Operations
As business leaders await an easing of pandemic lockdown restrictions, Aon Plc executives suggest that, going forward, they plan to apply the lessons they’ve learned during COVID-19 regarding collaboration. “We are going to be smart about how we do [travel and entertainment] in the future, as business opens up to in-person meetings,” Aon president Eric […]
By Greg Meckbach | May 11, 2021
2 min read
The hard market in commercial lines has caused some managing general agents to lose some products, yet more insurance is still being placed through MGAs, panelists told brokers listening to a recent webinar. “I think it’s a perfect way for insurance companies to put back capital into the marketplace … without having to invest in […]
By Greg Meckbach | May 10, 2021
By acquiring managing general agents, Intact Financial Corp. gets a new stream of revenue and an opportunity to grow its commercial specialty business, says the leader of Intact’s MGA operations. When Intact acquired The Guarantee Company of North America from Princeton Holdings in 2019, Princeton also sold MGA Frank Cowan Company to Intact. This past […]
By Greg Meckbach | April 30, 2021
Intact Financial Corp. is changing the brand name of Frank Cowan Company, the managing general agent it acquired in 2019 from Princeton Holdings. The MGA will be known as Intact Public Entities Inc. “The MGA distribution channel presents a strategic opportunity for Intact to deliver on its promise to build a leading North American specialty […]
By Greg Meckbach | April 28, 2021
This year’s federal budget could keep the restrictions, on banks selling home and auto insurance, for at least another four years. “There was an unexpected positive development in the budget for us,” Peter Braid, CEO of the Insurance Brokers Association of Canada, told Canadian Underwriter Wednesday. “The federal government has signaled in the budget that […]
By Greg Meckbach | April 23, 2021
3 min read
Search engine optimization (SEO), electronic transactions, and contracts with carriers insuring small to mid-sized enterprises (SMEs) are among the capabilities that made the Breckles Group of Companies attractive to Highcourt Partners. The merger of those two Canadian brokerages, resulting in the formation of the Highcourt Breckles Group, was announced this past Tuesday. The combined firm […]
By Greg Meckbach | April 15, 2021
Auto insurance has introduced pay-as-you-go options for personal clients, but in the era of business shutdowns to prevent the spread of COVID-19, it seems as though commercial lines could use a similar option as well. Brokers in a LinkedIn thread recently discussed the conundrum facing their business clients when they purchase insurance for a year […]
By David Gambrill | April 14, 2021
Navacord has built up a sizeable war chest to fund future mergers and acquisitions. The Toronto-based group of brokerages recently completed $1.05 billion in financing, a portion of which is to be used to take advantage of unspecified “M&A opportunities,” the brokerage announced Mar. 30. “Navacord will use the proceeds from new first and second […]
By Greg Meckbach | April 6, 2021
At least one insurer plans to offer an application programming interface (API) intended to help brokers quote and bind coverage for small businesses without the aggravation of having to log into different insurer portals or send emails or faxes. Unica Insurance is working on an API to quote and bind small business for the reusable […]
By Greg Meckbach | March 22, 2021
To increase female representation in the C-suite, the property and casualty insurance industry needs to make it easier to balance home responsibilities and up its game in promoting insurance as a career for young people, a Nova Scotia broker suggests. “We tend to feel most comfortable with and promote people like us,” said Gina McFetridge, […]
By Greg Meckbach | March 11, 2021
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