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Co-operators General Insurance Company announced on Tuesday that its wholly-owned subsidiary has purchased Assurance Aubin Insurance Brokers Ltd. The brokerage’s portfolio includes personal and commercial insurance policies, The Co-operators said in a press release. Assurance Aubin has locations in Hearst, Wawa and Terrace Bay, Ont. Current clients of the brokerage will be notified of the […]
By Canadian Underwriter | November 1, 2016
2 min read
Toronto-based Moore-McLean Insurance Group Ltd. announced on Friday that it has acquired the assets of Markham, Ont.-based Hallmark Insurance Group and its family of companies. Beginning Oct. 28, they will form McLean Hallmark Insurance Group Ltd., and McLean Hallmark Financial Ltd. The new firm will have a broad footprint in the Greater Toronto Area, including […]
By Canadian Underwriter | October 28, 2016
Canada’s property and casualty industry – in need of a regulatory environment that fosters the innovation and responsiveness consumers are demanding – is at risk of losing pace to new competitors, Don Forgeron, president and CEO of Insurance Bureau of Canada (IBC), suggested Tuesday at IBC’s 16th Annual Regulatory Affairs Symposium. “We’re losing on the […]
By Jason Contant | October 26, 2016
4 min read
Brokers, broker management system (BMS) companies and insurance companies all need to “come together” using collaboration, communication and integration, incoming Insurance Brokers Association of Ontario (IBAO) president Traci Boland said last week at the association’s 96th annual convention. “The theme for 2017 is come together,” Boland said in advance of the CEO Panel at the […]
By Jason Contant | October 23, 2016
The Insurance Brokers Association of Ontario (IBAO) has announced the “top performing brokers and brokerages” throughout the province at their recent annual Awards of Excellence gala. Held on the opening night of the 96th annual IBAO Convention at the Sheraton Centre in Toronto on Wednesday, the Awards of Excellence highlight the achievements and initiatives of […]
By Canadian Underwriter | October 21, 2016
Economical Insurance is expecting “significant growth” in its broker channel over the next five years, possibly 25% bigger than where it is today, outgoing president and CEO Karen Gavan said on Thursday during the 96th annual Insurance Brokers Association of Ontario Convention. “Our growth strategy is multi-faceted: both organic growth and growth through mergers and […]
By Jason Contant | October 21, 2016
3 min read
Insurance providers need to “rethink” how they provide advice to customers in their 20s and 30s, the president of Intact Insurance suggested Thursday to an audience of Ontario brokers. “Millennials still want advice,” Intact Insurance president Jean-Francois Blais said during the CEO Panel at the Insurance Brokers Association of Ontario annual convention. J.D. Power and […]
Driven by growth in software and IT services revenue, worldwide IT spending is forecast to reach US$3.5 trillion in 2017, up 2.9% from 2016 estimated spending of US$3.4 trillion, according to the latest forecast by Gartner, Inc. Gartner, an information technology research and advisory company, said in a press release on Wednesday that the “bright […]
By Canadian Underwriter | October 19, 2016
Insurance brokers who compete against one another need to change their mindset and work with their competitors to address threats which could disrupt the industry, a speaker suggested Wednesday in Toronto. “If you all think each other are the competition, Brokerlink will continue to pick you off one at a time,” said Jim Harris, keynote […]
By Jason Contant | October 19, 2016
Fewer than half of Alberta small enterprises surveyed reported having a business continuity plan, ATB Financial announced Monday. In its Business Beat Survey, 300 owners and operators of small and mid-sized enterprises were asked in a phone survey whether their organizations have formal business continuity plans. One in five said they have a formal plan […]
By Canadian Underwriter | October 18, 2016
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