Canadian Underwriter

Topic MGAs

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News CommercialHRMGAsOperations

How MGAs are dealing with underwriter shortages

December 12, 2022 by Jason Contant

Canadian P&C managing general agencies (MGAs) are dealing with a lack of underwriters due to increased demand for products and services combined with traditional staff turnover, an industry executive told Canadian Underwriter. “MGAs are, from what we see, the fastest

Boardroom in modern office
News BrokersBusiness InterruptionCommercialCommercial AutoConstructionCyberInsurersLiabilityManagementMGAsProperty

The real reasons behind Canada’s softer D&O market

December 9, 2022 by Philip Porado

“Expanded insurer appetite and competition in the primary space,” as well as new capacity in excess layers, helps explain a softening of Directors and Officers (D&O) insurance pricing and limits expansions in Canada, says a recent quarterly market insights report

Intellectual property concepts
News ClaimsCommercialEmerging RisksLegalLiabilityMGAs

Why your SME client needs intellectual property ‘pursuit’ coverage

November 24, 2022 by Jason Contant

Your small and medium-sized enterprise (SME) clients need to consider intellectual property (IP) ‘pursuit’ coverage to allow them to take on large corporations to protect their products and market share, a specialist insurance provider told Canadian Underwriter. A business’s ability

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News BrokersCatastrophesCommercialCommercial AutoConstructionCyberInsurersLoss ControlLoss TrendsMGAsProperty

Covering larger risks? Why subscriptions may be the way of the future

November 18, 2022 by Philip Porado

As claims from Cat events and other external risks get larger, the simplest solution to cobbling together coverage might be a subscription approach that spreads risk and reduces individual insurers’ losses. “Subscribing the risk is better for the industry,” George

Making a vacation reservation on a laptop
News BrokersClaimsCommercialEmerging RisksInsurersLiabilityMGAsPersonal HomeProperty

Are your clients’ short-term rental properties properly insured?

November 9, 2022 by George Longo

With COVID-19 safety protocols all but eliminated in Canada, many people are travelling and need places to stay. As an alternative to hotels, some are taking short-term rental spaces through services like Airbnb, VRBO and other online platforms. Now that

Snarling vampire on Halloween
News CommercialLiabilityMGAs

Do your clients need vampire facial coverage this Halloween?

October 28, 2022 by Jason Contant

You may have seen Instagram influencers posting shots of their faces covered in their own blood – a macabre-looking skincare treatment known as a ‘vampire facial.’ Easily mistaken for scary Halloween make-up, a vampire or blood facial, or platelet-rich plasma

gear breaking under stress.
News BrokersCommercialCommercial AutoCyberInsurersLoss TrendsMGAsOpinionPersonal AutoPersonal HomeTrusted Advisor

Opinion: How to end subscription policy bottlenecks

October 21, 2022 by Douglas Morrow

While the worst of the hard market in Canada is gradually drifting behind us and COVID-19 is taking something of a holiday, not all is rosy, especially for commercial lines business. Brokers worked tirelessly over the past several years to

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News BrokersMGAsOperations

How Lloyd’s broke the bottleneck for Canadian MGAs

October 21, 2022 by Jason Contant

Editor’s Note: This article has been revised to clarify the rules around continuous binding authorities emanating from Lloyd’s.   Managing general agents (MGAs) with a binding authority contract from Lloyd’s — and where the capacity under the contract is provided

ESG in the maritime transport industry
News BrokersEmerging RisksEnvironmentalInsurersMGAsSupply Chain

How ESG affects the entire insurance supply chain

October 20, 2022 by Jason Contant

Implementing environmental, social and governance (ESG) strategies will create a ripple effect impacting the entire insurance supply chain and billions of dollars in investments, said George Longo, president and CEO of MGA Excess Underwriting.  “The ripple effect is going to

Stack of green compliance and rules books
News BrokersLicensingMGAs

Why RIBO’s considering a harmonized standard for broker licensing, and MGA carve-out

October 4, 2022 by Jason Contant

The Registered Insurance Brokers of Ontario (RIBO) is working with the Canadian Insurance Services Regulatory Organizations (CISRO) to review property & casualty agent and broker education and training requirements to make recommendations regarding a harmonized standard. This could take the

Flash in the pan
News BrokersCommercial AutoConstructionCyberInsurersMGAs

How reinsurers view the rise of MGAs: a flash in the pan, or sustainable?

October 3, 2022 by David Gambrill

Global reinsurers are looking at the current rise of managing general agencies (MGAs) with a critical eye, questioning whether the phenomenon will be long-lasting, or simply a fad rooted in a hard-market demand for capacity. “At the risk of sounding

Threads intertwining to represent mergers of eight companies
News AlbertaB.C.BrokersBusiness InterruptionCommercialCommercial AutoConstructionCyberEnvironmentalHRLegalLiabilityManitobaMergers and AqcuisitionsMGAsOntarioOperationsPersonal AutoPersonal HomePropertyTrusted Advisor

Which firm racked up 8 mergers over the summer?

September 28, 2022 by Canadian Underwriter Staff

Brokerage M&A has been hectic so far in 2022, with one firm bringing eight brokerages across Canada under its wing during the summer. Navacord today announced it closed eight acquisitions during July and August that expands the company’s presence in