Canadian Underwriter

Topic Management

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What Canadian risk managers earned in 2023

December 7, 2023 by Alyssa DiSabatino

Canadian risk managers earned a median annual base salary of $122,000, according to a recent Risk Management Society (RIMS) survey. This accounts for a 1.6% increase from $120,000 in 2021, when RIMS last conducted this survey.  However, the salary for Canadian

Business leader press a mergers and acquisitions holographic button
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U.S.-based insurance provider to acquire Sutton Special Risk

December 6, 2023 by Jason Contant

New York-headquartered insurance services provider Amynta Group has entered into a definitive agreement to acquire specialty insurance managing general underwriter (MGU) Sutton Special Risk Inc. “The acquisition of Sutton expands Amynta’s offerings in the accident and health market and accelerates

Diversity in the office
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Is your board looking at their own diversity?

December 5, 2023 by Jason Contant

It’s no longer sufficient for insurance industry board members to talk about diversity across the organization — boards need to actively look at their own diversity and address any gaps, KPMG suggested in a recent thought leadership piece.  “To build

Social media hiring
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Why you should use consumer advertising to recruit talent

December 4, 2023 by Jason Contant

Canadian P&C insurance industry companies may want to consider leveraging existing consumer advertising tactics, including social media channels like TikTok, and apply them to recruitment efforts. It’s no secret the industry continues to face a ‘war for talent,’ particularly as

Business for sale sign.
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What a buyers’ market means for brokerage M&A

December 1, 2023 by David Gambrill

How can consolidators afford to buy brokerages when interest rates on bank loans to finance deals have steeply increased? Firms that are actively engaged in brokerage buying and selling told CU they have become more selective. “We are getting a

Empty store shelves representing a labour shortage
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Addressing a shortage of qualified commercial underwriters

November 28, 2023 by Alyssa Di Sabatino

Nicholas Hudescu is a rarity in the insurance industry. The 23-year-old attended Wilfrid Laurier University, earning a Bachelor of Business Administration degree specializing in insurance and risk management. While there, he joined the student-run Laurier Insurance and Risk Association (LIRA)

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Where you can ease customer buying pain points

November 23, 2023 by Alyssa DiSabatino

P&C firms must simplify their customers’ user experience and reduce overall customer touch points, panellists at Reuters’ Future of Insurance Conference in Toronto shared.  Inefficient processes can have customers bouncing from one app to another, significantly slowing down their insurance

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Has private equity interest in P&C brokerages peaked?

November 21, 2023 by Jason Contant

Private equity interest in the Canadian P&C brokerage space is showing no sign of slowing down, industry observers said last week at KPMG’s 2023 Insurance Conference in Toronto.  Private equity groups remain eager to acquire Canadian brokerages, said Andrew Mathias,

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Why insurance has proved a rewarding career for one emerging leader

November 21, 2023 by Alyssa DiSabatino

According to Ngawang (Noah) Choedon, everyone has a responsibility to give back. It’s why she takes every opportunity to help develop the new generation of P&C entrants.  It’s also why she was recognized with the Insurance Institute of Canada’s Emerging

Will rising costs to borrow money destroy brokerage merger deals?
News BrokersHRManagementMergers and Aqcuisitions

Will rising interest rates kill brokerage M&A?

November 20, 2023 by David Gambrill

Reports of the death of brokerage mergers and acquisitions in an era of higher interest rates have been greatly exaggerated. Back in early 2023, Canadian Underwriter’s National Broker Survey noticed a curious phenomenon: brokers’ interest in M&A growth had dipped

Illustration where one insurance businessman chooses to go up on an arrow staircase, another businessman chooses to go down the arrow staircase
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Forget why you fell into insurance. Why’d you stay?

November 17, 2023 by Alyssa DiSabatino

It might be easier to attract recruits to insurance if P&C professionals reminisced on what keeps them in the industry, rather than voicing the age-old adage of how they ‘fell in‘ to the profession, experts at Reuters’ Future of Insurance

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How the P&C industry compares globally on talent risk

November 15, 2023 by Alyssa DiSabatino

It’s not just the P&C industry that’s struggling to find recruits.  Failure to attract and retain talent now ranks as the fourth biggest business risk — its highest ever ranking — in Aon’s Global Risk Management Survey, which gathered responses