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commissions

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This company is accelerating broker commissions

April 13, 2020 by Adam Malik

Some brokers will be getting their commission payments sooner from Travelers Canada, the company announced just before the Easter weekend. The move is being applauded by the Insurance Brokers of Canada (IBAC). Those who are on an annual payment system

News BrokersInsuranceMarkets / Coverages

How brokerage commissions are trending in today’s market

August 21, 2019 by Jason Contant

What are the trends in brokerage commissions in the Canadian P&C insurance space? Brokerage compensation arrangements have definitely tightened, with average producer compensation closer to 33% to 35%, plus benefits, a P&C transaction advisor told Canadian Underwriter Tuesday. “This might

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

SCOR posts net income of 292 million euros for the first half of 2017

July 27, 2017 by Canadian Underwriter

French reinsurer SCOR has reported a net income of 292 million euros for the first half of the year, up from 275 million euros in the first half of 2016. The company’s net combined ratio in P&C was 93.5% for

News InsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Global insurance brokers sector will hit US$54.8 billion in 2021 as growth remains impressive despite deceleration: report

July 25, 2017 by Canadian Underwriter

The global insurance brokers sector will reach US$54.8 billion in 2021, according to data from research company MarketLine. The global insurance brokers sector has experienced “impressive growth” in recent years, registering a compound annual growth rate (CAGR) of 7% between

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Arthur J. Gallagher reports brokerage revenues of US$878.5 million for Q1 2017

May 1, 2017 by Canadian Underwriter

Arthur J. Gallagher & Co. (AJG) has reported brokerage revenues of US$878.5 million for the first quarter of 2017 ending March 31, up 6% from US$825.5 million in the first quarter of 2016. Rolling Meadows, Ill.-based AJG reported its financial

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Aon reports 3% organic growth in brokerage revenue

May 4, 2016 by Canadian Underwriter

Aon plc recently reported a 1% drop year-over-year drop in its first-quarter commissions, fees and other revenue from its insurance brokerage business, driven mainly by currency fluctuations. London-based Aon released April 29 its financial results for the three months ending