Keyword
Brokers
Taxing Circumstances
October 1, 2015 by Canadian UnderwriterThe current tax policy governing intergenerational business transfer is a clear disadvantage for brokerage firms. Quebec’s broker channel maintains, however, that draft federal legislation offers the promise of levelling the playing field for brokerages across the country.
Value in Safety
October 1, 2015 Mandip Hullait, Director, Commercial Insurance, Auto, RSA CanadaDriver safety management programs are essential for commercial fleets. Brokers, however, can play an important role in educating commercial clients about what risk management practices can keep drivers safe, avoid collision-related claims and allow business operations to continue running smoothly.
Bank on Resistance
October 1, 2015 Dave Nussbaumer, President, Insurance Brokers Association of SaskatchewanBrokers are redoubling their efforts to inform MPs across the country that, when it comes to selling insurance, the current approach in the Bank Act should be maintained. As has always been the case, they argue that allowing banks to sell insurance at the point of granting credit is not in the best interests of consumers.
Bryan Yetman named recipient of 2015 Dale Rempel Award of Excellence: IBAC
September 30, 2015 by Canadian UnderwriterBryan Yetman, vice president of operations for First Durham Insurance and Financial in Pickering, Ont., has been recognized for his commitment and excellence in broker education with the 2015 Dale Rempel Award of Excellence. This is the second year the Insurance…
Quebec brokerage association welcomes Bill 188 review process, calls for greater efficiency and fairness
September 30, 2015 by Canadian UnderwriterQuebec’s brokerage association is welcoming the provincial finance ministry’s efforts to update financial legislation, but is calling for “greater efficiency and fairness in how the rules are applied.” The Regroupement des cabinets de courtage d’assurance du Québec (RCCAQ) recently submitted…
Joint venture results in new Canadian insurance brokerage Moore-McLean Gateway Insurance Group Ltd.
September 29, 2015 by Canadian UnderwriterToronto-based Moore-McLean Insurance Group Ltd. and Gateway Insurance Group of Halifax, N.S. announced on Tuesday the formation of a new joint venture company, Moore-McLean Gateway Insurance Group. With offices in Halifax and Toronto, Moore-McLean Gateway (MMG) will leverage the “considerable…
Lack of understanding the overarching risk of uninitiated companies looking to seize benefits of drone use: Zurich Canada
September 28, 2015 Angela Stelmakowich, EditorThe expanding interest in drones means many companies and industries considering their use will be engaged in an aviation activity for the first time, necessitating that they have a firm grasp of associated risks before moving forward, suggests a new…
Brokers up to managing challenges in coming year: IBAC president-elect
September 26, 2015 Angela Stelmakowich, EditorIt will be a challenging year for the insurance industry, but brokers will be able to manage those challenges with continued focus and hard work, Lorne Perry, president-elect of the Insurance Brokers Association of Canada (IBAC), suggested during IBAC’s annual…
Unica Insurance obtains CSIO certification for commercial lines eDocs
September 24, 2015 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) announced on Thursday that Mississauga, Ont.-based Unica Insurance has obtained CSIO certification for commercial lines eDocs. eDocs is intended to help brokers save time by allowing them to download policy documents directly…
Zurich’s preliminary estimate of its expected Tianjin losses US$275 million
September 24, 2015 by Canadian UnderwriterZurich Insurance Group has announced it currently estimates aggregate losses of about US$275 million in connection with mid-August’s series of explosions at a container storage station in the Port of Tianjin in China. The US$275 million estimate for Tianjin losses…
Marine cat model includes vulnerability curves for cargo
September 14, 2015 by Canadian UnderwriterAon Benfield announced Monday a catastrophe model, for marine and energy insurers, which includes databases on major ports and vulnerability curves for different types of cargo. London-based Aon plc stated that its reinsurance intermediary unit partnered with Risk Management Solutions…
Challenging market conditions continue to put pressure on reinsurance pricing: Guy Carpenter
September 14, 2015 by Canadian UnderwriterAbundant capacity, the influx of new capital and limited loss experience is keeping the pressure on reinsurance pricing, terms and conditions, Alex Moczarski, president and CEO of Guy Carpenter & Company, LLC and chairman of Marsh & McLennan Companies International,…