Topic
Markets / Coverages
How Western Financial made its presence known in Atlantic Canada
March 1, 2021 by Greg MeckbachWestern Financial Group is taking a non-controlling interest in Saint John, N.B.-based Huestis Insurance Group. The exact terms of the deal, announced Feb. 23, were not disclosed, other than it will give the High River, Alta.-based Western Financial a “significant”…
Intact CEO’s forecast for auto rate relief in 2021
February 24, 2021 by Greg MeckbachIt could be up to a year before driving habits return to normal, but don’t expect many of your clients to pay less for auto insurance. Those were a couple of key takeaways from a recent Intact earnings call. “It…
COVID’s impact on aviation insurance could be worse than you think
February 1, 2021 by Greg MeckbachThe drop in international air travel is not causing a corresponding decline in aviation insurance claims costs, a Calgary-based commercial specialty expert warns. Meanwhile, airlines will not see sales return to pre-pandemic levels even after most Canadians get their COVID…
Six reasons why commercial prices will probably continue rising
January 25, 2021 by Greg MeckbachDon’t expect a soft market for your commercial clients any time soon, executives with The Travelers Companies Inc. warn. Rates on renewal for business insurance were up 8.4% while rates in bond and specialty insurance increased by 12%, Travelers said…
Executive Outlook 2021: Garth Pepper, Liberty Mutual Canada
January 25, 2021 by David GambrillGarth Pepper, President, Liberty Mutual Canada With so many unknowns, especially this year due to the pandemic, focusing on the basics will be more important than ever. Those basics include having underwriters who are accessible, flexible, service-oriented, solution-oriented, and empowered…
Executive Outlook 2021: Paul Martin, KRGInsure/RRJ Insurance Group
January 14, 2021 by David GambrillPaul Martin, President, Chief Operating Officer, KRGInsure/RRJ Insurance Group Limited Employee engagement will be one the biggest challenges we face in 2021. Managing a remote workforce for a long period of time is a skill set many of us do…
Top 5 insurer expanding into Quebec commercial
January 13, 2021 by Greg MeckbachQuebec brokers can now place commercial coverage with Wawanesa Mutual Insurance Company for policies starting Feb. 1. The Manitoba-based insurer announced Monday that it is offering commercial coverage in Quebec, making good on a promise made to the province’s brokers…
Executive Outlook 2021: Matthew Turack, CAA Club Group
December 28, 2020 by David GambrillMatthew Turack, Group President, Insurance, CAA Club Group Over the course of 2020, we have seen a fundamental shift in daily habits. Many of our existing office jobs have transitioned to at-home workspaces in the short term. Having P&C products and…
Executive Outlook 2021: Jason Storah, Aviva Canada
December 28, 2020 by David GambrillJason Storah, CEO, Aviva Canada For Aviva Canada, 2021 will be the year to redesign the way we do business, translate challenges into new opportunities, and create better experiences for our customers. If there is just one overarching hope that I…
Executive Outlook 2021: Andy Taylor, Gore Mutual
December 28, 2020 by David GambrillAndy Taylor, President, CEO, Gore Mutual We began 2020 by launching our Next Horizon business plan, the most ambitious strategy we’ve ever undertaken. With Next Horizon, we’re essentially rebuilding Gore Mutual and transforming our organization in a way that will redefine…
Executive Outlook 2021: Raymond Chun, TD Insurance
December 18, 2020 by David GambrillRaymond Chun, President, CEO, TD Insurance The world around us continues to change and we’re all feeling the ongoing impact of COVID-19. Throughout the pandemic, we have demonstrated that we can adapt quickly to execute with speed and deliver for our…
Executive Outlook 2021: Nick Creatura, CNA Canada
December 18, 2020 by David GambrillNick Creatura, President, CEO, CNA Canada As we know, the future rarely unfolds as we expect. Uncertainty drives our value proposition. Insurance responds when the unexpected happens. In this period of uncommon uncertainty, it is incumbent upon all participants in…