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How Aviva Canada fared in the first half of 2021 

August 12, 2021 by Jason Contant

A lack of catastrophic events in the first half of 2021 and decreased personal auto and commercial claims related to COVID-19 contributed to a 6.7% improvement in Aviva Canada’s combined operating ratio (COR) in the first half of 2021 compared

News BrokersInsurersManagementMergers and AqcuisitionsOperations

More room for industry consolidation and Intact wants to keep growing: CFO

August 11, 2021 by Greg Meckbach

Intact is probably not finished acquiring more Canadian insurers even with its recent acquisition of RSA Canada. On June 1, Intact closed a three-way deal in which Intact and Tryg A/S acquired London-based RSA plc. As a result, Intact now

News EducationInsurersLegalLicensingManagementOperationsTechnology

Is it okay to use open banking data for underwriting?

August 10, 2021 by Greg Meckbach

Mutual insurers support a proposal to prohibit insurers in Canada from using banking data for underwriting, in an initial phase of open banking. However, one industry expert questions whether there is any harm in letting consenting consumers give their own

News B.C.InsurersLicensingManagementOperationsPersonal Auto

Will Intact re-enter the B.C. auto market?

August 9, 2021 by Greg Meckbach

Intact Insurance could re-enter the British Columbia auto market but only if the provincial government provides “options and convenience” to motorists, says Intact Financial Corp. CEO Charles Brindamour. It has been eight months since Intact announced it is leaving the

News AlbertaBrokersCommercialMergers and AqcuisitionsNewfoundland & LabradorNova ScotiaOntarioOperationsPersonal AutoPersonal Home

BrokerLink doubles size in Atlantic Canada, buys brokerages in Ontario and Alberta

August 9, 2021 by Jason Contant

BrokerLink has doubled its presence in Atlantic Canada and is now one of the largest brokerages on the east coast following its acquisition of Archway Insurance and South Coast Insurance Agency Limited. BrokerLink, a subsidiary of Intact Financial Corporation, announced

News EducationLegalLicensingOperationsTechnology

Banking data should not be used for underwriting insurance: open banking committee

August 5, 2021 by Greg Meckbach

Open banking should not be used for underwriting insurance, a federally appointed committee said Wednesday. In its final report issued Aug. 4, the Advisory Committee on Open Banking recommended that the “initial phase” of open banking, in Canada, be up

News BrokersCommercialInsurersManagementMGAsOperations

Why Intact has no intention of selling BrokerLink

August 4, 2021 by Greg Meckbach

If you knock on Intact’s door offering money to buy its BrokerLink subsidiary, prepare to get rejected. “You are far more likely to see us putting way more capital in [the property and casualty insurance brokerage] space than the other

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4 ways to stay visible while working remotely

August 3, 2021 by Jason Contant

As more Canadian property and casualty insurance professionals shift to a hybrid workplace, it will be important for remote workers to remain visible while the rest of their colleagues are in the office. To be viewed as a valued team

News BrokersCommercialConstructionCyberManagementMergers and AqcuisitionsOperationsRisk Managers

Gallagher no longer buying major Willis Towers Watson assets

July 30, 2021 by Greg Meckbach

A bunch of Willis Towers Watson plc workers, who anticipated that their divisions were being sold to Arthur J. Gallagher & Co., will be staying with Willis Towers Watson after all. Rolling Meadows, Ill.-based Gallagher announced July 26 that a

News InsurersLicensingManagementMergers and AqcuisitionsNova ScotiaOperationsPersonal Auto

Here’s the timeline for converting RSA policies to Intact

July 30, 2021 by Greg Meckbach

Nova Scotia motorists with RSA insurance policies can renew through RSA until November 4, the province’s auto insurance regulator said in its July 28 ruling on Intact Insurance Company’s rate filing. On June 1, Intact Financial Corp. closed its acquisition

News AlbertaB.C.BrokersClaimsClaims Canada ArchiveCommercial AutoInsurersLegalManagementNew BrunswickNewfoundland & LabradorNova ScotiaOntarioOperationsP.E.I.Personal AutoTechnology

Why many brokers need to change their auto quoting process

July 28, 2021 by Greg Meckbach

Many brokerages that use AutoPlus to obtain auto insurance quotes will likely have to change their processes over the next couple of months. AutoPlus’s vendor, CGI Group Inc., will start updating that online database product Aug. 13, says the Insurance

News BrokersCommercialLegalManagementMergers and AqcuisitionsOperationsRisk Managers

Stoppage of Aon-Willis combo won’t slow brokerage M&A activity: KPMG Canada deal advisor

July 28, 2021 by Greg Meckbach

Mid-sized brokers need to be careful in their approach to mergers-and-acquisition proposals but the abrupt cancellation of Aon’s $30-billion acquisition of Willis Towers Watson is not going to slow down deal-making within the brokerage sector, a Montreal-based insurance M&A expert