Canadian Underwriter

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Parametric insurance: a solution for businesses of any size?

March 4, 2022 by Alyssa DiSabatino

Natural catastrophes can affect businesses of any size, and parametric insurance can provide solutions for small accounts, too — not just large ones, panellists said at a Canadian Underwriter webinar on Wednesday.   Parametric insurance is a type of index-based insurance

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News Insurance

Challenging market conditions remain for these two lines in Canada

February 10, 2022 by Jason Contant

Market conditions for cyber and directors’ and officers’ (D&O) lines of business remain challenging in Canada, according to Aon plc’s latest quarterly Global Market Insights Report. Aon’s report for the fourth quarter of 2021, released Wednesday, emphasizes how new forms

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News Insurance

Behind the hard-hit condo insurance market in B.C. and Alberta

January 20, 2022 by Jason Contant

Wood frame construction for stratas, increased building material costs, and earthquake exposure in British Columbia contributed to the skyrocketing condo insurance premiums that hard market sector saw over the past few years, an Aon executive says. “There’s a lot more

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News Insurance

Signs for optimism in the condo insurance market?

January 18, 2022 by Jason Contant

Condo insurance premiums in Canada appear to be stabilizing following years of premium and deductible increases. “You should see some flattening, maybe some tapering, in some insurance rates in this sector in the near future for most good risks and

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Job opening: Lead this global Top 3 brokerage’s Canadian operation

October 14, 2021 by Greg Meckbach

If you think you have what it takes to lead Willis Towers Watson’s Canadian corporate risk and brokerage business, the job is open and it’s not too late to apply. “We’re currently interviewing,” said Ofelia Isabel, managing director, Toronto market

News BrokersMergers and Aqcuisitions

Stoppage of Aon-Willis combo won’t slow brokerage M&A activity: KPMG Canada deal advisor

July 28, 2021 by Greg Meckbach

Mid-sized brokers need to be careful in their approach to mergers-and-acquisition proposals but the abrupt cancellation of Aon’s $30-billion acquisition of Willis Towers Watson is not going to slow down deal-making within the brokerage sector, a Montreal-based insurance M&A expert

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

How many people Marsh hired amidst ‘distraction and uncertainty’ of Aon-Willis merger discussions

July 26, 2021 by Greg Meckbach

Amid the uncertainty over Aon PLC’s now-scuttled plan to acquire Willis Towers Watson PLC, Marsh & McLennan Companies Inc. increased its staff level by nearly 2,000 during the first half of 2021, Marsh & McLennan CEO Dan Glaser says. “We

News BrokersMergers and Aqcuisitions

Aon-Willis merger no longer going ahead

July 26, 2021 by Greg Meckbach

Aon plc is no longer going to acquire Willis Towers Watson plc. Aon and Willis – the world’s second and third biggest commercial property and casualty brokerage respectively – are terminating their US$30-billion combination agreement, Aon announced Monday. The proposed

News Insurance

Do webinars have a future, post-pandemic?

July 14, 2021 by Adam Malik

Webinars are here to stay, says a brokerage executive. Many organizations turned to webinars following the onset of the global COVID-19 pandemic in March 2020. It was a way to connect, share information, and maintain a foothold in providing expert

News Insurance

Why brokers’ virtual meetings will survive the pandemic

July 8, 2021 by Adam Malik

Virtual meetings during the pandemic have allowed brokers to conduct more structured client meetings with a sharper focus, according to an expert from Aon. Sixteeen months ago, at the onset of the global pandemic, video meetings produced some confusion because

News BrokersInsuranceMergers and Aqcuisitions

Aon-Willis deal under review by Competition Bureau

July 5, 2021 by Greg Meckbach

Canada’s competition regulator is reviewing the proposed merger of global brokerages Aon plc and Willis Towers Watson plc, but the federal government is not saying whether it has actually received any complaints. The US$30-billion deal, originally announced in March 2020,

News Insurance

Your work is about to change. Why working from home won’t be the same

July 5, 2021 by Adam Malik

Working from home more often means a change to the way property and casualty insurance industry professionals do their jobs, as well as the expectations between employee and employer, according to an expert from Aon. “Part of your job duties,