HR
Technology upgrades at property and casualty insurance brokerages make the more attractive to consolidators and other buyers
By Phil Porado | December 2, 2022
3 min read
Operations
BFL Canada has appointed Lisa Giannone as president and chief operating officer, effective Jan. 1, 2023. She succeeds Barry Lorenzetti who founded BFL in 1987. After a 35-year tenure as president and CEO, Lorenzetti will continue to serve as CEO and chairman of BFL’s board of directors. “I am truly excited to have Lisa […]
By Alyssa DiSabatino | November 30, 2022
1 min read
Tech
New exclusions and strict requirements to obtain cyber insurance have dramatically improved the sophistication of underwriting processes.
By Jason Contant | November 29, 2022
Small or family-owned brokerages prioritizing digitization strategies will be in a better position to grow through a merger or acquisition, experts told Canadian Underwriter. But it may be easier said than done, given financial or resource constraints faced by many smaller brokerages. “On average, smaller brokers tend to be a little slower to adopt new […]
By Phil Porado | November 28, 2022
Definity is interested in both P&C brokerage and carrier acquisitions, the insurer’s president and CEO, Rowan Saunders, said.
By Jason Contant | November 28, 2022
OSSTF says it was the victim of a ransomware attack earlier this year that compromised members' personal information.
By The Canadian Press | November 24, 2022
The ongoing cyber hard market is seeing most insurers capping their risk appetite at $3-5 million worth of coverage, experts say.
By Alyssa DiSabatino | November 21, 2022
Insurance companies are looking for truck fleets to use telematics data to develop individual driver scorecard programs.
By David Gambrill | November 17, 2022
Employees were told during a 9 a.m. meeting, Pacific Time, according to the source, at which time the CEO spoke of a restructuring that would eliminate positions company-wide. The company acknowledged the staffing reductions (but did not confirm the 25% number) in a statement released Tuesday. “We have made some changes today to our team […]
By David Gambrill | November 16, 2022
2 min read
Insurers’ low risk policyholders may still experience premium increases amid the hard market, but there are measures clients can take to mitigate this, said Ilan Serman, regional president of Ontario at Gallagher during the Gallagher Talks session, Anatomy of the Canadian Insurance Market.
By Alyssa DiSabatino | November 16, 2022
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