Canadian Underwriter

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MGAs


Making a vacation reservation on a laptop
News BrokersClaimsCommercial LinesInsurance

Are your clients’ short-term rental properties properly insured?

November 9, 2022 George Longo

With COVID-19 safety protocols all but eliminated in Canada, many people are travelling and need places to stay. As an alternative to hotels, some are taking short-term rental spaces through services like Airbnb, VRBO and other online platforms. Now that

News AnnouncementsBrokersClaimsCommercial LinesInsuranceMarkets / CoveragesMergers and AqcuisitionsPodcast

CU launches new P&C industry podcast

November 8, 2022 David Gambrill

Canadian Underwriter is pleased to announce today’s launch of its new podcast series, What’s on Dec? in partnership with industry veterans Pete Tessier and Curt Wyatt. Tessier and Wyatt will be well-known to those who listen to The Insurance Podcast,

Snarling vampire on Halloween
News Commercial LinesInsuranceMarkets / CoveragesMGAsProducts

Do your clients need vampire facial coverage this Halloween?

October 28, 2022 by Jason Contant

You may have seen Instagram influencers posting shots of their faces covered in their own blood – a macabre-looking skincare treatment known as a ‘vampire facial.’ Easily mistaken for scary Halloween make-up, a vampire or blood facial, or platelet-rich plasma

Hypnosis eye design line drawing design element.
News AdjustersBrokersInsurance

Mapping your customer’s journey? Try the same with your employees

October 27, 2022 by David Gambrill

Monitoring your company’s systems and processes, as opposed to monitoring the work output of your individual employees, may be the answer to boosting your company’s productivity by 9% to 10% annually, suggests a new article by Harvard Business Review. A

gear breaking under stress.
News BrokersCommercial LinesInsuranceMarkets / CoveragesMGAsProfessional Development

Opinion: How to end subscription policy bottlenecks

October 21, 2022 Douglas Morrow

While the worst of the hard market in Canada is gradually drifting behind us and COVID-19 is taking something of a holiday, not all is rosy, especially for commercial lines business. Brokers worked tirelessly over the past several years to

Signing a contract
News AssociationsBrokersInsuranceLegalMarkets / CoveragesMGAs

How Lloyd’s broke the bottleneck for Canadian MGAs

October 21, 2022 by Jason Contant

Editor’s Note: This article has been revised to clarify the rules around continuous binding authorities emanating from Lloyd’s.   Managing general agents (MGAs) with a binding authority contract from Lloyd’s — and where the capacity under the contract is provided

ESG in the maritime transport industry
News BrokersClimate ChangeInsuranceMarkets / CoveragesMGAs

How ESG affects the entire insurance supply chain

October 20, 2022 by Jason Contant

Implementing environmental, social and governance (ESG) strategies will create a ripple effect impacting the entire insurance supply chain and billions of dollars in investments, said George Longo, president and CEO of MGA Excess Underwriting.  “The ripple effect is going to

Stack of green compliance and rules books
News AssociationsBrokersInsurance

Why RIBO’s considering a harmonized standard for broker licensing, and MGA carve-out

October 4, 2022 by Jason Contant

The Registered Insurance Brokers of Ontario (RIBO) is working with the Canadian Insurance Services Regulatory Organizations (CISRO) to review property & casualty agent and broker education and training requirements to make recommendations regarding a harmonized standard. This could take the

Flash in the pan
News BrokersCommercial LinesInsuranceMarkets / CoveragesMGAsReinsurance

How reinsurers view the rise of MGAs: a flash in the pan, or sustainable?

October 3, 2022 David Gambrill

Global reinsurers are looking at the current rise of managing general agencies (MGAs) with a critical eye, questioning whether the phenomenon will be long-lasting, or simply a fad rooted in a hard-market demand for capacity. “At the risk of sounding

Threads intertwining to represent mergers of eight companies
News AnnouncementsBrokersInsuranceMarkets / CoveragesMergers and AqcuisitionsMGAs

Which firm racked up 8 mergers over the summer?

September 28, 2022 Canadian Underwriter Staff

Brokerage M&A has been hectic so far in 2022, with one firm bringing eight brokerages across Canada under its wing during the summer. Navacord today announced it closed eight acquisitions during July and August that expands the company’s presence in

Shanghai Skyline Sunset. Bridges winding through a mobile screen
News BrokersInsuranceMarkets / CoveragesMGAs

New online platform ‘Bridges’ the gap between brokers and MGAs

August 31, 2022 by David Gambrill

Canadian managing general agencies (MGAs) have developed a new real-time, online platform that allows brokers to match their quote applications with MGAs underwriting that specific class of business. Once the match has been made, the platform promises to shave days,

Greg Irvine-photo
News AppointmentsBrokersInsurance

Meet Navacord’s new president of MGA underwriting solutions

August 24, 2022 by David Gambrill

Navacord Corp. has appointed Greg Irvine into the newly created role of president of MGA underwriting solutions, effective Sept 6, 2022. Irvine brings more than 20 years of insurance industry experience to Navacord and will be leading all managing general