Industry
National Brokers Insurance Services Inc. announced Friday it has aquired Grant, Jones & Stuart Insurance Brokers Inc., a family owned and operated company formed in 1987. Grant, Jones & Stuart will now operate as a division of Mississauga, Ont.-based National Brokers Insurance Services while remaining in its current office in Markham, Ont. National Brokers Insurance […]
By Canadian Underwriter | March 1, 2013
1 min read
U.S. property and casualty insurers surveyed by Accenture are expected to spend US$17.5 million, on average, over the next three years to upgrade and modernize their claims functions. New York City-based Accenture’s 2012 North American Claims Investment Survey is based on phone interviews with 50 C-level claims executives in March and April 2012. Each respondent […]
3 min read
The president of a Canadian brokerage is among the recipients of the Enterprising Women of the Year Award for 2013, an award that recognizes excellence among women entrepreneurs. Joyce Usher-Mesiano, president of National Brokers Insurance Services Inc. and Monarch Intermediaries Inc. is among the winners of the award, presented by Enterprising Women, a U.S. publication […]
2 min read
The Insurance Brokers Association of Ontario is developing and deploying educational training for brokers throughout the province with the iClarify online tool. The training will focus on the service’s methodology and how it can be used to reduce time with questions typically unknown to homeowners’ insurance consumers, and reduce costs while increasing credibility and profit […]
The CIP Society has announced that nominations are open for its 2013 National Leadership Awards for the property and casualty industry. Nominations for the awards, which recognize excellence in the industry, will be accepted between March 1 and June 1. Nominations can be made in two categories: Established Leader and Emerging Leader. In 2012, the […]
The Insurance Bureau of Canada is meeting with Ontario NDP leader Andrea Horwath Friday to discuss auto insurance rates in the province, after several public clashes in opinion. Horwath and her party have said they want a 15% reduction in auto insurance premiums in the province by March of next year, asking the Liberal government […]
The latest demographic analysis from the Insurance Institute of Canada offers, by turns, good news and not-so-good news. However, lower-than-anticipated retirements mean recruitment and retention will need to increase substantially in future.
By Insurance Institute of Canada | February 28, 2013
5 min read
The automotive repair industry faces some conflicting demands. Will these set in motion the possibility of a collision down the road, or will players respond by working together to smooth out the issues?
By Greg Meckbach, Associate Editor | February 28, 2013
6 min read
Low interest yields in the U.S., proposed changes to capital requirements in Europe and insurance-linked securities will all affect the property and casualty insurance market this year, suggests a report from Conning Inc. Hartford, Conn.-based Conning predicts insurance firms in the U.S. face “sluggish” economic conditions, declining investment income and increasing regulatory complexity. “Companies that […]
By Canadian Underwriter | February 28, 2013
Merger and acquisition activity among insurance agencies reached a record high in 2012, bouncing back after a few years of low activity, notes a new report. Last year, there were 291 reported transactions in the United States and Canada, according to an annual survey from OPTIS, an investment banking and financial consulting firm specializing in […]
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