insurance – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Wed, 01 May 2024 19:25:54 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Hub International acquiring London, Ont.-based Zavitz Insurance https://www.benefitscanada.com/news/bencan/hub-international-acquiring-london-ont-based-zavitz-insurance/ Wed, 13 Mar 2024 19:00:21 +0000 https://www.benefitscanada.com/?p=152982 Hub International Ltd. is acquiring London, Ont.-based Zavitz Insurance & Wealth Inc. Zavitz Insurance provides group employee benefits, living benefits, life insurance services and financial and retirement planning. The organization is the latest acquisition by Hub over the last few years. Read: Hub International acquiring Oakville, Ont.-based Mitchell Sandham Last month, Hub acquired Oakville, Ont.-based Mitchell […]

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]]> Caisse sells 1.3% of shares in insurance firm, BCI buys ownership stake in Australian agriculture operator https://www.benefitscanada.com/canadian-investment-review/alts/caisse-sells-1-3-of-shares-in-insurance-firm-bci-buys-ownership-stake-in-australian-agriculture-operator/ Thu, 29 Feb 2024 20:00:55 +0000 https://www.benefitscanada.com/?p=152500 The Caisse de dépôt et placement du Québec is selling 1.3 per cent of the issued and outstanding common shares it holds of insurance provider Intact Financial Corp. The investment organization will sell about 2.3 million shares at a price of $227.10 per share, resulting in gross proceeds of approximately $525 million. Once the transaction […]

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]]> Hub International acquiring Oakville, Ont.-based Mitchell Sandham https://www.benefitscanada.com/news/bencan/hub-international-acquiring-oakville-ont-based-mitchell-sandham/ Tue, 27 Feb 2024 20:00:50 +0000 https://www.benefitscanada.com/?p=152456 Hub International Ltd. is acquiring Oakville, Ont.-based Mitchell Sandham Inc., an independently owned insurance brokerage company that provides commercial and personal insurance and employee benefits services. The merger will provide Mitchell Sandham’s clients with enhanced resources and expertise, including a broader geographical reach across Canada and the U.S., said Mitchell Sandham’s chief executive officer, Aaron […]

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]]> Navacord, Belay Advisory partnering to expand national presence https://www.benefitscanada.com/news/bencan/navacord-belay-advisory-partnering-to-expand-national-presence/ Fri, 14 Jul 2023 17:36:42 +0000 https://www.benefitscanada.com/?p=141094 Navacord Corp. is partnering with Belay Advisory, an Edmonton- and Calgary-based benefits consulting and wealth advisory firm. “We were drawn to Navacord because of their decentralized model that fosters strong entrepreneurial spirit, which has always been a cornerstone of our success at Belay,” said John Goode, a partner at Belay Advisory, in a press release. […]

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]]> StoneRidge Insurance Brokers acquiring benefits consultancy MultiCare Group https://www.benefitscanada.com/news/bencan/stoneridge-insurance-brokers-acquiring-benefits-consultancy-multicare-group/ Wed, 21 Sep 2022 19:00:44 +0000 https://www.benefitscanada.com/?p=127134 Ontario-based StoneRidge Insurance Brokers Corp. is acquiring employee benefits consultancy MultiCare Group. The acquisition will allow StoneRidge to provide a full range of insurance, risk advisory and benefits services to employer clients, according to a press release. Adam Lewis, president of MultiCare, will join StoneRidge and Scott Studley has been appointed executive vice-president of the company’s […]

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]]> AGA Benefit Solutions acquiring J&D Benefits https://www.benefitscanada.com/benefits/health-benefits/aga-benefit-solutions-acquires-jd-benefits/ Mon, 24 Jan 2022 20:00:12 +0000 https://www.benefitscanada.com/?p=115219 Montreal’s AGA Benefit Solutions is acquiring Markham, Ont.’s J&D Benefits. AGA Benefit Solutions provides the development and administration of customized group insurance plans and specializes in group retirement plans. J&D Benefits offers customized benefits administration services, specializing in multi-provider, flexible benefits and multi-employer platforms. Read: Maple acquiring Wello, CloudMD finalizes MindBeacon deal Todd Rappitt, president of […]

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]]> Health benefits claims paid out to support mental health rose 24% in 2020: CLHIA https://www.benefitscanada.com/benefits/health-benefits/health-benefits-claims-to-support-mental-health-rose-24-in-2020-clhia/ Wed, 15 Sep 2021 13:00:53 +0000 https://www.benefitscanada.com/?p=107597 Canadian insurers paid out more than $97 billion in benefits from life and health insurance products in 2020, according to the Canadian Life and Health Insurance Association’s annual fact book. The period, which included the first nine months of the coronavirus pandemic, included $420 million paid out for psychology-related claims to support mental health, up 24 […]

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]]> Back to basics on insurance-linked securities https://www.benefitscanada.com/archives_/benefits-canada-archive/back-to-basics-on-insurance-linked-securities/ Wed, 30 Jun 2021 12:53:03 +0000 https://www.benefitscanada.com/?p=102947 As institutional investors seek portfolio diversification and the insurance industry seeks additional capacity amid global growth, investment strategies incorporating insurance-linked securities are providing a solution for both parties. Insurance-linked securities allow insurers to transfer some of their risk to investors. For example, in the case of catastrophe bonds, the issuer pays a coupon to an […]

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]]> Using non-binary gender descriptors remains challenge for benefits, insurance industries https://www.benefitscanada.com/news/bencan/using-non-binary-gender-descriptors-remains-challenge-for-benefits-insurance-industries/ Tue, 29 Jun 2021 13:15:40 +0000 https://www.benefitscanada.com/?p=103072 While employees are being more open about their gender identities — whether they identify as gender fluid, intersex, non-binary, transgender or two-spirit — at work these days, there’s still progress to be made when it comes to benefits language, systems, plans and rate tables, says Chantelle Tadman, manager of benefits, savings plans and wellness at […]

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]]> 2021 BPS coverage: Accident prevention may reduce benefits costs, absenteeism https://www.benefitscanada.com/news/bencan/2021-bps-coverage-accident-prevention-may-reduce-benefits-costs-absenteeism/ Tue, 01 Jun 2021 13:00:18 +0000 https://www.benefitscanada.com/?p=101356 With auto-related accidents contributing to absenteeism and lost workplace productivity, accident prevention is a key component of corporate wellness, said Fernand Vartanian, general counsel and head of corporate development at Onlia Holding Inc., during Benefits Canada’s 2021 Benefits & Pension Summit. Traditionally, corporate wellness programs have focused on areas such as mental health, stress management and physical well-being. […]

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