Canadian Underwriter

Topic Insurers

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News AlbertaB.C.BrokersHRInsurersManagementMergers and AqcuisitionsNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.QuebecSaskatchewanYukon

Aspiring brokerage owners share the biggest obstacles for ownership

November 8, 2022 by Alyssa DiSabatino

What’s the biggest barrier to brokerage ownership for the 30% of brokers who aspire to one-day buy their own firm? Financing, according to results from a Canadian Underwriter online survey.  Of the 30% of broker respondents who want to own, exactly

News BrokersClaimsInsurers

CU launches new P&C industry podcast

November 8, 2022 by David Gambrill

Canadian Underwriter is pleased to announce today’s launch of its new podcast series, What’s on Dec? in partnership with industry veterans Pete Tessier and Curt Wyatt. Tessier and Wyatt will be well-known to those who listen to The Insurance Podcast,

Older businessman looking worried about getting fired
News BrokersHRInsurersManagementMergers and AqcuisitionsOperations

What happens to wealth advisors when P&C brokers buy them out?

November 4, 2022 by Philip Porado

Succession planning is a key component of the acquisition strategies employed by P&C brokers buying wealth management, retirement planning and employee benefits advisories. That said, P&C brokerage buyers aren’t looking for the sellers to leave right away after the sale.

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News AlbertaB.C.BrokersHRInsurersManagementManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioOperationsP.E.I.QuebecSaskatchewanYukon

The best way to support young prospective broker owners

November 4, 2022 by Alyssa DiSabatino

Mentorship and training are the best ways to support young brokers who aspire to senior leadership or brokerage ownership roles, say brokers responding to a Canadian Underwriter online survey. However, brokerage principals and their employees aren’t fully aligned on how

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News BrokersInsurersLegalPersonal AutoQuebec

‘Race discrimination’: Indigenous Quebec man who lived on reserve denied insurance

November 4, 2022 by Sidhartha Banerjee CANADIAN PRESS

MONTREAL – An Indigenous Quebec man who was denied car insurance because he lived on a reserve was the victim of race discrimination, the province’s human rights commission concluded in a recent decision. Alexis Wawanoloath, a lawyer and ex-Parti Quebecois

Palm trees in a hurricane
News AdjustersCatastrophesClaimsClaims ProfessionalsEmerging RisksEnvironmentalInsurersLoss ControlPersonal AutoPersonal HomeProperty

How Cats will impact insurers’ and reinsurers’ pricing and investments

November 3, 2022 by Philip Porado

Rising cleanup costs following catastrophic weather events mean P&C insurers and reinsurers may have to adjust what they cover, and how they invest, global financial markets watchdog Fitch Ratings says. As Canada braces for its third year in a row

Angry couple arguing about bad contract
News ClaimsInsurersOntario

Top consumer complaints about Ontario’s P&C industry

November 3, 2022 by Jason Contant

Claims and settlement issues are the top public complaints in the regulated P&C and auto insurance sectors in Ontario, according to Financial Services Regulatory Authority of Ontario’s (FSRA) complaints report for the 2021-22 fiscal year. “The most common examples of

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News BrokersClaimsCommercial AutoInsurersPersonal Auto

How supply chain is leading to repair challenges for electric vehicles

November 3, 2022 by Alyssa DiSabatino

The semiconductor chip shortage — a byproduct of the demand for advanced electric vehicle (EV) technology — has caused repair challenges for car rental services, says one expert at the Insurance Brokers Association of Ontario (IBAO) Convention in Toronto.  However,

In an illustration, a woman on the left is in business clothes working at an office desktop. On the right, she is in a hoodie working from a laptop in a home office.
News BrokersInsurers

One size doesn’t fit all: why office time needs to be maximized accordingly

November 2, 2022 by Alyssa DiSabatino

Companies that don’t employ, at the very least, a hybrid work option, can expect an increase in employee turnover.  “And what that means is losing talented employees to other organizations,” said hybrid work expert Hassan Osman at the Insurance Brokers

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News InsurersTrending

Addressing supply issues not substitute for rate hikes, says Bank of Canada official

November 2, 2022 by The Canadian Press

OTTAWA – Bank of Canada senior deputy governor Carolyn Rogers says addressing supply problems could help ease inflationary pressures but such policies wouldn’t substitute the need for higher interest rates. Rogers and Bank of Canada governor Tiff Macklem appeared before

Guy Lecours is the new COO of L'Unique and Unica
News InsurersManagementOperationsQuebec

New senior executive for two major P&C brand names

November 2, 2022 by Jason Contant

Insurance industry veteran Guy Lecours has been appointed chief operating officer of L’Unique and Unica, effective Nov. 21. Christian Fournier, executive vice president and lead of property and casualty insurance at Beneva, announced the appointment Wednesday. Lecours succeeds Yves Gagnon,

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News BrokersCommercialInsurersMergers and Aqcuisitions

Paw-sitively busy times for Canadian pet insurers

November 2, 2022 by David Gambrill

It’s official — everyone and their dogs are announcing pet insurance mergers, acquisitions and partnerships. It started two days ago, when Fairfax Financial Holdings Ltd. completed the US$1.4-billion sale of its interests in Crum & Forster Pet Insurance Group and