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Veteran brokers are seeing their first-ever hard market. What they need to know.

September 18, 2020 by Greg Meckbach

Brokers with more than a decade of experience could be experiencing their first real hard market right now, and they could probably use some advice about how to break bad news during renewals, an Alberta managing general agent (MGA) suggests.

News BrokersCommercialManagementMergers and AqcuisitionsOperationsProperty

Intact’s rationale for buying this bond and marine brokerage

September 16, 2020 by Greg Meckbach

Intact Financial Corp.’s latest “tuck-in” brokerage acquisition is part of its ongoing expansion effort in the United States, chief financial officer Louis Marcotte suggested Tuesday. International Bond & Marine Brokerage Ltd. of Hoboken, N.J., announced Sept. 11 it is now

News BrokersInsurersManagementOperations

The ‘new normal’ workplace that could be coming your way

September 11, 2020 by Adam Malik

While a rating agency complimented the property and casualty insurance space for pivoting its work environment from the office to employee homes, a new workplace survey has found that Canadian employees are looking for greater flexibility in choosing where they

News BrokersClaimsClaims TechnologyEducationHRInsurersManagementTechnology

The key demographic noticing the industry’s technological pivot

September 9, 2020 by Adam Malik

The property and casualty insurance industry’s response following the global declaration of the COVID-19 pandemic and how it adjusted quickly in numerous aspects, especially technology, has made the industry more attractive to new graduates, according to a recent report. While

News BrokersClaims ProfessionalsHRInsurersManagementOperations

Communicating during COVID: What industry employees want to hear from their leaders

September 3, 2020 by David Gambrill

Okay, so it appears the pandemic crisis will be with us for a long time, with P&C organization employees already feeling uneasy, worn down, and uncertain about many things — their health, job security, sending kids back to school safely,

News EducationInsurersManagementOperations

How Fairfax is addressing anti-Black racism

August 28, 2020 by Greg Meckbach

The corporate parent of Northbridge Insurance has formed its own anti-racism committee and joined a new Canadian organization that aims to create opportunities for visible minorities and indigenous people in the industry. “We have formed a Black Initiatives Action Committee,”

News BrokersCommercialManagementMergers and AqcuisitionsOperationsRisk ManagersTrending

Shareholders approve Aon-Willis merger

August 26, 2020 by Greg Meckbach

Aon plc’s proposed acquisition of Willis Towers Watson plc was approved Wednesday by both firms’ shareholders. The merger still requires approval from competition regulators in various jurisdictions (including Canada) plus the Irish High Court. Aon and Willis Towers Watson rank

News ClaimsClaims ProfessionalsCommercialInsurersManagementOperationsSupply Chain

Allianz Global Corporate & Specialty names new chief agent for Canada

August 25, 2020 by Jason Contant

Allianz Global Corporate & Specialty (AGCS) announced Tuesday it has appointed Bernard McNulty as chief agent for Canada, effective immediately. In addition to taking on the chief agent role, McNulty will remain in his current position as head of claims

News BrokersManagementOperationsTrending

How COVID-19 could permanently alter Marsh & McLennan

August 19, 2020 by Greg Meckbach

Travel and entertainment spending could be down permanently for Marsh & McLennan Companies Inc., though it’s sure to rise again somewhat later this year, suggests CEO Dan Glaser. “I am not sure we will go running back to hopping on

News BrokersManagementMergers and AqcuisitionsOperationsPersonal AutoPersonal Home

What Intact is telling competitors who distribute through BrokerLink

August 17, 2020 by Greg Meckbach

Intact CEO Charles Brindamour is assuring his competitors that they are not at a competitive disadvantage with Intact should they distribute their insurance through Intact Financial Corp.’s BrokerLink brokerage unit. “Our strategy is not to get the brokerage business to

News LegalManagementOperations

With the pandemic abated, OSFI restarts work on IFRS 17

August 17, 2020 by David Gambrill

Three things in life are inevitable — death, taxes, and the transition to IFRS 17. With the country now over what appears to be the worst of the COVID-19 pandemic thus far, Canada’s solvency regulator, the Office of the Superintendent

News InsurersManagementTechnology

Insurtechs urge P&C industry to keep foot on the gas with innovation

August 17, 2020 by Adam Malik

Innovation in the insurance industry has shown to be critical over the last number of months, and insurtechs are urging brokers and carriers not to lose the momentum they’ve established. Insurtechs called for closer collaboration between the property and casualty