Keyword
Brokers
Entrepreneurial Spirit
April 1, 2015 Angela Stelmakowich, EditorA career in insurance has proved a perfect fit for Clay Germain’s entrepreneurial spirit and love of a varied environment.
Push and Pull
April 1, 2015 Angela Stelmakowich, EditorFor those in the property and casualty insurance industry, be it broker, company or vendor, it is an oft-asked question that, once answered, is simply asked once again: What do customers want? In Canada’s ever-changing p&c environment – a place…
Moves and Views
April 1, 2015 by Canadian Underwriter1 Totten Insurance Group Inc. has announced it has acquired the shares of Montreal-based National Brokerage Services S.C.N. Inc., a commercial insurance wholesaler. Totten Insurance Group, a subsidiary of Hub International Ltd., reports that its acquisition of NBS complements the company’s…
Marketplace
April 1, 2015 by Canadian UnderwriterCANADIAN MARKET Quebec brokerage sector a model: Study Quebec’s brokerage industry is the driving model for damage insurance, notes a new study, sponsored by BMO Bank of Montreal. The Regroupement des cabinets de courtage d’assurance du Québec commissioned Raymond Chabot…
Brokers in Action
April 1, 2015 Greg Meckbach, Associate EditorAs ever, insurance brokers across the country are grappling with a wide variety of issues. Some issues are ongoing while some are emerging; some are regional while others are country-wide. The one constant is the need for brokers to continue to act as trusted advisors and to provide sound advice so that customers know the risks, understand coverage and have access to a wide choice of products.
Ports of Call
March 1, 2015 Thomas Ptacek, Senior Vice President, Marsh USA Inc.; and George Boire, Environmental Practice Leader, Marsh Canada LimitedWith the growth in oil traffic activity, environmental risks at ports and terminals are also on the rise. That said, a solid understanding of current conditions and potential risks can help with identifying what insurance solutions will help address and minimize any related loss.
Gift of Giving
March 1, 2015 The CIP Society and the Insurance Institute of CanadaBusiness gifts. Are they always sincere and simple demonstrations of appreciation? Or do these gifts sometimes come with strings attached? How can rules-based, people-based and situation-based guidance help insurance professionals determine an ethical course of action?
Seeking Satisfaction
March 1, 2015 Timothy Bebout, Director of Commercial Insurance Practice, J.D. PowerJ.D. Power’s recent study of risk professionals and risk management team members in the United States and Canada shows that insurers and brokers need to work together to meet commercial customer needs. Care must be taken with regard to limiting customer-reported issues, understanding the customer’s business and communicating effectively.
Transitioning to Fleet
March 1, 2015 Craig Harris, Freelance WriterBrokers are moving the needle on telematics for commercial auto insurance. New data solutions could allow fleet owners of all sizes to keep closer tabs on their vehicles for pricing discounts – and improved safety.
Underinsurance – Broker Liability
March 1, 2015 by Canadian UnderwriterIn a case of loss involving underinsurance, broker liability can be at play. A 2014 ruling by the Quebec Superior Court reiterates that as a “licensed professional,” a damage insurance broker has a duty to provide clients with sound advice and to direct them towards the right resources and information to help them obtain suitable insurance coverage.
Moves and Views
March 1, 2015 by Canadian Underwriter1 Swiss Re Canada welcomed its new president and chief executive officer, Veronica Scotti [1a], effective April 1. Scotti most recently served as Swiss Re’s client executive, based in Armonk, New York, and will now work out of Toronto, the reinsurer…
Marketplace
March 1, 2015 by Canadian UnderwriterCANADIAN MARKET Intact acquires Canadian Direct Insurance for $197 million Intact Financial Corporation (IFC) is expanding its direct operations in Western Canada with the recently announced acquisition of Canadian Direct Insurance Inc. (CDI). IFC reports that it has entered into…