North America continued to see strong demand for transactional risk insurance, with the market showing no signs of slowing down after the explosive growth witnessed in 2014, according to a statement released on Friday by Marsh Ltd. Canadian Underwriter reported…
Quebec’s brokers association, the Regroupement des cabinets de courtage d’assurance du Québec (RCCAQ), has issued a warning to UberX users that they are still not covered, despite a recently announced agreement between Intact Financial Corporation (IFC) and Uber. The RCCAQ,…
More than half the property and casualty insurance brokerages in British Columbia who are members of the Centre for Study of Insurance Operations (CSIO) have a website specifically designed for small screens of mobile devices, only 17% of those in…
Archway Insurance, one of Atlantic Canada’s largest independently owned insurance brokerages, announced Tuesday that it has acquired the general insurance business of swanfinancial, which is based in Oxford, N.S. The terms of the transaction, effective October 1, were not disclosed.…
Supporting the continuing education of brokerage employees promises to pay dividends. Brokerage owners should know that advancing staff efforts can improve internal culture and external perception of the business, its leaders and its staff.
Lorne Perry, incoming president of the Insurance Brokers Association of Canada, emphasizes the broker’s role in acting on behalf of consumers.
Sharing economy services like Airbnb and, more top of mind, UberX, are proving disruptive on a number of levels and for a number of stakeholders. One such level is insurance, where views differ wildly. The position taken by Uber that…
1 Travelers Canada chief executive officer Brigid Murphy [1a] is retiring from CEO duties, chief operating officer (COO) Duane Sanders [1b] is replacing Murphy and Heather Masterson [1c], most recently with Totten Insurance Group Inc., is taking on the COO…
A survey of more than 1,000 employers south of the border shows a gap between what they want and what insurance brokers or consultants are providing has emerged as a distinct trend, reports Zywave, Inc. The divide relates to, among…
Condominium policies vary across Canada, both by jurisdiction and individual condo corporation. When a homeowners’ insurance broker is serving a condo unit owner, the broker needs to understand exactly what coverage that particular condo owner needs, what risk exposures that particular client has and for what the client’s condo corporation is responsible.
After a corporate merger or acquisition, a firm faces the risk of discovering liabilities that were unknown and, therefore, not disclosed before the deal closed. Representations and Warranties insurance can transfer some of this risk.
1 With the amalgamation of the global Crawford Specialty markets group and the Global Technical Services (GTS) unit, Paul Hancock [1] will head the merged division in Canada, reports Crawford & Company (Canada) Inc. The GTS unit “has expanded its…