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Where Intact sees commercial premiums heading after pandemic is over

May 26, 2021 by Greg Meckbach

Many commercial clients are “hurting” because of COVID-19, but once the pandemic is over, small businesses currently under lockdown could see their insurance rates rise, Intact Financial Corp. executives suggest. “The biggest difference between the environment in which we operate

News BrokersEmerging RisksHRManagementOperations

How the pandemic has shifted employers’ priorities ‘overnight’

May 25, 2021 by Jason Contant

More than one year into the COVID-19 pandemic, there has been a massive, “overnight” shift in employers’ appetite towards employee benefits plans, Hub International speakers said during a recent webinar. “There’s a fast movement towards wellness, virtual services, virtual health

News BrokersClaimsInsurersOperationsTechnology

Digital experimentation: How to avoid the shiny object syndrome

May 20, 2021 by David Gambrill

While the insurance industry is hearing a lot of messages these days about the importance of experimenting with new digital technologies — i.e. witness the increased use of terms such as “agility,” “nimble,” “pivoting,” and “failing fast” — a business

News HRManagementOperationsRisk Managers

Why the pipeline of diverse talent keeps drying up

May 20, 2021 by Adam Malik

Market conditions have led to broken talent pipelines which, in turn, have had a negative effect on companies being able to have a proper diversity, equity and inclusion (DE&I) program, a financial executive told a group of risk managers recently.

News InsurersManagementOperations

New president for Liberty Mutual Canada

May 19, 2021 by Adam Malik

Liberty Mutual Canada veteran Rob Marsh will become the company’s new president, effective next week. Marsh will succeed Garth Pepper, who will be moving up the company’s ladder to take the role of president of global risk solutions for the

News AdjustersBrokersClaims ProfessionalsHRInsurersManagementOperations

Big Moves: The P&C industry’s recent executive shuffles

May 17, 2021 by Jason Contant

Intact Financial Corporation, Trisura Guarantee Insurance Company, and brokerages NFP and Westland Insurance Group all announced changes at the senior executive level over the past week. Patrick Barbeau, Intact Patrick Barbeau will become Intact Financial Corporation’s executive vice president and

News InsurersOperationsTechnology

Risk-averse insurers need to embrace failure to find success: insurtech exec

May 14, 2021 by Adam Malik

Insurance companies, generally risk-averse, are not used to seeing failure — something they need to get used to when they work with insurtechs that are trying to create a better system for them, says one insurtech leader. Insurers come to

News CommercialOntarioOperations

Restaurants want exemption from reduced wage subsidy as Ontario keeps dining shut

May 14, 2021 by The Canadian Press

TORONTO – Restaurant owners say they are concerned about operations as federal subsidies begin to wind down, even as provinces like Ontario extend stay-at-home or lockdown measures. Restaurants Canada is seeking an exemption from the federal government’s scheduled phase-out of

News BrokersInsurersManagementOperationsRisk Managers

Industry exec reverse-engineers innovation to show the imperative of diversity

May 13, 2021 by Adam Malik

A corporate diversity, equity and inclusion (DE&I) program is essential because it’s driving business innovation, which is a competitive advantage, risk managers heard during a recent web conference. Carla Harris, vice chairman and managing director of Morgan Stanley, spoke at

News BrokersCommercialConstructionCyberMergers and AqcuisitionsOperationsTrending

Gallagher to acquire certain Willis Towers Watson assets

May 12, 2021 by Jason Contant

Arthur J. Gallagher & Co. has announced an agreement to acquire certain Willis Towers Watson reinsurance, specialty and retail brokerage operations as part of a proposed “regulatory remedy” for the pending Aon and Willis Towers Watson deal. Under the agreement,

News CommercialInsurersManagementOperationsRisk Managers

Aon’s approach to post-pandemic travel and entertainment

May 11, 2021 by Greg Meckbach

As business leaders await an easing of pandemic lockdown restrictions, Aon Plc executives suggest that, going forward, they plan to apply the lessons they’ve learned during COVID-19 regarding collaboration. “We are going to be smart about how we do [travel

News AlbertaBrokersCommercialMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal HomeSaskatchewan

Merger mania: Multiple brokerage deals announced in May

May 11, 2021 by Jason Contant

May 2021 came in with a bang for Canadian brokerages involved in mergers and acquisitions activity, particularly in western Canada and Ontario.  Over the course of a week, at least seven acquisitions were announced in the Canadian P&C brokerage space.