Operations
Driving in the passing lane of the highway, your client sees in her rearview mirror an antenna pull up behind her. A horn blares. She pulls into the right lane, and an orange Lamborghini Aventador moves ahead, leaving her behind in its vapour trail. “That guy must be paying a fortune in insurance premiums,” your […]
By David Gambrill | September 1, 2020
3 min read
Aon plc’s proposed acquisition of Willis Towers Watson plc was approved Wednesday by both firms’ shareholders. The merger still requires approval from competition regulators in various jurisdictions (including Canada) plus the Irish High Court. Aon and Willis Towers Watson rank second and third respectively on A.M. Best Company’s list of the world’s-biggest commercial property and […]
By Greg Meckbach | August 26, 2020
2 min read
It is taking longer to get insurance placed through managing general agents because MGAs are getting more business in the hard market, one Ontario broker suggests. Many commercial accounts, which previously would have been handled by retail brokers, are now going to the MGA market, said Greg Robertson, president of R. Robertson Insurance Brokers Ltd., […]
By Greg Meckbach | August 25, 2020
The industry will be closer to finding out whether the second and third-biggest global P&C brokerages will merge after shareholders of both Willis Towers Watson plc and Aon plc vote on Wednesday. Aon and Willis announced this past March that their boards of directors are in favour of the acquisition by Aon, which has several […]
By Greg Meckbach | August 24, 2020
As businesses across the country continue their staged approach to reopening in the wake of the novel coronavirus pandemic, many brokerages are looking at what this “new normal” means for their company and staff. Some brokerages plan to reopen in September, some will allow staff to work remotely until the end of the year, while […]
By Jason Contant | August 20, 2020
Travel and entertainment spending could be down permanently for Marsh & McLennan Companies Inc., though it’s sure to rise again somewhat later this year, suggests CEO Dan Glaser. “I am not sure we will go running back to hopping on an airplane to go to Singapore for a $100,000 opportunity,” Glaser said during a conference […]
By Greg Meckbach | August 19, 2020
Intact CEO Charles Brindamour is assuring his competitors that they are not at a competitive disadvantage with Intact should they distribute their insurance through Intact Financial Corp.’s BrokerLink brokerage unit. “Our strategy is not to get the brokerage business to be an extension of the insurance company. Our strategy is to be the very best […]
By Greg Meckbach | August 17, 2020
4 min read
Tech
If regulators continue to prohibit auto insurers from imposing surcharges when they detect risky driving behaviour through telematics, it will be difficult for usage-based insurance to be commercially viable, an Aviva Canada data science expert suggests. “Telematics is a good way to offer competitive pricing to customers who drive safely and to low-mileage customers, especially […]
By Greg Meckbach | August 13, 2020
As schools across the country prepare for re-opening in September, skittish parents who are not in favour of in-class learning for their children are setting up so-called “pandemic pods” to home-school small groups of children in the home. But brokers are sounding the alarm that if parents hosting such pods in their home get sued […]
By David Gambrill | August 13, 2020
For large commercial brokerages, video conferences can work at least as well as in-person meetings when placing business for large accounts, if Aon PLC’s recent experience is any indication. “With the investment we have been making in technology, we are using video capability to actually get closer to clients and to get closer to market […]
By Greg Meckbach | August 12, 2020
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