Operations
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
2 min read
Tech
With its recent acquisition of getClarity, Opta Information Intelligence is expanding into the area of customer and prospect behaviour. Opta is Canada’s largest property data aggregator and a provider of risk intelligence and loss control services. Its solutions include iClarify (commercial and residential property data), Fire Underwriters Survey (which provides fire insurance grades), and Inspection […]
By David Gambrill | February 14, 2019
3 min read
Cyber risk awareness is on the rise among corporate directors, who could face liability risk if they are accused of being lax on governance. “Corporate clients are more likely to be aware today, compared to a few years ago, of the personal liability risk of boards in the event of cyber breach or attack,” Brian […]
By Greg Meckbach | February 14, 2019
Merging with or buying digital firms, and cooperating with digital natives rather than trying to fight or resist them, can pay dividends for a majority of businesses, according to a blog published Tuesday by Harvard Business Review. The blog, 3 Digital Strategies for Companies That Have Fallen Behind, was written for businesses in general, but could apply […]
By Jason Contant | February 13, 2019
Legal / Regulation
Months after Canada’s mandatory data breach notification law came into effect on Nov. 1, 2018, the Office of the Superintendent of Financial Institutions (OSFI) is now providing guidance on when to report cyber incidents to the financial regulator. In an advisory for supervisors published in late January that will come into effect Mar. 31, OSFI […]
By Jason Contant | February 12, 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. […]
4 min read
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
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
Top 3 ways cyber insurance will come of age over the next six years
By Vishal Kundi, CEO and Co-Founder, Boxx Insurance | February 4, 2019
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