Canadian Underwriter

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News InsuranceMergers and AqcuisitionsTechnology

How “differentiated” technology will change M&A valuations

October 3, 2018 by Jason Contant

Buyers are increasingly targeting “differentiated” technology in merger and acquisition (M&A) deals, knowing they are going to be judged on the potential of what they can achieve with the technology they are purchasing. The value of an acquisition will increasingly

News BrokersMergers and Aqcuisitions

The Co-operators acquires personal and commercial lines brokerage in Quebec

October 3, 2018 by Jason Contant

The Co-operators has acquired Robert Poirier & Associés, Courtier d’assurance inc. (Assurance Robert Poirier), a personal and commercial lines brokerage in Gatineau, Que. Guelph, Ont.-based The Co-operators has seen steady growth in Quebec over the past several years, and acquiring

News Legislation / RegulationRisk

The ‘wake-up call’ for brokers placing D&O liability

October 2, 2018 by Greg Meckbach

A multi-million-dollar pollution clean-up order that spooked the Canadian insurance industry has some commercial brokers taking a good hard look at the exact wording of mid- to large-sized clients’ directors and officers (D&O) liability policies. The Ontario Ministry of the

News BrokersInsurance

Will Nova Scotia earthquake spur uptake in insurance coverage?

October 1, 2018 by Jason Contant

A small earthquake that struck Nova Scotia’s western shore Saturday has again highlighted the lack of uptake of earthquake coverage in Atlantic Canada. At about 10:30 a.m. on the morning of Sept. 29, a magnitude-3.1 quake struck off the coast

News BrokersInsuranceMarkets / CoveragesProfessional Development

How to bring up the marijuana discussion with clients

September 28, 2018 by Jason Contant

Brokers need to know what their client’s habitational lease or contract states about marijuana use to provide their best advice, the Insurance Brokers Association of Ontario said Thursday. Kevin O’Hare, IBAO’s education supervisor and instructional designer, said brokers need to

News Brokers

Why brokers should ‘shoot the breeze’ with clients

September 25, 2018 by Greg Meckbach

While brokers communicate with clients for a variety of reasons, such as renewals and claims, “shooting the breeze” can be just as beneficial for the business, suggests a speaker scheduled to address next month’s Insurance Brokers Association of Ontario annual

News BrokersLegislation / RegulationTechnology

Why cyber can be a hard sell for brokers

September 24, 2018 by Greg Meckbach

Data breaches are all over the news, but convincing some corporate clients to spend in the neighbourhood of $1,000 a year for insurance coverage can be an uphill battle. Some cyber insurance products cost around $100 a year, but those

News BrokersClaimsInsuranceLegislation / RegulationRisk

How commercial insurers are addressing this D&O coverage gap

September 21, 2018 by Greg Meckbach

If your corporate client goes under and occupies polluted land, what happens if individual directors are left on the hook to clean up environmental contamination? This is the subject of “long, complex discussions” that Aon Canada brokers are having with

News BrokersInsuranceTechnology

How artificial intelligence can help brokers close sales

September 20, 2018 by Greg Meckbach

Artificial intelligence could help a brokerage figure out how likely a prospective client is to actually buy insurance. At least that’s what officials with Surex Direct are hoping. Magreth, Alta.-based Surex Direct places home, auto and commercial lines and says

News Legislation / RegulationRisk

How marijuana legalization could impact workplace risk

September 20, 2018 by Greg Meckbach

Canadian workplaces are likely to see an increase in marijuana use but the changes resulting from cannabis legalization next month will be “more evolutionary than revolutionary,” suggests a speaker scheduled to address next month’s Insurance Brokers Association of Ontario (IBAO)

News BrokersMergers and Aqcuisitions

More commercial brokerage consolidation could follow Marsh-JLT combo

September 19, 2018 by Greg Meckbach

A US$6-billion merger between Marsh & McLennan Companies Inc. and Jardine Lloyd Thompson Group Plc could form the world’s largest commercial brokerage, and more mergers and acquisitions among commercial brokerages will likely to follow, a Canadian M&A expert suggests. Marsh

News BrokersInsurance

How Intact and Aviva are preparing for a possible Canada Post strike

September 19, 2018 by Jason Contant

Canada’s two largest insurers have plans in place to provide policy documents to consumers in the event of a postal strike. Workers at Canada Post may strike as early as Sept. 26 if their union cannot reach a new contract