Keyword
consolidation
The pros and cons of consolidation in the tech vendor space
November 6, 2019 by Jason ContantWhen there is consolidation in the industry, concerns about the erosion of choice is common. And the tech vendor space is no different. On Oct. 15, Applied Systems announced the acquisition of Policy Works, a major platform for commercial lines…
Canadian P&C consolidation will leave only “a few tables left”: broker
June 25, 2018 by Greg MeckbachLook for consolidation to continue within the Canadian property and casualty insurance industry, senior industry executives predicted at a recent conference. Also, expect insurers to take on a greater role in distributing the products. Speaking about consolidation, Adam Mitchell, the…
Brokers taking the initiative to embrace digital transformation: Insurance Analytics Canada speaker
July 4, 2017 Jason Contant, Online EditorMany brokers are taking the bull by the horns and embracing digital transformation, with or without the help of insurers, a speaker suggested last week at the Insurance Analytics Canada Summit in downtown Toronto. Greg McCutcheon, president of Markham, Ont.-based…
Technological change and cyber risk overtake regulation as top risks for global insurers: study
May 31, 2017 by Canadian UnderwriterThe global insurance industry’s ability to confront structural and technological changes is now the greatest risk it faces, according to a new survey of insurers and close observers of the sector, released on Tuesday. The Centre for the Study of…
Market conditions continue to support high levels of insurance distribution and services M&A activity going forward: Conning
April 3, 2017 by Canadian UnderwriterWhile the mergers and acquisitions (M&A) market for insurance distribution and services “cooled slightly” in 2016 from the prior year, market conditions continue to support high levels of M&A activity going forward, according to a new study from Hartford, Conn.-based…
Strategic planning of Canada’s p&c industry must extend to five, 10 years: Cook
January 11, 2017 by Angela StelmakowichCanada’s property and casualty insurance industry must look farther ahead in its strategic planning than it may be used to ensure it fully grasps developing conditions and can address related changes, Philip Cook, CEO of Omega Insurance Holdings Inc., suggested…
Ontario brokerage Smith & Associates Insurance consolidates with The Standard Insurance Brokers
January 10, 2017 by Canadian UnderwriterThunder Bay, Ont.-based brokerage Smith & Associates Insurance has announced its consolidation with The Standard Insurance Brokers, effective Tuesday. This consolidation will allow both organizations to offer a broader scope of products to clients, enhance their long established relationships with…
Canadian P&C outlook stable, driven by good demand, strong underwriting discipline and solid balance sheets: Moody’s
December 13, 2016 by Canadian UnderwriterThe outlook for the Canadian property and casualty (P&C) industry is stable, driven by good demand, strong underwriting discipline and solid balance sheets, Moody’s Investors Service said in a report released on Monday. However, despite the stable outlook, these trends…
Continued consolidation in Canadian broker and carrier spaces could create absence of mid-sized players: KPMG conference speaker
December 7, 2016 Jason Contant, Online EditorThe continued consolidation in both the insurance broker and carrier spaces in Canada could create an absence of mid-sized players, a speaker suggested on Wednesday at KPMG’s 25th Annual Insurance Conference in Toronto. “You could see a creation of an…
Weakening reinsurance environment leaving more reinsurers vulnerable to takeover in 2017: Fitch
September 13, 2016 by Canadian UnderwriterWeak profitability is likely to leave more reinsurers worldwide vulnerable to takeover in 2017, reinvigorating mergers and acquisitions (M&A) activity as healthier firms seek growth and efficiency savings, Fitch Ratings said on Monday. Consolidation in the sector has stalled after…