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How Western Financial made its presence known in Atlantic Canada

March 1, 2021 by Greg Meckbach

Western 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”

News InsuranceMarkets / Coverages

Intact CEO’s forecast for auto rate relief in 2021

February 24, 2021 by Greg Meckbach

It 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

News Claims CanadaInsuranceMarkets / Coverages

COVID’s impact on aviation insurance could be worse than you think

February 1, 2021 by Greg Meckbach

The 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

News CatastrophesClaimsClaims CanadaCommercial LinesEarnings / RatingsInsuranceMarkets / Coverages

Six reasons why commercial prices will probably continue rising

January 25, 2021 by Greg Meckbach

Don’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

News InsuranceMarkets / CoveragesRisk

Executive Outlook 2021: Garth Pepper, Liberty Mutual Canada

January 25, 2021 by David Gambrill

Garth 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

News BrokersCommercial LinesInsuranceMarkets / Coverages

Executive Outlook 2021: Paul Martin, KRGInsure/RRJ Insurance Group

January 14, 2021 by David Gambrill

Paul 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

News BrokersCommercial LinesMarkets / Coverages

Top 5 insurer expanding into Quebec commercial

January 13, 2021 by Greg Meckbach

Quebec 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

News InsuranceMarkets / Coverages

Executive Outlook 2021: Matthew Turack, CAA Club Group

December 28, 2020 by David Gambrill

Matthew 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

News InsuranceMarkets / Coverages

Executive Outlook 2021: Jason Storah, Aviva Canada

December 28, 2020 by David Gambrill

Jason 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

News InsuranceMarkets / Coverages

Executive Outlook 2021: Andy Taylor, Gore Mutual

December 28, 2020 by David Gambrill

Andy 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

News InsuranceMarkets / Coverages

Executive Outlook 2021: Raymond Chun, TD Insurance

December 18, 2020 by David Gambrill

Raymond 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

News InsuranceMarkets / Coverages

Executive Outlook 2021: Nick Creatura, CNA Canada

December 18, 2020 by David Gambrill

Nick 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