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News BrokersInsurance

Top 10 Under 40, 2018: Danish Yusuf, Zensurance

October 30, 2018 Brooke Smith

Who are the brightest young talents in Canadian P&C today? Each year, Canadian Insurance Top Broker magazine (recently acquired by CU) answers that question with its Top 10 Under 40. Meet the other winners here, and don’t forget to pick

News BrokersInsurance

Top 10 Under 40, 2018: Thomas Watson, Guardsman Insurance Services

October 29, 2018 Danielle Kubes

Who are the brightest young talents in Canadian P&C today? Each year, Canadian Insurance Top Broker magazine (recently acquired by CU) answers that question with its Top 10 Under 40. Meet the other winners here, and don’t forget to pick

News BrokersInsuranceProfessional Development

The Power of Broker Specialization

October 27, 2018 by David Gambrill

This story is one in a series reporting on the results of 2018 National Broker Survey, conducted by Canadian Underwriter.  The survey of more than 800 P&C brokers nationally was designed to identify the success strategies of both producers and principals. Find other instalments in the

News InsuranceMarkets / Coverages

Welcome news for employee benefit providers in Canada

October 24, 2018 by Jason Contant

Employer medical cost inflation in Canada is trending lower than global averages, which is “welcome news for employers providing employee benefits in Canada,” commercial brokerage Aon said Tuesday. For the second year in a row, medical cost inflation in Canada

News BrokersClaimsInsuranceMarkets / Coverages

Signs of the hardening market in property lines

October 23, 2018 by Jason Contant

One multi-location brokerage in Nova Scotia is seeing hardening of property lines in the province, in line with a recent spike in property claims ratios across the country. Canadian federally regulated insurers have incurred $5.5 billion in property claims up

News Brokers

Former brokerage president voted in as this city’s mayor

October 23, 2018 by Greg Meckbach

Ed Holder, who led a major expansion of commercial brokerage Stevenson and Hunt Insurance Brokers Ltd., is the new mayor of London, Ontario. All Ontario municipalities held elections Monday. Unofficial results published Tuesday indicated Londoners elected Holder, who was president

News BrokersInsuranceMarkets / Coverages

Why this brokerage doesn’t focus on performance-based compensation

October 22, 2018 by Jason Contant

Creating competition in the workplace is not a good environment for growing teamwork and is one of the reasons an independent insurance brokerage in Nova Scotia doesn’t focus on performance-based compensation. “Our notion on compensation is that we are trying

News BrokersInsuranceMarkets / Coverages

Brokers need to intensify lobby on auto file: Intact president

October 18, 2018 by David Gambrill

Facing an imminent hard market in auto insurance lines, brokers need to intensify their lobbying efforts to inform Ontario MPPs about the pricing issues associated with the auto insurance product, a senior executive of Canada’s largest insurer told brokers Thursday.

News Legislation / Regulation

How new tax laws could affect brokers’ retirement plans

October 18, 2018 by Greg Meckbach

Brokerage owners looking for ways to reduce their tax bill could have more incentive in 2019 to max out their registered retirement savings plan, a tax expert told Canadian Underwriter. For some family-owned businesses, there is “an added reason” for

News BrokersInsuranceMergers and Aqcuisitions

National brokerage A.P. Reid Insurance steps up acquisition strategy

October 14, 2018 by Jason Contant

National brokerage A.P. Reid Insurance Limited has announced its intention to acquire Wardell Insurance Limited effective Jan. 1, 2019. Following the completion of the transaction, Wardell’s Burlington, Ont. office and A.P. Reid’s office in nearby Waterdown, Ont. will merge into

News BrokersInsuranceProfessional Development

How this commercial brokerage addresses skills shortages

October 14, 2018 by Greg Meckbach

Brokerage owners in some regions are struggling to find staff who know commercial lines. “There are very few people (in Saskatchewan) who understand commercial insurance deeply,” said David Reidy, president and CEO of Regina-based commercial brokerage Henderson Insurance Inc. To

News BrokersInsuranceTechnology

What brokers need to know about setting up a chatbot

October 11, 2018 by Jason Contant

Brokers looking to set up a chatbot on their site should know the core business purpose of the chatbot and how to manage customer expectations, Mitchell & Whale Insurance Brokers said recently. “Do you want it to answer common customer