Settling claims in-house was one reason this MGA got acquired
October 7, 2018 by Greg MeckbachTotten Insurance Group Inc. might start offering brokers quotes within 24 hours on certain lines, the company’s president told Canadian Underwriter Friday. Totten, a Toronto-based managing general agent, recently acquired Saint John, N.B.-based MGA Anderson McTague & Associates Ltd., a…
Hub subsidiary Totten buys MGA in Atlantic Canada
October 3, 2018 by Greg MeckbachAnderson McTague & Associates Ltd., a New Brunswick-based coverholder in the Lloyd’s market, has been acquired by Toronto-based Totten Insurance Group Inc., a subsidiary of Hub International Ltd. Totten Insurance is a managing general agency founded in 2002 by H.…
Working around the workarounds
October 1, 2018 Lisa Kerr, president, Zynamic SolutionsThere is a lot of room to improve the current process for buying commercial insurance in Canada. In a brokerage, fully half of the 24 common touchpoints involved in processing a single new commercial policy could be removed through automation,…
First General names new head of central and eastern Ontario offices
October 1, 2018 by David GambrillFirst General, a North American restoration network with operations across Canada, has appointed Dan Burns to be the regional director of its central and eastern Ontario offices. First General has more than 80 general locations in Canada and the United…
Marsh & McLennan agrees to buy Jardine Lloyd Thompson
September 18, 2018 by Greg MeckbachIf a US$6.4-billion deal announced Tuesday is approved, commercial brokerages Marsh and Jardine Lloyd Thompson will be owned by the same company. New York City-based Marsh & McLennan Companies Inc. says its board of directors has agreed to an acquisition…
Mitchell data confirms increased Canadian collision costs
September 17, 2018 by Jason ContantRecent data from Mitchell International seems to confirm what Canadian insurers have been saying: collision repair costs and severity potential is increasing. On Sept. 11, Mitchell released its Canada Collision Summary: Q2 2018 report. It includes Canada-specific data from body…
Commercial insurer Ironshore Canada rebranding
September 16, 2018 by Greg MeckbachCommercial specialty insurer Ironshore Canada is being re-branded as Liberty Mutual Canada. In addition to Ironshore, Liberty International Underwriters Canada is also being rebranded as Liberty Mutual Canada, the insurer announced Thursday. But for the rest of 2018, “policies will…
Liability risks from fuel storage tanks
September 14, 2018 by Greg MeckbachClients who make tanks for flammable and hazardous material cannot always obtain insurance covering the full range of product and pollution liability. Matrix Service Company, whose products include above-ground fuel tanks, said Wednesday its products can potentially expose it to…
New bespoke commercial package covers 7 industry segments
September 13, 2018 by Jason ContantCommercial insurance clients in multiple industry segments can now receive tailored core coverages under a single package solution. Core coverages include first and third party cyber, D&O liability, media management crisis costs, event cancellation and currency devaluation. Tailored for seven specific…
Simple disaster preparation rules that commercial clients forget
September 13, 2018 by Greg MeckbachThough it pays to be tech-savvy, one way commercial clients can manage risk is to learn to do without the Internet and payment card networks, a disaster restoration professional advises. In the event of a major storm, businesses need to…
New property and energy head for Swiss Re Corporate Solutions Canada
September 12, 2018 by Greg MeckbachSwiss Re Corporate Solutions has appointed Jamie Mullarkey as head of property and energy for Canada, replacing Yvonne Steiner. Swiss Re Corporate Solutions, which writes commercial primary insurance in Canada, targets large and mid-sized organizations. Steiner, who joined Swiss Re…
Why you’ll have trouble finding D&O insurance for clients using blockchain
August 23, 2018 by Jason ContantBrokers looking to place directors and officers (D&O) insurance coverage for clients involved with blockchain or digital assets will not have an easy time finding the coverage, since there is a limited underwriting appetite for it. “It’s definitely feasible, and…