Topic Personal Home
Hurricane risk: What the future holds for Canada
September 23, 2022 by Jason ContantCanada will be increasingly at risk for more frequent and severe hurricanes going forward due to climate change, Swiss Re told Canadian Underwriter in an interview Friday. “Sea surface temperatures [are] rising, which means storms will be able to travel…
Where and when Hurricane Fiona is projected to hit Canada
September 21, 2022 by Jason ContantEnvironment Canada (EC) has issued a tropical cyclone warning for the Atlantic provinces and southern Quebec as Hurricane Fiona is expected to impact the region starting Thursday evening and continuing into weekend. “This storm is shaping up to be a…
CapriCMW and Rogers Insurance announce merger
September 20, 2022 by Jason ContantBritish Columbia-based CapriCMW and Alberta-based Rogers Insurance have announced that they have merged and will be known as Acera Insurance. The merger will create a company with 1,000 employees located in more than 50 offices across Alberta, B.C., Ontario and…
Which generations most want a broker’s advice?
September 20, 2022 by Canadian Underwriter StaffYounger Canadians are more receptive to getting insurance advice from brokers, said a new survey commissioned by Chubb that examined attitudes across five generations. Specifically, the study found 46% of respondents in generation Z, which it defined as those born…
What’s Hurricane Fiona’s projected path into Canada?
September 19, 2022 by Jason ContantHurricane Fiona could strike Atlantic Canada with tropical storm-force winds or stronger by Saturday, according to projections from the hurricane forecasters in Canada and the U.S. An advisory issued 5 a.m. AST on Monday by the U.S. National Hurricane Center…
B.C.’s largest wildfire remains out of control
September 19, 2022 by The Canadian PressHUDSON’S HOPE, B.C. – An evacuation order for British Columbia’s largest wildfire has been rescinded, though the BC Wildfire Service says the blaze remains out of control. The Battleship Mountain wildfire in the Prince George Fire Centre is now estimated…
Industry hasn’t done a great job of service: broker execs
September 16, 2022 by Alyssa DiSabatinoThe Canadian P&C industry hasn’t done a great job of service, says one industry CEO in an executive panel discussion at RIMS Canada Conference in Halifax. What’s the good news? The industry can meet and maintain service levels through collaborative…
Busy month in M&A for BrokerLink, Westland
September 14, 2022 by Jason ContantBrokerLink and Westland Insurance Group announced a series of brokerage M&A deals in September, including the acquisitions of a total of four brokerages and one employee benefits firm between them. BrokerLink announced the acquisition of J.W. Davis Insurance Brokers and…
Post-demutualization: Definity’s plans for the future
September 13, 2022 by Jason ContantDefinity Financial Corporation is maintaining its goal of becoming a Top 5 insurance company through a combination of organic growth and M&A activity, Definity president and CEO Rowan Saunders suggested during a recent financial services conference. “One of the drivers…
Lessons from COVID-19 will help brokers get clients through a recession
September 9, 2022 by David GambrillIf a long-predicted recession comes to pass, brokers will need to stay close to their clients’ changing needs. But in some ways, commercial insurance brokers have gained an advantage from the discipline developed while navigating their clients through COVID-19. Those…
Smoky skies expected across southern B.C. from provincial, U.S. wildfires
September 9, 2022 by The Canadian PressVANCOUVER – Haze from wildfires burning in Washington state, Idaho and the British Columbia Interior is expected to create smoky skies across much of southern B.C. over the weekend. Environment Canada has posted air-quality statements for the Fraser Valley and…
Crews keep close watch on one B.C. wildfire, as another delays school in northeast
September 6, 2022 by The Canadian PressWildfire officials in British Columbia say they are working with BC Parks and the Transportation Ministry to prepare for the spread of a blaze that has charred 19 square kilometres of bush in a provincial park east of Vancouver. The…