Canadian Underwriter


Talent acquisition concept
News BrokersCommercial LinesInsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

BrokerLink president shares thoughts on brokerage M&A

May 24, 2023 by Jason Contant

BrokerLink still sees plenty of M&A opportunities in provinces where it currently operates and doesn’t have any immediate plans to expand into new geographic areas, the brokerage’s president told Canadian Underwriter in an interview Tuesday. BrokerLink is focusing its resources

Vin Diesel filming a Fast & Furious movie
News BrokersInsuranceMarkets / Coverages

How much it would cost to insure Fast & Furious supercars

May 11, 2023 by Jason Contant

If you’re a fan of the Fast & Furious movie franchise, you’re probably looking forward to the 10th installment — Fast X — which opens May 19.  But have you ever given much thought to how much it costs to

Jigsaw puzzle pieces - M&A concept
News BrokersInsuranceMergers and Aqcuisitions

IBAO CEO’s thoughts on McDougall-McFarlan Rowlands merger

May 10, 2023 by Jason Contant

McDougall Insurance’s recent merger with McFarlan Rowlands shows the broker distribution network continues to be a healthy investment choice, Insurance Brokers Association of Ontario (IBAO) CEO Colin Simpson told Canadian Underwriter recently. Of course, the larger independent brokerage groups become,

Group of businesspeople holding jigsaw puzzle pieces
News BrokersInsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

Definity’s McDougall merges with McFarlan Rowlands 

May 8, 2023 by Jason Contant

Large Ontario brokerage McDougall Insurance Brokers Limited, a subsidiary of Definity Financial Corporation, has merged with another large provincial brokerage — McFarlan Rowlands Insurance Brokers Inc.  The combination of McDougall and McFarlan Rowlands represents more than $700 million in annual

Mergers and acquisitions concept
News BrokersInsuranceMarkets / CoveragesMergers and Aqcuisitions

Westland expands reach in Ontario with latest acquisition

May 5, 2023 by Jason Contant

Westland Insurance has acquired Ontario-based First Durham Insurance & Financial Ltd., one of the largest and oldest full-service independent brokerages in the Durham Region. “Effective May 1, this acquisition helps Westland expand its reach in the important Ontario market,” Westland

We've got ourselves a deal
News BrokersInsuranceMarkets / CoveragesMergers and Aqcuisitions

Navacord makes largest acquisition of the year

April 24, 2023 by Jason Contant

Navacord has made its fifth and largest transaction of the year with the acquisition of British Columbia-based SeaFirst Insurance Brokers, effective Apr. 1. With roots dating back to 1950, SeaFirst Insurance has since grown to one of the largest commercial

Laura Doddington, WTW's new North America Proposition Leader
News AnnouncementsAppointmentsBrokersInsurance

Meet WTW’s new North America Proposition Leader

April 17, 2023 by Jason Contant

Laura Doddington has been appointed as WTW’s new North America Proposition Leader, the commercial brokerage announced Monday. Based in Toronto, Doddington will be responsible for pricing, product, claims and underwriting (PPCU) personal lines for WTW’s Insurance Consulting and Technology business.

Canada braces for an economic downturn
News BrokersCommercial LinesInsurance

Brokers braced for tough conversations when the economy slips

April 14, 2023 Alyssa Di Sabatino

Most economists are still calling for some degree of economic downturn later in 2023. That makes the road ahead uncertain for commercial companies, and many can be expected to seek ways to tighten their belts. For some, cost-cutting measures may

What's the economic outlook for 2023?
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What financial uncertainty may mean for D&O claims

April 12, 2023 Philip Porado

Private companies, including not-for-profits, face rising legal and other exposures from lenders and private investors, customers and employees that can impact Directors & Officers (D&O) insurance policies. And, over the past three years, economic volatility has emerged as a key

Diverse hands completing a puzzle to represent diversity in a corporate environment
News BrokersInsuranceProfessional Development

Top 3 ways Canada’s insurance brokerages promote diversity

April 6, 2023 Philip Porado

Regardless of how far along Canadian brokerages are in their efforts to build diverse workplaces, they are in general agreement about the best ways to get there. And that’s the case even among firms that acknowledge they haven’t yet made

Business team success and partnership
News AppointmentsBrokersCommercial LinesEmploymentInsuranceMergers and AqcuisitionsProfessional Development

McDougall merges with 100-year-old brokerage

April 5, 2023 by Jason Contant

McDougall Insurance has merged with 100-year-old brokerage Rayburn Insurance Brokers Ltd., a fourth-generation family-owned business located in Tweed, Ont.  Rayburn Insurance has been in business since 1922. The brokerage serves Tweed, Northbrook and surrounding areas, offering home, auto, commercial, farm,

News BrokersInsuranceTechnology

Sales column: Want a client’s business? Just ask for it

April 5, 2023 Adam Mitchell

I recently heard radio hosts discussing actor and comedian Pete Davidson’s golden dating resume. They reached the conclusion he’s been in relationships with so many high-profile celebrities like Kim Kardashian and Ariana Grande not because he’s charming, self-deprecating or has