Topic Management
How this ratings agency views the Canadian MGA market
October 10, 2023 by Jason ContantRatings agency AM Best will likely maintain its positive outlook on the global delegated underwriting authority enterprises (DUAE) market, an executive said Friday during AM Best’s Canada Insurance Market Briefing in Toronto. “On Dec. 5, 2022, we did assign a…
Behind this specialty insurer’s hybrid underwriting model
October 4, 2023 by Jason ContantSpecialty insurer Mosaic Insurance’s expansion across Canada in five specialty lines provides a unique hybrid underwriting model that allows the company to take a Lloyd’s syndicated approach locally in Canada, executives told Canadian Underwriter. Mosaic announced its expansion last month…
4 ways to make return-to-work a success
October 3, 2023 by Jason ContantTrying to figure out how best to get your employees back to the office? Instead of issuing blanket return-to-office policies, managers should co-create ways of working with their teams, said a blog from Harvard Business Review. Companies continue to struggle…
Specialty insurer expands across Canada in five product lines
October 2, 2023 by Jason ContantSpecialty insurer Mosaic Insurance has expanded its offerings across Canada in five product lines — cyber, transactional liability, financial institutions, professional liability and environmental liability. The global firm first opened an office in Toronto in July 2022 and now serves…
Why you might need a diversity, equity and inclusion partner
September 28, 2023 by Alyssa Di SabatinoNeed some help with your brokerage’s efforts to develop a more diverse, equitable and inclusive workplace? Consider partnering with another organization to create recruiting or other interim partnerships, suggested Craig Pinnock, chief financial officer of Northbridge Financial Corporation. “These are the…
MPI employees’ strike: Where it stands
September 28, 2023 by Jason ContantManitoba Public Insurance (MPI) and the Manitoba Government and General Employees’ Union (MGEU) remain at an impasse following a five-week-long labour strike and four days of conciliator-led discussions. MPI presented what it said was its “significantly enhanced” final offer to…
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,…