Canadian Underwriter


News InsuranceTechnology

This business process is taking too long

June 10, 2019 by Greg Meckbach

Some brokers and carriers are spending too much time and effort dealing with incoming paper, a former auto underwriter says. While technology advancements mean more forms can be entered electronically through web and mobile apps, brokers nonetheless have data coming

News BrokersMergers and Aqcuisitions

Brokerage makes third acquisition in Ontario

June 10, 2019 by Jason Contant

Alberta-based brokerage Western Financial Group is continuing its strategic expansion into Ontario with its third brokerage acquisition in the province. High River, Alta-headquartered Western acquired EGM Insurance Group effective May 31, Western said in a press release last week. Based

News Brokers

Why a hard market calls for soft skills

June 10, 2019 by Adam Malik

With a hard market tightening its grip on the insurance industry, brokers will need to be on their toes. They’ll be facing pushback from customers as premiums increase with little relief in sight as there are no signs of the

News InsuranceProductsTechnology

Should cyber insurance products become more standardized?

June 10, 2019 by Jason Contant

How far along is the Canadian insurance industry in terms of cyber product standardization? While some of the standard language for base coverage has become more standardized over the years, there is still an overall general lack of standardization. There

News AppointmentsInsurance

Aviva Canada names new CEO

June 7, 2019 by Jason Contant

Jason Storah will become the new CEO of Aviva Canada on July 1, the company announced Friday. Colm Holmes, who took the helm as CEO of Aviva Canada in March 2018, will return to London, U.K., where he will assume

News BrokersCommercial LinesEmploymentInsuranceMarkets / Coverages

Large commercial brokerage expands presence in benefits space

June 6, 2019 by Jason Contant

Yet another commercial brokerage has expanded its presence in the benefits space in Canada. Toronto-headquartered Navacord Corp. announced Tuesday the acquisition of Toronto-based Future Benefits Management Inc. (FBMI), effective June 3. Founded in 1995 and exclusively focused on group benefits,

News BrokersClaimsInsuranceTechnology

How reliable are severe weather emergency alerts?

June 5, 2019 by Jason Contant

Two tornadoes that swept through the Ottawa region Sunday have prompted questions about the effectiveness of Canada’s emergency alert system. Questions arose after numerous residents reported that they never received warnings about a tornado that hit Orléans, an east-end suburb

News BrokersInsuranceLegislation / Regulation

Brokerage fined for rebating premium to unhappy client

June 3, 2019 by David Gambrill

A Manitoba brokerage recently found itself in hot water with the regulator for rebating premium money to a dissatisfied client. Insurance Council of Manitoba ruled that Donbar Agency Limited, which operates as Crossroads Insurance, should not have rebated an unhappy

News BrokersInsuranceMarkets / Coverages

Brokers concerned about blanket approach to binding authority restrictions

May 31, 2019 by Jason Contant

With wildfires raging in northern Alberta and Ontario, brokers are reporting some funky outcomes associated with insurers’ binding authority restrictions. Under the restrictions, brokers cannot bind coverage in areas under civil authority, forest fire alerts, flood alerts and certain earthquake

News MGAs

New COO, EVP for Totten

May 28, 2019 by Jason Contant

Paul Meinschenk has joined managing general agency (MGA) Totten Insurance Group as chief operating officer and executive vice president, effective May 31. With 18 years of experience in the insurance industry, Meinschenk was mostly recently vice president of sales and

News AppointmentsBrokers

This ‘leading practitioner’ in insurance law is now a judge

May 27, 2019 by Greg Meckbach

CORRECTION NOTICE: In an earlier version of this story, Glen L.C. Noel was incorrectly identified as a lawyer representing Lloyd’s in Lawlor v. Royal. In fact, Noel represented Mary Lawlor in that case. Canadian Underwriter regrets the error. Glen L.C.

News BrokersMergers and Aqcuisitions

Is there culture after an acquisition?

May 23, 2019 by Adam Malik

A question posed at a recent event asked how many of the approximately 30 people in the room had ever been part of an acquisition or merger. Almost every hand went up. It seems just about every broker has been