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Toronto-based EGI Financial Holdings has acquired a controlling interest in a Danish holding company with an insurance subsidiary which sells products similar to its Echelon General unit.

The barrage of new high-tech tools available for consumers is making business increasingly difficult for brokers, the incoming president of the Association has warned.

Brokers in Ontario are losing market share to their direct counterparts and opinions are divided on how technology may help to stem the erosion.

The shortage of technical skills in p&c insurance is at a five year high in the U.K. — with more than 80% of firms responding to a survey there reporting a detrimental effect on business performance due to the challenges of attracting talent.

CIBC World Markets is the second investment firm to suggest Economical Mutual may end up as Intact Financial’s next acquisition target once demutualization rules are finalized.

To an enthusiastic welcome from Canada’s p&c brokers last week, federal Minister of State, Finance, Ted Menzies announced the government will be bringing in regulations that prohibit the promotion and sale of unauthorized insurance products by banks on their Internet websites.

Home insurance customers in Quebec are considerably more satisfied than are customers in the West, Ontario and Atlantic regions, a study by J.D. Power and Associates shows.

Insurers have expressed vigorous support for the use of credit scoring for determining risk but brokers and consumers are more critical in their submissions to regulators on the issue

An open door for demutualization will likely increase merger and acquisition activity in the p&c sector as it did for lifecos more than a decade ago, a report from GMP Securities suggests.