Canadian Underwriter

Topic Management

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How changing bond yields can help insurers fill their coffers

September 30, 2022 by Canadian Underwriter Staff

Bond investments make up a large percentage of insurance companies’ investment portfolios. And bond investors have faced challenges throughout 2022, with rising yields causing returns to lag at historic levels, Michael Cook, vice president, client relations & LDI client portfolio

Injured woman who is using her disability insurance benefits
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How to use captives to manage employee benefits risks

September 28, 2022 by Mauricio Suarez

By recent counts, more than 7,000 captive insurance companies exist globally, used primarily by multinational companies to take control of various risks. And yet, fewer than 200 of them are used to write employee benefits (EB) risks. Which means less

Percentage signs going up the stairs to represent climbing interest rates
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How rising interest rates impact insurers’ investment decisions

September 23, 2022 by Philip Porado

Recent interest rate hikes aimed at curbing inflation, and the potential for more rate hikes next year, has the insurance industry keeping an eye on its investment returns. But while the transition from a low-interest-rate environment to a higher-rate environment

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News AlbertaB.C.BrokersCommercialHRManagementMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal HomeYukon

CapriCMW and Rogers Insurance announce merger

September 20, 2022 by Jason Contant

British Columbia-based CapriCMW and Alberta-based Rogers Insurance have announced that they have merged and will be known as Acera Insurance. The merger will create a company with 1,000 employees located in more than 50 offices across Alberta, B.C., Ontario and

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P&C industry should consider “under-hiring” to fill talent gap: RIMS panel

September 15, 2022 by Alyssa DiSabatino

P&C insurance is still struggling to backfill employees, as executives retire and the Great Resignation directs workers to other industries, industry experts told delegates attending a RIMS Canada Conference panel in Halifax. Possible solutions include turning to students (via apprenticeships),

Building a mixed gender management team
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Key components of a successful talent-acquisition strategy

September 15, 2022 by Jason Contant

Canadian P&C companies should use data analytics for their talent acquisition (TA) strategies just as they do in other parts of the business, a speaker told Wednesday’s Reuters Events’ Future of Insurance Canada 2022 conference. “The traditional recruitment model is…

Office workstation top view with businesspeople working around M&A
News B.C.BrokersCommercialManagementMergers and AqcuisitionsNova ScotiaOntarioOperationsPersonal AutoPersonal Home

Busy month in M&A for BrokerLink, Westland

September 14, 2022 by Jason Contant

BrokerLink and Westland Insurance Group announced a series of brokerage M&A deals in September, including the acquisitions of a total of four brokerages and one employee benefits firm between them.  BrokerLink announced the acquisition of J.W. Davis Insurance Brokers and

Arrows pointing up symbolizing business growth
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Post-demutualization: Definity’s plans for the future

September 13, 2022 by Jason Contant

Definity Financial Corporation is maintaining its goal of becoming a Top 5 insurance company through a combination of organic growth and M&A activity, Definity president and CEO Rowan Saunders suggested during a recent financial services conference. “One of the drivers

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Acquisition sees Westland enter new industry vertical, U.S. market

September 8, 2022 by Jason Contant

Westland Insurance has entered a new industry vertical and the U.S. market for the first time with the acquisition of Front Row Insurance Brokers Inc., one of the largest and most respected film and entertainment insurance brokers in North America.

Unhappy businessman in his office
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Layoff anxiety: Are your P&C professionals affected?

September 6, 2022 by Jason Contant

With predictions that Canada might be headed for a ‘moderate’ but short-lived recession, Canadian P&C insurance professionals will understandably be concerned about their own job prospects. Living in fear of a layoff can be crippling. Proactively confronting this layoff anxiety

Anthony Tramonte, head of AGCS Canada
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Insurer appoints new head of marine for Canada

September 2, 2022 by Jason Contant

Anthony Tramonte has joined Allianz Global Corporate & Specialty (AGCS) as head of marine for AGCS Canada, the insurer announced Thursday. In his new role, Tramonte will develop and lead the local strategy and proactively support the development of AGCS’

Man holding a block with 'quiet quitting' written on it
News BrokersHRManagementOperationsTrending

Are brokers really ‘quiet-quitting’ if they are doing what they are paid to do?

September 1, 2022 by Jason Contant

HR experts question whether the new workplace trend of ‘quiet quitting’ – only doing as much work as required (no more, no less) in an attempt to restore work-life balance and prevent burnout – is aptly named and reflective of