Topic Brokers
Opinion: Looking to acquire? Don’t forget about intellectual property
November 19, 2020 by Kristian Kolsaker and Angus Marshall, CFC UnderwritingIntellectual property rights are a crucial part of any merger or acquisition so it’s important, whether you are engaging in an industry merger or advising clients on a deal, to consider ways to avoid potential infringements. Intellectual property (IP) has…
IBAO reacts to possibility of credit unions selling insurance
November 19, 2020 by Greg MeckbachOntario’s broker association is keeping a close eye on a provincial government proposal to relax restrictions on credit unions selling insurance in branches. “We believe there is a public consultation that is going to take place in 2021, so we…
The right — and wrong — risks clients should consider when setting up a captive
November 18, 2020 by Adam MalikA captive insurance solution is designed for long-term risks, so a client looking to set something up for short-term risks may end up regretting that decision, experts warned during a recent Canadian Underwriter webinar. When a company sets up a…
What Canadian MGAs think about the proposed Intact-RSA merger
November 18, 2020 by David GambrillOn the day Intact made its joint offer with Denmark-based insurance giant Tryg A/S to acquire RSA plc for Cdn$12.3 billion official, a Canadian association of managing general agencies (MGAs) expressed concern about the deal’s potential impact on market choice…
How renewal delays are taking a toll on brokers
November 17, 2020 by Adam MalikInsurers are becoming more meticulous around what they deem to be a good risk and that extra scrutiny is giving brokers heavier workloads, broker leaders say, and it could force brokers to limit how much they take on. Interest rates…
This Canadian insurer may want to cover your hospitality clients
November 17, 2020 by Greg MeckbachBrokers struggling to find coverage for small and mid-sized restaurant and hotel clients may now have a new option available, and it’s already getting a response. CAA Club Group’s Echelon subsidiary announced Monday it is offering up to $5 million…
Why smaller organizations are interested in creating captives
November 16, 2020 by Adam MalikInterest in captives naturally increases as a hard market intensifies, but now even mid-market or smaller organizations are considering captives as an alternate way to transfer risk, panellists of a Canadian Underwriter webinar observed Monday. “Traditionally, when you think of…
Why this is a good time to set up a captive insurance solution
November 13, 2020 by David GambrillShrinking capacity arising from hard market conditions in many commercial lines have created a favourable environment for self-insuring through captives, senior Canadian executives will propose in a live webinar hosted Monday at noon ET by Canadian Underwriter. Scheduled panellists include…
Westland brokerage moves in an easterly direction
November 13, 2020 by Jason ContantWestland Insurance’s mergers and acquisition strategy continues in an easterly direction from its roots in British Columbia. Just days after closing its first-ever brokerage acquisition in Ontario, Westland Insurance Group Ltd. announced its second acquisition in Manitoba. On Nov. 10,…
Brokers ready for new round of lockdowns
November 13, 2020 by Adam MalikManitoba went into lockdown Thursday morning after the province’s COVID-19 numbers ranked among the worst in the country and its healthcare system approached capacity. But this time, unlike the first go-around in the spring, brokers say they are in an…
Demystifying cyber’s first hard market
November 12, 2020 by David GambrillCyber insurance is a relatively new line of business in Canada and so it hasn’t seen any hard markets historically — until now, that is. And it seems that insurers have ransomware to thank for that. “I think it is…
How Aon sees competition regulators’ review of Willis Towers Watson acquisition
November 11, 2020 by Greg MeckbachIt is still up to regulators to decide whether Aon plc will be allowed to acquire Willis Towers Watson plc, but Aon officials seem confident there won’t be a problem. During a recent earnings call, Aon executives were asked why…