Canadian Underwriter

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Why Intact has no intention of selling BrokerLink

August 4, 2021 by Greg Meckbach

If you knock on Intact’s door offering money to buy its BrokerLink subsidiary, prepare to get rejected. “You are far more likely to see us putting way more capital in [the property and casualty insurance brokerage] space than the other

Happy remote worker
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4 ways to stay visible while working remotely

August 3, 2021 by Jason Contant

As more Canadian property and casualty insurance professionals shift to a hybrid workplace, it will be important for remote workers to remain visible while the rest of their colleagues are in the office. To be viewed as a valued team

News BrokersCommercialConstructionCyberManagementMergers and AqcuisitionsOperationsRisk Managers

Gallagher no longer buying major Willis Towers Watson assets

July 30, 2021 by Greg Meckbach

A bunch of Willis Towers Watson plc workers, who anticipated that their divisions were being sold to Arthur J. Gallagher & Co., will be staying with Willis Towers Watson after all. Rolling Meadows, Ill.-based Gallagher announced July 26 that a

News InsurersLicensingManagementMergers and AqcuisitionsNova ScotiaOperationsPersonal Auto

Here’s the timeline for converting RSA policies to Intact

July 30, 2021 by Greg Meckbach

Nova Scotia motorists with RSA insurance policies can renew through RSA until November 4, the province’s auto insurance regulator said in its July 28 ruling on Intact Insurance Company’s rate filing. On June 1, Intact Financial Corp. closed its acquisition

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Why many brokers need to change their auto quoting process

July 28, 2021 by Greg Meckbach

Many brokerages that use AutoPlus to obtain auto insurance quotes will likely have to change their processes over the next couple of months. AutoPlus’s vendor, CGI Group Inc., will start updating that online database product Aug. 13, says the Insurance

News BrokersCommercialLegalManagementMergers and AqcuisitionsOperationsRisk Managers

Stoppage of Aon-Willis combo won’t slow brokerage M&A activity: KPMG Canada deal advisor

July 28, 2021 by Greg Meckbach

Mid-sized brokers need to be careful in their approach to mergers-and-acquisition proposals but the abrupt cancellation of Aon’s $30-billion acquisition of Willis Towers Watson is not going to slow down deal-making within the brokerage sector, a Montreal-based insurance M&A expert

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The impact of Gore Mutual’s new operating model

July 26, 2021 by Greg Meckbach

Gore Mutual has gone live with technology that lets the carrier bind policies for brokers, in minutes in some cases. The Cambridge, Ont.-based property and casualty insurer “has completely changed the operating model for personal lines,” CEO Andy Taylor said

News BrokersCommercialHRManagementMergers and AqcuisitionsOperationsRisk Managers

How many people Marsh hired amidst ‘distraction and uncertainty’ of Aon-Willis merger discussions

July 26, 2021 by Greg Meckbach

Amid the uncertainty over Aon PLC’s now-scuttled plan to acquire Willis Towers Watson PLC, Marsh & McLennan Companies Inc. increased its staff level by nearly 2,000 during the first half of 2021, Marsh & McLennan CEO Dan Glaser says. “We

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Former Bermuda reinsurer CEO now on Intact board of directors

July 23, 2021 by Greg Meckbach

Emmanuel Clarke, a former CEO of Bermuda insurer PartnerRe Ltd., is now on Intact Financial Corporation’s board of directors, Toronto-based Intact announced Thursday. Clarke, a French national, was appointed CEO of PartnerRe in 2016, shortly after EXOR S.p.A. completed its

Hybrid office design
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4 design concepts for the new hybrid office

July 22, 2021 by Jason Contant

In planning their future hybrid offices, Canadian insurance industry employers will need to carefully consider office design approaches, a blog published Thursday by Harvard Business Review advises. “By all indications, the future of work is hybrid,” wrote Jim Keane and

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The legal pitfalls of online and over-the-phone insurance applications

July 20, 2021 by Greg Meckbach

A property insurer can be stuck paying out on a claim even though the client made a “material omission” on their insurance application, but the industry can mitigate this risk by being especially careful when taking applications over the phone

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Who’s building your client’s green energy farm? Why you need to know

July 19, 2021 by Adam Malik

Whether it’s a solar or wind turbine farm, or any other energy-related facility, an insurer expert is raising red flags about the quality of people at job sites. Underwriters care about a site and its propensity to be hit by