Operations
Before the pandemic, hard market conditions and the increasing digitization of brokerages were already reasons for some broker principals to ponder selling the business and moving on, but the novel coronavirus may have further accelerated the pace of M&A, says a BrokerLink executive. “There’s a lot of [mergers and acquisitions] activity in the market,” Paul […]
By David Gambrill | August 12, 2020
4 min read
BrokerLink announced Tuesday the closing of nine acquisitions to date for 2020, including the acquisition of brokerages in Alberta, Ontario, Nova Scotia and New Brunswick. BrokerLink, a subsidiary of Intact Financial Corporation, continues to look to the future to carry on with organic growth through acquisitions, BrokerLink’s president Joe D’Annunzio said in a statement about […]
By David Gambrill | August 11, 2020
3 min read
What happens when an agreement is breached due to COVID-19? Experts share their thoughts
August 9, 2020
5 min read
Peter Askew has been named president and CEO of the Canadian business of global reinsurance specialist Guy Carpenter & Company LLC, a business of Marsh & McLennan Companies. Effective immediately, Askew will be responsible for Guy Carpenter’s reinsurance broking activities in Canada, which includes both its Montreal and Toronto offices. He succeeds Donald Callahan, who […]
By David Gambrill | August 5, 2020
2 min read
Arthur J. Gallagher & Co. has acquired Edmonton, Alta.-based Insight Insurance & Risk Management Ltd., the official insurance brokerage of NHL hockey’s Edmonton Oilers. Founded in 2013 by CEO Alexis Harke, Insight is a retail insurance broker serving clients throughout Western Canada. It has a diverse client base, with particular expertise in serving the construction, […]
Canadian Underwriter asked brokers across the country to rate themselves as trusted advisors. While pride in their work during the pandemic was obvious, the survey results also suggested ways to enhance their value to consumers.
August 5, 2020
6 min read
Tech
Auto insurers could potentially use artificial intelligence to improve risk segmentation but some of the newer modelling techniques may not be a good fit with the way rates are currently regulated, a data science expert for one insurer suggests. Ontario’s Financial Services Regulatory Authority announced July 21 it is creating a Technical Advisory Committee for […]
By Greg Meckbach | August 4, 2020
The acquisition of Willis Towers Watson plc by Aon plc is on track to close in less than a year as Aon officials don’t seem concerned the deal will be blocked by competition regulators. “We are exactly on track with our original time period,” which is to close the deal during the first half of […]
Shortly after the World Health Organization declared the novel coronavirus to be a global pandemic, when Canadian P&C insurance industry employees first started to work from home remotely to avoid the spread of the virus, Canadian Underwriter asked brokers in a poll to describe acts of leadership or compassion they had witnessed. “One of our […]
By David Gambrill | July 30, 2020
Legal / Regulation
A former broker who has vowed never to return to the insurance industry has been ordered to pay a $5,000 civil fine for claiming to be a CE instructor when he had not in fact taught the course he claimed he had. Sean Ronson Nethercott was formerly a Level 2 general insurance broker and a […]
By David Gambrill | July 22, 2020
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