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Behind the scenes of Hub’s latest Canadian acquisition

September 2, 2020 by Jason Contant

Hub announced the acquisition of Grande Prairie, Alta.-based Elevate Insurance Brokers Wednesday. Elevate is a locally-owned, independent full-service brokerage that provides home, auto, recreational vehicle and business insurance. Elevate Insurance president Pierce Krol and partner Otilja Majewski will join Hub

News AdjustersClaimsClaims TechnologyInsurersOperations

Where this industry veteran landed soon after announcing retirement

August 31, 2020 by Jason Contant

One week after retiring as president and chief operating officer of Pembridge and Pafco insurance companies, 40-year industry veteran J.R. (Bob) Tisdale has joined the board of the independent adjusting firm CRU Group. Gary Winston, founder and chair of the

News AdjustersAlbertaCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsLicensingLoss TrendsOperationsPersonal HomeProperty

Adjusting Calgary’s hailstorm: The rationale for bringing in U.S. Cat adjusters

August 28, 2020 by Greg Meckbach

During the hail storm this past June that damaged tens of thousands of Alberta homes, adjusting firm CRU Group struggled to find enough qualified independent catastrophe adjusters in Canada, and wound up resorting to bringing in people from the United

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How Fairfax is addressing anti-Black racism

August 28, 2020 by Greg Meckbach

The corporate parent of Northbridge Insurance has formed its own anti-racism committee and joined a new Canadian organization that aims to create opportunities for visible minorities and indigenous people in the industry. “We have formed a Black Initiatives Action Committee,”

News Claims Canada ArchiveLegalLiabilityOperationsPersonal Auto

Court rules against The Co-operators in hit-and-run scooter accident

August 27, 2020 by Greg Meckbach

An Ontario court has ruled against an insurer’s attempt to dismiss a lawsuit in which an argument was made that the woman on the receiving end of a hit-and-run could have reasonably done more to get the driver’s information. In

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

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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.