Topic Management
Behind IBC’s recent executive shuffle
September 18, 2023 by Jason ContantAmanda Dean is now interim vice president of Insurance Bureau of Canada’s (IBC) Ontario region, temporarily moving over from her role as IBC’s vice president of Atlantic Canada following a decision by IBC’s former Ontario vice president, Kim Donaldson, to…
BrokerLink continues expansion with Atlantic Canada acquisition
September 13, 2023 by Jason ContantBrokerLink continues its growth in Atlantic Canada with the acquisition of Nova Scotia-based brokerage Roger E. Strum Limited. Headquartered in Windsor, N.S., Strum Insurance has offered professional guidance for home, auto, motorcycle, recreational vehicle, boat and business insurance for more…
U.K.-based firm buys two Canada brokerages
September 12, 2023 by Canadian Underwriter StaffLooks as if the summer 2023 P&C brokerage merger train will keep on rolling into the fall. Specialist insurance and reinsurance broker BMS Group has acquired Canada-based insurance brokers, Smith & Reid Insurance Brokers Ltd. and O’Neil Insurance. Smith &…
What P&C industry recruits will give up for hybrid work
September 8, 2023 by Alyssa DiSabatinoProspective recruits into Canada’s property and casualty insurance industry are willing to accept a lower salary from employers if it means they can work from home, one insurance recruiter observed during a Live with CU stream Thursday. “To give…
4 reasons why remote work is here to stay
September 7, 2023 by Jason ContantExecutives expect both hybrid and fully remote work to keep increasing over the next five years, a new survey has found. Many CEOs are publicly gearing up for yet another return-to-office push, but privately they’re expecting hybrid and fully remote…
Hub privacy breach affects “limited” amount of Canadian data
August 11, 2023 by David GambrillHub International Limited, a Chicago-based brokerage with offices in 10 Canadian provinces and territories, has reported a privacy breach of data related to “a limited number of Canadians.” Hub posted a “notice of a data privacy event” online on Friday,…
How Intact CEO views the M&A landscape
August 11, 2023 by Jason ContantM&A transactions involving large-value brokerage deals do not reflect a trend and likely aren’t sustainable, Intact Financial Corporation CEO Charles Brindamour suggested during a recent earnings call. “If I go towards distribution, which are smaller transactions, I think we’ve seen…
Why your P&C employees are leaving you for your competitor
August 11, 2023 by Alyssa DiSabatinoLosing your employees to other P&C firms? Join the club. A full 38% of financial services and accounting professionals, including within the insurance sector, are already looking or plan to look for a new job before the end of the…
WTW appoints national practice leader of personal lines for Canada
August 4, 2023 by Jason ContantWTW has appointed Allison Bryce as its national practice leader of personal lines for Canada. Bryce will be based in WTW’s Toronto office and will focus on deepening and expanding client relationships across the Canadian market, WTW said in an…
The P&C benefits firm buying frenzy continues
July 31, 2023 by Alyssa DiSabatinoAcera Insurance Services Ltd. is merging with Prizm Financial Inc. to expand its benefits division. The deal follows an ongoing trend of P&C firms expanding their offerings into the financial services realm by becoming one-stop shop for their commercial and…
M&A frenzy continues with multiple deals announced
July 19, 2023 by Jason ContantCorrection: The article has been amended to show Andrew Agencies has 22 locations, not 200 as previously reported. Canadian Underwriter apologizes for the error. On the heels of separate deals that closed at the beginning of the month, large…
Is the mutual insurance company model under threat?
July 11, 2023 by Alyssa DiSabatinoMutuals were some of the first insurance companies to settle in Canada. But despite their longstanding history, there are existential threats that could “end the ability for mutual companies to participate in the market,” a mutual insurer executive said during…