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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 CommercialInsurersLoss ControlLoss TrendsMGAsOperationsPropertyRisk Managers

The impact of MGAs getting more business

August 25, 2020 by Greg Meckbach

It is taking longer to get insurance placed through managing general agents because MGAs are getting more business in the hard market, one Ontario broker suggests. Many commercial accounts, which previously would have been handled by retail brokers, are now

News BrokersCommercialEmerging RisksMergers and AqcuisitionsOperations

This blockbuster global brokerage merger goes to vote Aug. 26

August 24, 2020 by Greg Meckbach

The industry will be closer to finding out whether the second and third-biggest global P&C brokerages will merge after shareholders of both Willis Towers Watson plc and Aon plc vote on Wednesday. Aon and Willis announced this past March that

News BrokersHROntarioOperationsQuebec

What back to the office looks like for Canadian brokerages

August 20, 2020 by Jason Contant

As businesses across the country continue their staged approach to reopening in the wake of the novel coronavirus pandemic, many brokerages are looking at what this “new normal” means for their company and staff. Some brokerages plan to reopen in

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 InsurersOperations

Reinsurers discuss the hard market, new bricks-and-mortar locations

August 18, 2020 by Jason Contant

Given the persisting novel coronavirus infections and the economic fallout from the pandemic, it seems unlikely any reinsurers would want to set up new physical locations this year, but that’s exactly what may happen, speakers said recently during an A.M.

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 BrokersManagementOperationsTechnologyTrusted Advisor

What COVID has taught Aon about leveraging technology

August 12, 2020 by Greg Meckbach

For large commercial brokerages, video conferences can work at least as well as in-person meetings when placing business for large accounts, if Aon PLC’s recent experience is any indication. “With the investment we have been making in technology, we are

Feature EducationHRInsurersManagementOperationsTrusted Advisor

Skills to promote change

August 9, 2020 by Greg Meckbach, Associate Editor

Andy Taylor, Gore Mutual Insurance Company’s newly-minted president and CEO, reveals the soft skills required for a successful business transformation — and how to find them. – As told to Greg Meckbach   To recruit talent capable of shepherding a

Feature BrokersCommercialEducationLegalManitobaOperationsOpinionRisk ManagersTrusted Advisor

Balancing Act

August 8, 2020 by CIP Society

What happens when an agreement is breached due to COVID-19? Experts share their thoughts