Canadian Underwriter

Topic Alberta

Jigsaw puzzle pieces - M&A concept
News AlbertaB.C.InsurersMergers and AqcuisitionsOntario

Westland widens Ontario footprint with new acquisitions

June 7, 2023 by Alyssa DiSabatino

Westland Insurance has acquired two Ontario-based brokerages, MYCOR Insurance Solutions Inc. and Murphy Insurance Services Inc., further expanding its fleet in the province.   The acquisitions, effective June 1, will enable Westland to continue growing in Canada, “both organically and through

Smoke rises from wildfires in the Halifax area
News AdjustersAlbertaClaimsClaims Canada ArchiveClaims ProfessionalsEnvironmentalNova ScotiaNWTPersonal Home

Will this be the worst wildfire season Canada has ever seen?

June 6, 2023 by Mia Rabson - THE CANADIAN PRESS

OTTAWA – This is on track to be the worst fire season Canada has ever seen and the risk of wildfires will remain well above average in most of the country throughout the summer, the federal government warned Monday. At

Canada flag and Alberta flag flying on a pole against blue sky
News AlbertaBrokersCommercial AutoInsurersPersonal Auto

After Alberta election, what’s next for auto insurance?

May 30, 2023 by Alyssa DiSabatino

With the United Conservative Party’s Danielle Smith re-elected as Alberta premier, the industry is hoping for both long- and short-term solutions to the auto issue, especially since the province’s “rate pause” makes it harder for drivers to secure coverage and

Talent acquisition concept
News AlbertaBrokersCommercialHRManagementMergers and AqcuisitionsNew BrunswickNewfoundland & LabradorNova ScotiaOntarioPersonal AutoPersonal Home

BrokerLink president shares thoughts on brokerage M&A

May 24, 2023 by Jason Contant

BrokerLink still sees plenty of M&A opportunities in provinces where it currently operates and doesn’t have any immediate plans to expand into new geographic areas, the brokerage’s president told Canadian Underwriter in an interview Tuesday. BrokerLink is focusing its resources

Business signing a piece of paper at a desk with an oversized pen
News AlbertaB.C.BrokersCommercialInsurersMergers and AqcuisitionsOntario

Navacord announces its biggest deal yet

May 24, 2023 by David Gambrill

Navacord has invested heavily into its wealth management and group benefits capabilities, acquiring RWAM Insurance Administrators Inc and Programmed Insurance Brokers (PIB) Inc. “As Navacord’s largest transaction to date, the partnerships with RWAM and Programmed Insurance Brokers Inc. underscore Navacord’s

Damaged property from recent wildfires is shown in Drayton Valley, Alta.
News AdjustersAlbertaB.C.BrokersCatastrophesClaimsInsurersNWTSaskatchewan

Losses adjusters don’t want to see from Alberta wildfires

May 24, 2023 by Alyssa DiSabatino

With wildfires raging on across Alberta and the west, adjusters are hoping the fires stay remote and spare populous areas from catastrophic losses. “We are seeing some claims and anticipate seeing many more as dangerous conditions persist,” Patricia (P.J.) Davis,

A structure destroyed by a wildfire in Drayton Valley, Alta.
News AlbertaCatastrophesClaimsClaims Canada ArchiveInsurersPersonal Home

Rain could slow down record-breaking Alberta wildfires, officials say

May 23, 2023 by Rob Drinkwater - THE CANADIAN PRESS

EDMONTON – Light rainfall and cooler temperatures slowed down wildfire activity in Alberta over the long weekend and more rain that’s in the forecast may help firefighters catch a breath during a record-breaking season of fires. “This could be a

Smoke from wildfires in Alberta blankets Calgary
News AlbertaB.C.CatastrophesClaimsEmerging RisksEnvironmentalOntarioTrending

Emissions from wildfires hit record high as climate change drives fire threat

May 19, 2023 by The Canadian Press

OTTAWA – Emissions from wildfires hit a new record in 2021 as the blazes that raged in Western Canada and Ontario produced more greenhouse gases than the oil and gas sector and heavy industry combined. Canada’s forests are relied on

A structure destroyed by a wildfire in Drayton Valley, Alta.
News AdjustersAlbertaB.C.ClaimsClaims Canada ArchiveEnvironmentalPersonal HomeSaskatchewan

Some residents return home two weeks after Alberta wildfire evacuation

May 18, 2023 by Kelly Geraldine Malone and Angela Amato - THE CANADIAN PRESS

The mayor of a west-central Alberta town said it was emotional to return home nearly two weeks after an out-of-control wildfire forced residents to flee, but thousands elsewhere remain on edge as scores of fires continue to rage across much

Joining a puzzle on a blue background; M&A concept
News AlbertaBrokersHRManagementOperations

What’s behind Lloyd Sadd’s latest brokerage deal

May 16, 2023 by Alyssa DiSabatino

Navacord founding partner Lloyd Sadd Insurance Brokers has acquired northern Alberta’s Casey Insurance, effective Apr. 1.   Casey Insurance is a full-service brokerage offering home, auto and business insurance solutions to clients within the region of Peace River, Alta., and

Thief In Hooded Jacket And Balaclava Opening Car's Door With Crowbar
News AlbertaClaimsInsurersLoss TrendsOntarioPersonal Auto

How theft and Alberta’s rate pause affected Definity’s auto portfolio

May 16, 2023 by David Gambrill

Auto theft, inflation, and increased claims frequency due to traffic returning to pre-pandemic levels all contributed to pushing Definity’s combined ratio in personal auto up to 100.9% in 2023 Q1, company executives reported in the company’s earnings call last week.

Tailings samples at an Imperial Oil research centre.
News AlbertaClaimsCommercialEnvironmental

Alberta regulator says Imperial Oil faces more water problems at oilsands mine

May 12, 2023 by Bob Weber - THE CANADIAN PRESS

The Alberta Energy Regulator has warned Imperial Oil about more wastewater problems at its Kearl oilsands mine in northern Alberta. The regulator has issued a notice of non-compliance to the company after chemicals associated with oilsands tailings were found at