Keeping commercial brokers informed of emerging risks and educating new MPs on the Bank Act are key priorities for Sean Duggan, incoming president of the Toronto Insurance Conference.
Commercial insurance brokerage Willis Group plc reported a 4.1% increase in third-quarter commissions and fees and net income of $116 million in the three months ending Sept. 30, compared to an $8-million loss in the third quarter of 2014. London-based…
Gore Mutual Insurance Company announced on Thursday that it has partnered with eight insurance brokers to launch uBiz, an ecommerce platform that enables brokers to offer commercial insurance through their digital channels. uBiz leverages agile technology to enable customers to…
Small business owners in British Columbia, Alberta and Ontario can now purchase their business and liability insurance from their computers or smartphones in as little as 90 seconds, according to Bullfrog Insurance, a Mississauga, Ont.-based online brokerage. “We have simplified…
Itasca, Ill.-based Arthur J. Gallagher & Co. (AJG) reported on Tuesday a 9% growth in adjusted revenues for its combined Brokerage and Risk Management segments for the third quarter of 2015 ending Sept. 30. “We had another excellent quarter,” said…
Marsh & McLennan Companies, Inc. (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, announced on Tuesday that net income attributable to the company in the third quarter of 2015 was US$323 million,…
The Insurance Brokers Association of Canada will be “prepared” next month to share a flood principles document, approved in Quebec City at IBAC’s meeting last month, the association’s president told Ontario brokers recently. During the annual members’ general meeting of…
Intact Insurance will launch a revised water peril product next year, the company’s president said last week at the Insurance Brokers Association of Ontario’s (IBAO) 2015 convention in Toronto. Jean-François Blais made the announcement during the CEO Panel at the…
After running into some “brick walls” on getting buy-in from Canadian insurers to include a declaration of emergency endorsement into their commercial property & casualty policies, the Toronto Insurance Conference is asking a former president to raise the issue with…
Ontario’s auto policy should be changed to allow more choice for consumers, some insurance carrier chief executive officers suggested Thursday, though Intact Insurance’s president expressed concerns about the change in catastrophic impairment coverage that takes effect next June. “There is…
Insurers are falling further and further behind the current technology and digital capabilities and will require a major transformational improvement, speakers suggested on Thursday at the Insurance Brokers Association of Ontario’s (IBAO) Convention 2015. Speaking during the CEO Panel at…
ACE Limited shareholders have voted at a special meeting to approve all proposals related to the company’s previously announced agreement to acquire The Chubb Corporation, ACE announced on Thursday. ACE reported that votes in favour of each agenda item exceeded…