Keyword
succession planning
How long before your new CEO should be planning an exit strategy?
November 5, 2019 by Jason ContantYour new CEO is just six months into the job. It’s time to start thinking about their exit strategy. Yes, that’s right. Good CEOs start planning for their succession as soon as their onboarding is complete. They should not wait…
How to bring adult children back into the family brokerage
July 25, 2018 by Jason ContantFor brokerages considering succession planning, allowing the next generation to “find their own path in the world and then successfully boomerang back into roles in the family business is critical to the future” of the business, according to a new…
BFL Canada receives capital injection from Quebec pension fund manager
June 28, 2018 by David GambrillLa Caisse de dépôt et placement du Québec (CDPQ), a Quebec pension fund manager, has acquired a 20 per cent minority interest in BFL Canada, one of the largest commercial insurance brokers in Canada. The investment will help BFL Canada,…
Will a “wave of succession” spur M&A for Canadian brokerages?
January 16, 2018 by Jason ContantSuccession planning has triggered an uptick in brokerage mergers and acquisitions over the last couple of years, an industry analyst told Canadian Underwriter recently. “I would say there’s an uptick in assets coming to market that are owner-operated, where succession…
Claims industry improving on creation of succession plans, but planning should be for all industry positions: Cook
January 30, 2017 Jason Contant, Online EditorThe claims industry is doing a much better job of developing leaders and creating succession plans than it has in the past, Phil Cook, CEO of Omega Insurance Holdings Inc., said during the CICMA/CIAA Ontario Chapters’ 50th Annual Joint Conference…
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…