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Ed launches global cyber academy

November 4, 2016 by Canadian Underwriter

Ed, the global reinsurance, wholesale and specialty broker, announced on Friday the launch of what it is calling the insurance industry’s first global cyber academy. The Ed Cyber Academy, which will be led by Peter Hacker, the company’s group chief innovation officer,

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Ontario-based MGAs Excess Underwriting and Towerhill Insurance Underwriters merge

November 3, 2016 by Canadian Underwriter

Excess Underwriting and Towerhill Insurance Underwriters Inc., both coverholders at Lloyd’s, announced on Thursday that they have merged effective Nov. 1. The companies will serve their broker partners as Excess Underwriting operated by Towerhill Insurance Underwriters Inc., said a joint

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News InsuranceProfessional Development

The Insurance Institute of Canada elects Intact Insurance president Jean-François Blais as chair of board of governors

November 3, 2016 by Canadian Underwriter

The Insurance Institute of Canada (IIC) has elected Jean-François Blais, president of Intact Insurance, as chair of its board of governors. The IIC elected Blais at its 63rd annual general meeting on Oct. 25 in Charlottetown, P.E.I., the institute said

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The Co-operators acquires Assurance Aubin Insurance Brokers Ltd.

November 1, 2016 by Canadian Underwriter

Co-operators General Insurance Company announced on Tuesday that its wholly-owned subsidiary has purchased Assurance Aubin Insurance Brokers Ltd. The brokerage’s portfolio includes personal and commercial insurance policies, The Co-operators said in a press release. Assurance Aubin has locations in Hearst,

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Toronto-based Moore-McLean Insurance Group acquires Hallmark Insurance Group of Companies of Markham, Ont.

October 28, 2016 by Canadian Underwriter

Toronto-based Moore-McLean Insurance Group Ltd. announced on Friday that it has acquired the assets of Markham, Ont.-based Hallmark Insurance Group and its family of companies. Beginning Oct. 28, they will form McLean Hallmark Insurance Group Ltd., and McLean Hallmark Financial

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Insurance industry moving too slowly, must keep pace: Forgeron

October 25, 2016 Angela Stelmakowich, Editor

Canada’s property and casualty industry – in need of a regulatory environment that fosters the innovation and responsiveness consumers are demanding – is at risk of losing pace to new competitors, Don Forgeron, president and CEO of Insurance Bureau of

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News AssociationsInsuranceProfessional DevelopmentTechnology

Collaboration, communication and integration key to success: Boland at IBAO Convention

October 23, 2016 Jason Contant, Online Editor

Brokers, broker management system (BMS) companies and insurance companies all need to “come together” using collaboration, communication and integration, incoming Insurance Brokers Association of Ontario (IBAO) president Traci Boland said last week at the association’s 96th annual convention. “The theme

IBAO
News AssociationsInsuranceProfessional Development

Ontario brokers receive top honours at IBAO’s 96th annual convention

October 21, 2016 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) has announced the “top performing brokers and brokerages” throughout the province at their recent annual Awards of Excellence gala. Held on the opening night of the 96th annual IBAO Convention at the Sheraton

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News AssociationsCommercial LinesInsurancePersonal LinesProfessional DevelopmentTechnology

Economical Insurance expecting “significant growth” in broker channel over the next five years: Gavan at IBAO Convention

October 21, 2016 Jason Contant, Online Editor

Economical Insurance is expecting “significant growth” in its broker channel over the next five years, possibly 25% bigger than where it is today, outgoing president and CEO Karen Gavan said on Thursday during the 96th annual Insurance Brokers Association of

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News AssociationsInsuranceMarkets / CoveragesProfessional Development

Insurers who fail to “adapt to what millennials are looking for” will let go of “majority” of customers: Intact president

October 20, 2016 Greg Meckbach, Associate Editor

Insurance providers need to “rethink” how they provide advice to customers in their 20s and 30s, the president of Intact Insurance suggested Thursday to an audience of Ontario brokers. “Millennials still want advice,” Intact Insurance president Jean-Francois Blais said during

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News InsuranceProfessional DevelopmentTechnology

Global IT spending to reach US$3.5 trillion in 2017: Gartner

October 19, 2016 by Canadian Underwriter

Driven by growth in software and IT services revenue, worldwide IT spending is forecast to reach US$3.5 trillion in 2017, up 2.9% from 2016 estimated spending of US$3.4 trillion, according to the latest forecast by Gartner, Inc. Gartner, an information

News AssociationsInsuranceProfessional DevelopmentTechnology

Brokers are ‘not competition to each other,’ IBAO keynote speaker says

October 19, 2016 Greg Meckbach, Associate Editor

Insurance brokers who compete against one another need to change their mindset and work with their competitors to address threats which could disrupt the industry, a speaker suggested Wednesday in Toronto. “If you all think each other are the competition,