Topic Operations
Your staff’s mental health: What to watch for
February 18, 2021 by Adam MalikInvesting in the mental health of your staff has always been important, but the COVID-19 pandemic has driven home just how important it is, says one Canadian P&C insurer executive. “I think we’ve really learned through 2020 and now into…
What brokers are asking of their underwriters
February 12, 2021 by David GambrillIn the midst of a hard market in several Canadian commercial insurance lines, several senior Canadian broker executives are urging underwriters not to substitute data and analytics entirely for their own good judgment about what constitutes a good or a…
Origin of Excel & Y Insurance Services features renowned Alberta brokers
February 11, 2021 by Greg MeckbachLundgren & Young Insurance is forming a new Alberta brokerage, Excel & Y Insurance Services, as a result of a partnership with Excel Insurance Group Inc. “We remain an independent brokerage wholly owned by myself and my family,” said Robyn…
Why this MGA exec predicts more Canadian MGA consolidation in the future
February 11, 2021 by Jason ContantMore mergers and acquisitions (M&A) activity between managing general agencies (MGA) is likely in the future, since private equity is focusing on this sector, giving MGAs the fiscal tools to make acquisitions, the president and CEO of one MGA told…
Videoconferencing brokers setting sales records during pandemic
February 11, 2021 by David GambrillVideoconferencing brokers shattered sales records in top-tier brokerages across the country during the pandemic, senior brokerage executives reported in a recent Canadian Underwriter webinar. The results suggest virtual sales are at least as effective — if not sometimes more effective…
Deal Tracker: The latest in brokerage M&A
February 4, 2021 by Jason ContantThe number of mergers and acquisitions in the Canadian P&C insurance space (mostly involving brokerages) has hit double digits already this year, with two large brokerages contributing to the latest round of deal-making. Hub International announced Tuesday that it had…
Joseph El-Sayegh joins Quebec brokerage Lussier Dale Parizeau
February 3, 2021 by Jason ContantThe former president and CEO of reinsurer SCOR Canada, Joseph El-Sayegh, has joined Quebec brokerage Lussier Dale Parizeau (LDP). LDP announced El-Sayegh’s appointment as regional vice president, commercial services and practice leader in risk management, effective Jan. 11. Among other…
Senior Bank of Canada exec joins Intact’s board
February 2, 2021 by David GambrillIntact Financial Corporation has appointed a senior executive at the Bank of Canada, Carolyn A. Wilkins, to join the insurer’s board of directors. The appointment comes as all P&C insurance companies in Canada grapple with the economic downturn arising from…
Working from home? Make sure you take your lunch break
January 29, 2021 by Jason ContantLeaders in the Canadian property and casualty insurance space need to create the “psychological safety” for employees to take time for lunch, including ensuring that workers don’t get penalized or are viewed as less productive for doing so. That was…
Cyber’s hard market separating insurer wheat from chaff
January 29, 2021 by Adam MalikThe global COVID-19 pandemic has distinguished between cyber insurers who are serious about offering coverage, and those who were just hoping to ride the gravy train while times were profitable, according to one industry analyst. Cyberattacks have skyrocketed, in part…
How IBAO is leading brokers to go paperless
January 27, 2021 by Greg MeckbachThe cost and hassle of printing and mailing large insurance policies is one of the drivers towards digitization, suggests the board member of a broker association. Consumers do not want to sift through 75 pages of insurance documents, said Greg…
The tough calls broker, insurers will be making this year
January 25, 2021 by Adam MalikPressure on insurers to provide sustainable results, brokers expanding their service offerings and the growing gap between big and small are just some of the trends the P&C insurance industry will face this year that will give leaders plenty to…