Industry
Anne Marie O’Donovan is taking over as chairwoman of Aviva Canada’s board of directors and its seven regulated subsidiaries – the first female to do so with the company. She has long been recognized as a leader, winning the Women in Capital Markets Leadership Award in 2014. That came one year after being named to […]
By Adam Malik | June 13, 2019
2 min read
Mergers and acquisitions during a hard market are likely to play out differently depending on whether you’re looking at things as a broker or a carrier. On one side, a hard market may be the fuel to keep the fire burning, but it could be an extinguisher for the other. An executive panel discussion at […]
By Adam Malik | June 11, 2019
3 min read
Jason Storah will become the new CEO of Aviva Canada on July 1, the company announced Friday. Colm Holmes, who took the helm as CEO of Aviva Canada in March 2018, will return to London, U.K., where he will assume a new role as CEO of General Insurance. “I am honoured to be taking on […]
By Jason Contant | June 7, 2019
So you want to change the way you do business. Great. But before you start turning things upside down, ask yourself five key questions to make sure you’re going to do it properly. Transforming business and the culture within it is a difficult thing to do, said Richard Natale, senior director analyst at research and […]
By Adam Malik | June 5, 2019
A $166-million deal aimed at getting CAA Insurance some new non-standard auto customers is a done deal. CAA Club Group’s acquisition of Echelon Insurance got final regulatory approval, Echelon Financial Holdings Inc. announced Thursday. The deal officially closed on May 31. “We will expand and deepen our relationships with brokers across Canada to continually enhance […]
By Greg Meckbach | May 31, 2019
The Canadian Institute of Actuaries (CIA) wants to talk about delaying the traditional retirement age to beyond 65. Many are already choosing to work beyond age 65 anyway, said John Dark, CIA president. “It makes sense to update our country’s retirement income programs to reflect this fact.” There are also concerns around worker shortages and […]
By Adam Malik | May 30, 2019
Calls to end a provincial stranglehold on auto insurance are growing as business groups, municipalities and the Insurance Bureau of Canada (IBC) have taken up the cause. ICBC, on the other hand, is saying the high claims costs the public insurer is experiencing is not particular to any particular business model, private or public. The […]
By Adam Malik | May 28, 2019
Paul Meinschenk has joined managing general agency (MGA) Totten Insurance Group as chief operating officer and executive vice president, effective May 31. With 18 years of experience in the insurance industry, Meinschenk was mostly recently vice president of sales and producer management for insurer CNA Canada. A graduate of London, Ont.-based Western University in Ontario, […]
By Jason Contant | May 28, 2019
1 min read
Consumers are experiencing innovation when it comes to buying cars, clothes, music and more. So when it comes to insurance, they’re expecting the same types of experiences. But they’re not entirely getting it. Ontario consumers can buy car insurance online. They can renew it, too. It’s just like doing many other transactions online. But then […]
By Adam Malik | May 24, 2019
David Bonham, chief financial officer of Fairfax Financial Holdings Ltd., died suddenly this past weekend, the Toronto-based company announced Tuesday. Fairfax is the corporate owner of Northbridge Insurance and several international property and casualty insurers, including OdysseyRe, Brit PLC, Allied World and Crum & Forster. “Dave was incredibly bright and disciplined as our CFO, and […]
By Greg Meckbach | May 21, 2019
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