Topic Risk Managers
Gallagher no longer buying major Willis Towers Watson assets
July 30, 2021 by Greg MeckbachA 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…
Stoppage of Aon-Willis combo won’t slow brokerage M&A activity: KPMG Canada deal advisor
July 28, 2021 by Greg MeckbachMid-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…
How many people Marsh hired amidst ‘distraction and uncertainty’ of Aon-Willis merger discussions
July 26, 2021 by Greg MeckbachAmid the uncertainty over Aon PLC’s now-scuttled plan to acquire Willis Towers Watson PLC, Marsh & McLennan Companies Inc. increased its staff level by nearly 2,000 during the first half of 2021, Marsh & McLennan CEO Dan Glaser says. “We…
Pile of snow pulled passenger plane off runway in British Columbia: safety board
July 23, 2021 by The Canadian PressRICHMOND, B.C. – Safety changes have been made after a WestJet Encore passenger plane went off a snow-covered runway in Terrace, B.C., last year. The Transportation Safety Board says in a report that the De Havilland aircraft was landing with…
Regulator orders risk reduction measures for B.C. railways following Lytton fire
July 13, 2021 by Jason ContantFollowing record heat and a wildfire that burned down about 90% of the village of Lytton, B.C., Canada’s transportation regulator has ordered fire monitoring, suppression, and risk reduction measures for railways to protect against wildfire “in the context of extreme…
Doubled pricing, two-year recovery predicted for cyber lines, post-COVID
July 13, 2021 by David GambrillBrokers can foresee cyber pricing doubling over the next year — and it could take up to two years after the pandemic is over before the market shows signs of softening again. “I think the price has to reflect the…
Temple Insurance wins appeal in construction wrap-up dispute
July 12, 2021 by Greg MeckbachTemple Insurance Company has won its appeal of a 2020 Court of Queen’s Bench of Saskatchewan ruling in a disputed construction wrap-up liability claim. Temple now has to pay some (but not all) of the legal defence costs incurred by…
Why delivery company is liable for damage to parked car
July 9, 2021 by Greg MeckbachIf a commercial auto client is accused of causing damage to a third-party vehicle, the client could be harming its legal position if it fails to produce a statement from its own driver. United Parcel Service Canada Ltd. is on…
‘I quit’: Wave of resignations prompts concerns over labour shortage
July 7, 2021 by Amanda Stephenson, The Canadian PressCALGARY — If not for COVID-19, Valerie Whitt might never have summoned the courage to quit her job. The 50-year-old Markham, Ont. woman had been a project manager for Ontario Health for 13 years. She felt drained and exhausted from…
5 reasons why fire sprinklers fail, and what your clients can do about it
July 6, 2021 by Greg MeckbachBuilding renovations are among five common reasons for fire sprinkler failure, according to Diana Rodriguez-Zaba, a partner for ServiceMaster Restoration by Zaba, in a recent article on TheBigRedGuide.com. Typical renovation incidents that can cause failure include collisions with construction equipment,…
Aon-Willis deal under review by Competition Bureau
July 5, 2021 by Greg MeckbachCanada’s competition regulator is reviewing the proposed merger of global brokerages Aon plc and Willis Towers Watson plc, but the federal government is not saying whether it has actually received any complaints. The US$30-billion deal, originally announced in March 2020,…
How the world’s brokers rank by revenue
July 5, 2021 by Greg MeckbachMarsh was still the world’s biggest brokerage in 2020, even after more than 700 merger deals got done last year, A.M. Best Company Inc. reports in Top Global Insurance Brokers – 2021 Edition, released July 1. Quoting from Optis, A.M.…