Recent merger deals announced by Canadian commercial P&C brokerages increasingly feature acquisitions of wealth management and employee benefits firms, and this is no accident, brokers tell Canadian Underwriter. This subset of M&A is about P&C brokerages becoming a type of…
OTTAWA – The watchdog for the federal public service has ruled that Global Affairs Canada committed “gross mismanagement” in the way it dealt with complaints about a senior employee accused of throwing objects, mocking colleagues and even pushing and slapping…
The COVID-19 pandemic has changed the business and risk landscape dramatically over the past couple of years and created a sense of urgency to spread risk knowledge and education, the new CEO of RIMS said in an interview with Canadian…
By recent counts, more than 7,000 captive insurance companies exist globally, used primarily by multinational companies to take control of various risks. And yet, fewer than 200 of them are used to write employee benefits (EB) risks. Which means less…
VICTORIA – A B.C. Supreme Court judge has ruled the Greater Victoria School Board lacked the authority to censure and suspend two elected trustees over allegations of harassment and bullying. Justice Briana Hardwick says in a written decision that the…
The chief operating officer of Canada’s largest P&C insurer is confronting a conundrum he never faced before the pandemic — he’s not sure how to get all of his employees to work in the office. It’s not an issue unique…
P&C insurance is still struggling to backfill employees, as executives retire and the Great Resignation directs workers to other industries, industry experts told delegates attending a RIMS Canada Conference panel in Halifax. Possible solutions include turning to students (via apprenticeships),…
Canadian P&C companies should use data analytics for their talent acquisition (TA) strategies just as they do in other parts of the business, a speaker told Wednesday’s Reuters Events’ Future of Insurance Canada 2022 conference. “The traditional recruitment model is……
It’s not your imagination, COVID-19 really did throw a wrench into the insurance industry’s ability to hire and retain talent, says a new Deloitte report on the state of Canada’s P&C industry. It found industry demand for people with the…
More than 60% of women don’t have an insurance agent, compared with fewer than half (48.1%) of men, according to a new study from Zelros, a Paris-based insurtech with offices in Montreal and New York. The survey includes data from…
In keeping with the trend of Canadian commercial insurance brokerages offering expanded financial services, Westland Insurance Group yesterday acquired one of Ontario’s largest employee benefits consulting groups, The Winch Group. The Winch Group is a full-service brokerage specializing in employee…
What’s the best way for a P&C broker to maintain its independence? Depends who you ask. Back in April, Insurance Brokers Association of Ontario president Joseph Carnevale told Canadian Underwriter that independence is linked to the broker value proposition to…