Operations
Arthur J. Gallagher & Co. announced Monday it has agreed to buy the global aerospace operations of Jardine Lloyd Thompson Group plc. If the deal goes through, about 250 JLT employees worldwide would join Gallagher. Monday’s announcement comes six months after Marsh & McLennan Companies Inc. announced it agreed to acquire JLT, a global commercial […]
By Greg Meckbach | March 4, 2019
2 min read
Wawanesa Mutual Insurance Company made a bold move last year, forsaking the direct channel to sell exclusively through brokers. Carol Jardine, president of Wawanesa’s Canadian P&C operations, shares her assessment of how the strategy has worked so far.
March 2, 2019
4 min read
The percentage of adults 25 and older who live with parents has nearly doubled over the past generation, Statistics Canada reported last week. In 1995, 5% of Canadians aged 25 to 64 (about 900,000 people) shared a residence with one or more of their parents. In 2017, that figure was 9%, or 1.9 million people, […]
By Greg Meckbach | February 20, 2019
3 min read
NFP Corp., a global insurance brokerage and consultant, has acquired Ontario-based property and casualty brokers Mass Insurance Brokers Limited and Easyway Insurance Brokers Inc (collectively known as Mass). Terms of the deal were not disclosed. NFP announced the deal, which closed last December, in a press release Tuesday. Mass is based in Markham, with additional […]
By David Gambrill | February 20, 2019
EDITOR’S NOTE: The story has been corrected to show that FICOM’s position before the Financial Services Tribunal was that the financial penalties were deemed to be insufficient to deter brokers from misrepresenting facts. A previous version incorrectly stated that FICOM’s position was that the financial penalties were too harsh. Also, Insurance Council of B.C. has […]
By David Gambrill | February 19, 2019
Archway Insurance, one of Atlantic Canada’s largest brokerages, has announced the acquisition of family brokerage George Mitchell Insurance in Liverpool, N.S. Amherst, N.S.-headquartered Archway announced the acquisition Thursday. Effective Feb. 28, 2019, Archway’s latest acquisition brings its number of locations to 24, with approximately 57,000 clients and $115 million in premium volume. Some of Archway’s […]
By Jason Contant | February 15, 2019
Hub International Ltd. has bought another Canadian employee benefits operation. Chicago-based Hub announced Tuesday it has acquired the assets of Toronto-based Firstbrook Pointon Benefits Incorporated. Tuesday’s announcement comes a month after Hub acquired Vancouver-based TRG Group Benefits and Pensions Inc. Firstbrook Pointon Benefits is part of the Firstbrook Group of Companies, which is also comprised of […]
By Greg Meckbach | February 12, 2019
CALGARY – Canada’s transport minister has ordered the use of handbrakes on all trains stopped on mountain slopes following a deadly derailment earlier this week in the Rocky Mountains. Marc Garneau said in a statement late Friday that the order is a precaution until the cause of the derailment is determined. It takes effect immediately. […]
Intact Financial Corp. is not ruling out the possibility of buying a commercial brokerage or managing general agent in the United States. “We are doing a lot of work to understand the opportunities in distribution in the U.S. and will be open to deploy capital,” Intact CEO Charles Brindamour said Tuesday during a conference call […]
By Greg Meckbach | February 8, 2019
Legal / Regulation
A Manitoba broker landed in hot water after filling in for a vacationing colleague whose commercial client wound up without business interruption coverage. Broker John C. McDonald was fined $250 for his role in the coverage mix-up. When McDonald’s work colleague first explained to the client how business interruption works, the client declined the coverage […]
By David Gambrill | February 5, 2019
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