Topic Brokers
How this brokerage pivoted to forge community ties online
July 6, 2021 by Adam MalikWhen a global pandemic shut down in-person events, one brokerage created a new communications strategy to reach people where much of the world shifted — online. For Antigonish, N.S.-based brokerage AA Munro Insurance, it was important to tell their clients,…
Aon-Willis deal under review by Competition Bureau
July 5, 2021 by Greg MeckbachCanada’s competition regulator is reviewing the proposed merger of global brokerages Aon plc and Willis Towers Watson plc, but the federal government is not saying whether it has actually received any complaints. The US$30-billion deal, originally announced in March 2020,…
How the world’s brokers rank by revenue
July 5, 2021 by Greg MeckbachMarsh was still the world’s biggest brokerage in 2020, even after more than 700 merger deals got done last year, A.M. Best Company Inc. reports in Top Global Insurance Brokers – 2021 Edition, released July 1. Quoting from Optis, A.M.…
Your work is about to change. Why working from home won’t be the same
July 5, 2021 by Adam MalikWorking from home more often means a change to the way property and casualty insurance industry professionals do their jobs, as well as the expectations between employee and employer, according to an expert from Aon. “Part of your job duties,…
5 skills insurance pros need in a more virtual world
June 30, 2021 by Adam MalikEveryone in the insurance industry today must have a minium of five skills, and companies need to hire and manage to these skills, according to an insurance executive. Digital skills, emotional intelligence, resiliency, people-centricity, and being a team player are…
BrokerLink’s take on the surging demand for brokerage M&A
June 30, 2021 by Jason ContantEDITOR’S NOTE: This article has been corrected to show that BrokerLink has over $2 billion of written premiums. A previous version of this article icorrectly stated the Intact subsidiary had more than $2.5 billion in premium overall, about $700 of…
Old equipment causing new problems for insurers
June 30, 2021 by Adam MalikInsurers are getting a front-row seat in learning the risks that come from aging renewable energy-producing equipment, says an industry expert. The last 15 years have seen a spark in growth in the area of renewable energy development, particularly in…
Only 3 brokers have the ‘wherewithal’ to place complex large account package: Consultant
June 30, 2021 by Greg MeckbachSome Fortune 1,000 commercial clients really have a choice of essentially three brokers – Aon, Marsh or Willis – if they are looking for a complete insurance package, a consultant for the insurance industry suggests. In a recent court filing,…
The essence and future of WICC
June 29, 2021 by David GambrillEditor’s Note: This article is Part 2 of a two-part story honouring the 25th anniversary of the Women in Insurance Cancer Crusade (WICC). Part 1 appeared in Canadian Underwriter‘s e-Newlsetter on Tuesday, June 29. Women in Insurance Cancer Crusade…
How much more you say you’re working from home
June 29, 2021 by Adam MalikThree in five Canadian property and casualty insurance professionals report working more hours from home than when they were working in the office, according to a recent Canadian Underwriter poll. However, a number of readers wrote in open-ended responses that…
Big tax win for brokerage succession plans
June 28, 2021 by David GambrillCanadian property and casualty insurance brokers are applauding the passage of Bill C-208, which they say will ease the tax burden for brokerage principals who wish to sell their business to family members. “The changes proposed in Bill C-208 would…
Return to work: How P&C industry workers feel about workplace safety
June 25, 2021 by Adam MalikFears about COVID-19 infections in the workplace, questions about safety precautions, and concerns about vaccination rates are key reasons why some property and casualty insurance professionals say they are not enthused about a return to the office. Canadian Underwriter’s Working…