Operations
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
3 min read
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
2 min read
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
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
What happens when an agreement is breached due to COVID-19? Experts share their thoughts
By CIP Society | 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
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.
By David Gambrill, Editor in Chief | August 5, 2020
6 min read
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