Canadian Underwriter

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Brokers


Building a mixed gender management team
News EmploymentInsurance

Key components of a successful talent-acquisition strategy

September 15, 2022 by Jason Contant

Canadian P&C companies should use data analytics for their talent acquisition (TA) strategies just as they do in other parts of the business, a speaker told Wednesday’s Reuters Events’ Future of Insurance Canada 2022 conference. “The traditional recruitment model is…

Big rig trucks parked in a fleet facility
News BrokersInsuranceRisk

Why rig-handling analytics are now key for brokers insuring trucking firms

September 14, 2022 Jason Contant

Supply chain challenges, shrinking capacity, electrification of vehicles and better data management are among the pressures facing transportation clients, said Canada’s largest insurer. “You can’t be a specialist in transportation in the insurance field if you don’t really understand the

Office workstation top view with businesspeople working around M&A
News BrokersInsurance

Busy month in M&A for BrokerLink, Westland

September 14, 2022 by Jason Contant

BrokerLink and Westland Insurance Group announced a series of brokerage M&A deals in September, including the acquisitions of a total of four brokerages and one employee benefits firm between them.  BrokerLink announced the acquisition of J.W. Davis Insurance Brokers and

Cargo airplane flying over container ship in the ocean.
News BrokersCommercial LinesInsuranceMarkets / CoveragesRisk

Commercial insureds favour supply chain certainty over higher costs of goods

September 14, 2022 by David Gambrill

Commercial clients of the Canadian P&C industry are pragmatically accepting higher costs of goods to achieve more certainty around product and service delivery, one P&C industry executive observed. It’s a pragmatic response to a volatile world featuring war, a looming

Grey chain links with the middle chain snapping and red
News BrokersInsuranceRisk

Strategies for mitigating business loss from supply chain delays

September 14, 2022 by Alyssa DiSabatino

To mitigate supply chain risk, commercial brokers and risk managers can advise their insureds to expand their vendor networks, manage and revisit their contracts regularly, work with local suppliers, and remove links in the chain, industry experts said in a

Businessman Stop Domino Effect. Risk Management and Insurance Concept
News BrokersCatastrophesInsuranceRisk

Why your business should use integrated models of risk

September 13, 2022 by Alyssa DiSabatino

In the midst of geopolitical volatility, a changing climate, inflationary pressures, emerging energy products and more, the best thing risk committees can do is build integrated models of risk, says Janice Gross Stein, founding director of the University of Toronto’s

Oil sands oil being held by a field worker
News BrokersCommercial LinesInsuranceLegislation / RegulationMarkets / CoveragesReinsuranceRisk

Alberta’s captive insurance option gets another boost

September 12, 2022 Philip Porado

New Alberta legislation allowing captive insurance companies to set up and domicile in the province has started to bear fruit. Insurance and reinsurance broker BMS is launching BMS Captive Insurance Services. The Alberta-based division will provide strategic advisory services and

Business merger and acquisition concept
News Insurance

What’s new in the latest brokerage M&A deals

September 9, 2022 by Jason Contant

An Ontario-based insurance group with a mutual insurer as strategic partner has acquired Stan Darling Insurance, a local brokerage with four offices, in a deal announced Wednesday. The insurance group is led by Kevin McKinnon and its strategic partner, The

FSRA's in-office logo
News InsuranceLegislation / RegulationMarkets / Coverages

What the regulator’s review of auto insurance health care practitioners uncovered

September 9, 2022 by Alyssa DiSabatino

Ontario’s insurance market conduct regulator took a closer look at how auto insurance health care providers are billing insurers through the province’s electronic billing system, and found that 27 medical health professionals on the billing roster have been sanctioned by

Is Canada going into recession?
News BrokersCatastrophesClaimsCommercial LinesConstructionInsuranceMarkets / CoveragesReinsuranceRisk

Lessons from COVID-19 will help brokers get clients through a recession

September 9, 2022 David Gambrill

If a long-predicted recession comes to pass, brokers will need to stay close to their clients’ changing needs. But in some ways, commercial insurance brokers have gained an advantage from the discipline developed while navigating their clients through COVID-19. Those

Partners working hard for success
News Insurance

Acquisition sees Westland enter new industry vertical, U.S. market

September 8, 2022 by Jason Contant

Westland Insurance has entered a new industry vertical and the U.S. market for the first time with the acquisition of Front Row Insurance Brokers Inc., one of the largest and most respected film and entertainment insurance brokers in North America.

War clouds and recession lightening could mean problems for reinsurers
News BrokersCommercial LinesInsuranceMarkets / CoveragesReinsurance

What war, sanctions, inflation and looming recession mean for reinsurance

September 8, 2022 Philip Porado

Despite inflation, flagging consumer confidence and slowdowns in GDP globally, reinsurers have been experiencing a firming cycle that’s lasted 19 consecutive quarters, noted David Priebe, chairman of global risk and reinsurance specialist Guy Carpenter during a Sept. 7 briefing call.