Operations
As tension continues to rise in the Middle East, brokers might want to start asking clients questions about travel plans – if they aren’t already. “After recent events in Iran and Iraq, Burns & Wilcox has been getting questions from brokers looking to offer war/terrorism risk insurance for clients travelling to areas at high risk […]
By Greg Meckbach | January 14, 2020
3 min read
With the wind-down of Ontario’s limited Out-of-Country Travellers Program now official, brokers in the province who sell travel insurance have a golden opportunity to make sure their snowbird and other travelling clients are properly covered for trips. “It is certainly an opportunity for brokers to cross-sell to some of their existing book at renewal time,” […]
By David Gambrill | January 13, 2020
4 min read
Tech
As society becomes more accustomed to paying its bills using modern electronic methods, how should brokers respond? “For the new consumer, they are so used to paying in many many different ways. We should be allowing customers to engage on their terms. Not on our terms,” said Danish Yusuf, co-founder and CEO of commercial brokerage […]
By Greg Meckbach | January 13, 2020
2 min read
NFP Corp. has concentrated almost exclusively in Ontario since it first entered into the Canadian property and casualty insurance space about two years ago, but expect that to change in the future. NFP is looking to have “a bigger presence out west, a good presence in Quebec and to move out to the east coast […]
By Jason Contant | January 10, 2020
HR
More risk managers need to find themselves at the highest levels of their companies. But positions in the C-suite aren’t going to just be given away, which is why certification is going to be a major focus for the new president of the Risk and Insurance Management Society (RIMS) over the next year. “We need […]
By Adam Malik | January 10, 2020
NFP Corp. has been busy in the approximately two years since the U.S.-based brokerage acquired Dalton Timmis Insurance Group in 2017, its first Canadian P&C acquisition. Since that time, it has acquired a number of Canadian brokerages, including Mass Insurance Brokers Limited and Easyway Insurance Brokers Inc. (collectively known as Mass) in December 2018, PBL […]
By Jason Contant | January 9, 2020
RIMS Canada got a pat on the back recently, as the Risk and Insurance Management Society (RIMS) looks to fortify its ranks around the world, according to the group’s 2020 president. Laura Langone spoke with Canadian Underwriter in her first interview since moving into the role on Jan. 1. She applauded the Canadian division of […]
By Adam Malik | January 8, 2020
Another day, another acquisition. McDougall Insurance and Financial has merged with Provenance Insurance Services Ltd., which operates as Knox Hutchison Insurance Services (North Bay), Municipal Insurance Services (North Bay) and Dynamic Insurance Brokers (Sudbury). Provenance will join with McDougall to form an independent broker with 36 offices in Ontario, more than 400 employees, and more […]
By Jason Contant | January 8, 2020
“The market for P&C brokerages and books of business is strong and will likely continue to be robust in the foreseeable future,” Mike Berris, partner and practice group leader with Smythe Advisory, predicted last August in the firm’s Property & Casualty Insurance Brokerage Report 2019. Just one week into 2020, it looks like that sentiment […]
By Jason Contant | January 7, 2020
Despite signs of hardening in certain reinsurance markets, and certainly in the primary market, general third-party liability treaties represents a silver lining in the cloud. “Many general third-party liability treaties are ancillary to traditional property treaties and have generally remained profitable for (re)insurers,” reinsurance broker Willis Re wrote in the Canadian casualty commentary section of […]
By Jason Contant | January 6, 2020
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