David Gambrill | July 16, 2021
Underwriters are paying close attention to how privately-held companies will respond to the feds' phase-out of COVID relief benefits
By David Gambrill | July 9, 2021
Tech
With a large number of employees working from home during the pandemic, commercial clients need some way of assigning a risk score to the cyber exposure posed by their users, software applications, and hardware devices, a Canadian information technology security expert suggests. “In this day and age, many organizations are using SaaS [software as a […]
By Greg Meckbach | July 9, 2021
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