Topic Operations
Meet Chubb’s new Canadian leaders
January 4, 2022 by David GambrillPaul Johnstone is now Chubb Canada’s chief operating officer, while Melanie Wilcox will succeed him in his former role as the head of personal risk services in Canada. “Paul and Melanie both bring extensive experience to their new roles,” John…
Pandemic puts ‘right to disconnect’ in spotlight as provinces inch toward policies
December 30, 2021 by By Tara Deschamps, Canadian PressDuring Danish Yusuf’s morning routine, his work phone rarely rings and seldom is there an appointment with his Toronto insurance company staff. The lack of disruptions is no coincidence. Yusuf instructed staff not to plan meetings or send electronic communications…
Ottawa loosens eligibility requirements on pandemic relief for businesses, workers
December 24, 2021 by Tara Deschamps - THE CANADIAN PRESSCanada’s federal government offered a lifeline to businesses struggling amid the latest wave of the COVID-19 pandemic by expanding eligibility for two benefit programs. Prime Minister Justin Trudeau and several members of his cabinet announced Wednesday that, due to the…
Fast pace of private equity investments means more insurance placements for portfolio companies
December 14, 2021 by Jason ContantSpeed can equal success when a private equity firm is looking to acquire a company. But the rush to close a deal can also mean insurance gets put on the back burner. A private equity firm often buys a controlling…
Steps to improve talent recruiting efforts
December 13, 2021 by Jason ContantA few relatively simple changes can make a big difference in recruiting efforts for mid-size firms, two workforce management firms said in a recent blog. First, rewrite job postings and descriptions to emphasize the benefits of working for you instead of your specs…
Westland’s acquisition spree continues
December 10, 2021 by Jason ContantLarge independent Canadian-owned brokerage Westland Insurance Group Ltd. continues its acquisitions of western Canadian brokerages with the purchase of Reider Insurance. Westland announced Dec. 7 the acquisition of Reider Insurance in Winnipeg. It follows the acquisitions of Church Eaton Insurance of Calgary and…
Challenges remain as IFRS 17 implementation approaches
December 6, 2021 by Jason ContantProject management, system implementation, and accessing resources are the biggest challenges, as the start date of the new insurance accounting standard IFRS 17 nears, Chris Cornell, partner, audit, and national sector leader, insurance, with KPMG in Canada told Canadian Underwriter…
Take steps to fend off ransomware attacks, federal ministers urge Canadians
December 6, 2021 by Jason ContantOTTAWA – Citing a dramatic increase in ransomware attacks on organizations – including health providers and vital utilities – federal ministers are urging Canadians to bolster their cybersecurity. In an open letter Monday, the ministers encouraged people to adopt the…
Why insurance regulators’ council wants to stop best-terms pricing
December 3, 2021 by Greg MeckbachIf you are still placing subscription policies using best-terms pricing, you should stop, the Canadian Council of Insurance regulators suggests. “Fair and transparent pricing is essential to a successful marketplace and CCIR Members expect insurers and brokers to cease BTP…
CN looks to reopen tracks in southern B.C. this weekend after second network shutdown
December 3, 2021 by THE CANADIAN PRESSMONTREAL – Canadian National Railway Co. says it aims to reopen its network in southern British Columbia this weekend after another bout of rain and wind prompted a second shutdown. CN said Friday that engineers and construction crews continue to…
Why a short-term approach to talent management doesn’t work anymore
November 26, 2021 by Jason ContantIt’s time employers get better at sourcing their own talent and actively developing their employees’ skills, two authors wrote in a blog from Harvard Business Review. “For decades, companies have adopted a short-term, ad hoc approach to talent management —…
What’s the most successful way of seeking new P&C talent?
November 24, 2021 by Jason ContantPersonal referrals were the most successful method for seeking new talent in the property and casualty insurance industry, speakers agreed during an Insurance Institute of Ontario webinar Tuesday. An informal poll of attendees to the webinar asked which recruitment channels…