2020 Economic Outlook
This morning I attended the Risk Management Associations 4th Annual Chief Economist panel discussion. The chief economists of BMO, Scotiabank, TD, RBC and BDC comprised the panel. The consensus amongst the 5 economists is the economy is in better shape than the recently reported inverted yield curve might suggest. In... more…
Posted October 15, 2019
2018 A Stellar Year for the Credit Insurance Industry Despite the Global Trade Policy Uncertainty
The 2018 underwriting results are now available and 2018 was a great year for our Canadian underwriters, especially EDC who went from a 166% loss ratio for 2017 to a -15% loss ratio in 2018. EDC paid a dividend to the Canadian government of $ 969 million in 2018. From... more…
Posted May 28, 2019
CREDEA Meeting in South Africa -A Roaring Success
GCRM is the Canadian representative for CREDEA, an international organization of independent insurance brokers with members in approximately 40 countries around the globe. This is a dynamic global network for our brokerage and this year our annual meeting was in Cape Town, South Africa. The meeting was a terrific success... more…
Posted May 28, 2019
