Segment
MGAs
U.S. wholesale broker expands into Canada with acquisition of SUM
August 11, 2020 by Jason ContantA United States-based national wholesale insurance broker has acquired Strategic Underwriting Managers, Inc. (SUM), a Canadian managing general agency for property, casualty and other specialty insurance products. Boston-headquartered wholesale broker, program manager, and insurance aggregator One80 Intermediaries announced the acquisition…
A P&C insurance-specific guide for returning to the office: Deloitte
July 21, 2020 by David GambrillAs Canadian P&C insurance industry leaders start to think about bringing employees back to the office, now is a good time to re-think the work required, the workforce skills that will be needed in the future, and what the future…
Despite re-openings, time is ticking on construction clients’ inactivity limits
May 14, 2020 by Adam MalikA “snowball effect” could leave some construction companies facing major financial challenges despite the slow re-opening of some of their closed worksites, one brokerage warns. In some situations, the damage may already be done, leaving brokers scrambling to help out…
Big Moves: Can-Sure founder resurfaces in B.C.’s MGA market
May 4, 2020 by Greg MeckbachP&C veteran Jeff Hart heads up Vailo Insurance Services Ltd., a recently-launched managing general agency
Why insurers can expect to see a surge in demand for pandemic BI coverage
April 1, 2020 by Greg MeckbachYour commercial clients could start asking for business interruption insurance that includes pandemic, if they have not already, a human resources lawyer says. “I think after this pandemic, most companies would probably be well-advised to take a look at their…
What’s going on in the Canadian MGA space?
February 6, 2020 by Jason ContantThe managing general agent space in Canada has been busy over the past few months, with the launch of one MGA and the expansion of another. On Jan. 20, three industry veterans – Jeff Hart, Bruce MacKinnon and Tommy Truong…
An MGA can land in “big trouble” if it fails to do this
January 17, 2020 by Greg MeckbachTechnology could make it easier to start up new managing general agents – which is good news for some and bad news for others, panelists suggested during a recent webinar. “If you [as an MGA] are sitting there thinking, ‘Oh…
Why brokers need to keep abreast of regulatory changes for cannabis
January 3, 2020 by Jason ContantBrokers with cannabis clients need to keep an eye on the changing legal landscape and cannabis companies’ evolving needs, paying particular attention to directors’ and officers’ liability, a managing general agency told Canadian Underwriter recently. Recreational cannabis became legal in…
Top 3 M&A insurance deals in 2019
December 20, 2019 by Jason Contant2019 saw a slew of mergers and acquisitions in the Canadian P&C space and it’s unlikely 2020 will buck the trend. In fact, in the past few weeks alone, one Ontario brokerage bought another one, a Florida-based brokerage bought a…
The latest acquisitions in the Canadian brokerage space
December 17, 2019 by Jason ContantAs we near the end of 2019, the trend in brokerage acquisitions shows no sign of slowing down. In the past week-and-a-half, one Ontario brokerage purchased another Ontario brokerage, a different brokerage bought a managing general agency, a large brokerage…
Who will be who in the Intact commercial specialty crew
December 17, 2019 by Greg MeckbachIntact Financial Corp. announced Tuesday some key executive appointments in its commercial specialty and managing general agent business. Effective Jan. 1, Carla Smith will be senior vice president of specialty solutions for Intact. Pete Weightman, currently Intact’s senior vice president…
Brokers should look for these three things in a cyber insurance policy
December 16, 2019 by Jason ContantCyber insurance policies still tend to be confusing for brokers, but there are three areas that they should focus on, recommends Nathan Rose, senior underwriter and business development specialist with Burns & Wilcox Canada. This includes: 1) policies that have…