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Zurich Canada names new head of property

March 11, 2019 by David Gambrill

Yvonne Steiner has been named head of property for Zurich Canada. She will be a member of the Zurich Canada executive team and report to Zurich Canada CEO Saad Mered, effective Apr. 15. “We are very excited to have a

News InsuranceMGAs

What hard market in liquor liability means for clients

March 11, 2019 by Greg Meckbach

Clients planning St. Patrick’s Day celebrations may find themselves short on luck when it comes to insurance coverage. It’s becoming more difficult for clients to get insurance for liquor-related losses with the terms they need, one managing general agent observes.

News BrokersInsurance

How to sell commercial coverage to small businesses

March 8, 2019 by Jason Contant

Brokers looking to sell commercial coverage to small businesses need to keep it simple, fast and client-specific, industry professionals told Canadian Underwriter Thursday. Sometimes when buzzwords like artificial intelligence, blockchain and chatbots dominate the conversation, the cart comes before the

News InsuranceMergers and Aqcuisitions

Brokerlink acquires family-owned brokerage in Alberta

March 8, 2019 by David Gambrill

BrokerLink has welcomed into its tent a 40-year-old family brokerage located in the Peace River area of northern Alberta. Nicolet Insurance Ltd., a full-service operation offering auto, home, business and travel insurance, has joined Brokerlink, one of Canada’s largest property

News InsuranceTechnology

Wawanesa’s plan to innovate at scale

March 7, 2019 by Jason Contant

Having a flexible and accommodating schedule is key to incorporating innovation into an organization, the director of Wawanesa Mutual Insurance Company’s Innovation Outpost said recently. Last June, Wawanesa opened its Innovation Outpost lab in Kitchener, Ont. One of the first

News BrokersMergers and Aqcuisitions

Gallagher to buy Jardine Lloyd Thompson’s aerospace operations

March 4, 2019 by Greg Meckbach

Arthur J. Gallagher & Co. announced Monday it has agreed to buy the global aerospace operations of  Jardine Lloyd Thompson Group plc. If the deal goes through, about 250 JLT employees worldwide would join Gallagher. Monday’s announcement comes six months

News Commercial LinesInsuranceTechnology

Why the insurance industry needs a “killer use case” for blockchain

February 28, 2019 by Jason Contant

The insurance industry needs a “killer use case” for blockchain that all stakeholders can agree on before moving forward with more widespread adoption, a speaker suggested Wednesday at the Insurance-Canada.ca Technology Conference. “I think we are still on that journey

News Insurance

What real-time, broker-carrier connectivity might cost

February 27, 2019 by David Gambrill

Ninety insurance companies working with Ontario’s broker channel would be looking at a total investment of $4 billion over five years to conform to the CSIO XML standards required for an industry-wide, real-time data exchange solution between brokers and carriers.

News Technology

These three work tasks make the most sense to automate

February 26, 2019 by Jason Contant

If you’re looking to automate at your brokerage or insurance company, scrutinize specific tasks, not entire jobs, recommends a blog from Harvard Business Review. There are three fundamental work characteristics that lend themselves to automation: Repetitive vs. variable work –

News BrokersInsurance

NFP Corp acquires Ontario P&C brokerage

February 20, 2019 by David Gambrill

NFP Corp., a global insurance brokerage and consultant, has acquired Ontario-based property and casualty brokers Mass Insurance Brokers Limited and Easyway Insurance Brokers Inc (collectively known as Mass). Terms of the deal were not disclosed. NFP announced the deal, which

News Insurance

How branding affected these insurers’ consumer scores

February 19, 2019 by Greg Meckbach

An insurer’s popularity among consumers can differ by brand alone, a recent J.D. Power survey indicates. “There are differences when it comes to products, when it comes to distribution, when it comes to your marketing messaging,” Tom Super, director of

News BrokersInsurance

Fines struck for B.C. brokers who issued false receipts to insurers in toll bridge fiasco

February 19, 2019 by David Gambrill

EDITOR’S NOTE:  The story has been corrected to show that FICOM’s position before the Financial Services Tribunal was that the financial penalties were deemed to be insufficient to deter brokers from misrepresenting facts. A previous version incorrectly stated that FICOM’s