Topic
Announcements
McDougall’s growth in Alberta proceeds apace
February 1, 2024 by David GambrillMcDougall Insurance Brokers Ltd. announced Thursday it has merged with MHK Insurance Inc., a 110-year-old independent brokerage based in Alberta. MHK is a full-service brokerage offering home, auto, and commercial insurance products and services, specializing in more than 12 business…
Large brokerage makes commercial deal in Ontario
January 29, 2024 by Alyssa DiSabatinoAcera Insurance Services Ltd. announced its latest deal with KRS Insurance Brokers Ltd., a specialized commercial brokerage based in Newmarket, Ont. “This partnership supports Acera Insurance’s longstanding dedication to build scale and strengthen the independent brokerage model to provide…
Home, auto rate increases in 2023 “highest…seen in years.”
January 26, 2024 by David GambrillCanadian auto insurance rates increased 10% in 2023 compared to 2022, and similarly home insurance rates saw an increase as well — up 6.6% last year, according to the latest release of the Applied Rating Index. “The close of 2023…
P&C insurance industry launches collective recruitment effort
January 25, 2024 by David GambrillCanada’s property and casualty insurance industry has launched a collaborative, industry-wide recruitment effort dubbed Project Reframe. Announced by the Insurance Institute of Canada (IIC) Monday, the public education campaign aims to portray the insurance industry as an engaging, dynamic, and…
Why this national consolidator made layoffs
January 19, 2024 by Alyssa DiSabatinoWestland Insurance issued an internal email dated Jan. 15, announcing the layoff of about 30 employees, citing the inability to meet its 2023 financial targets, as well as salaries and expenses that exceeded plan. “Today, I’m sharing some very difficult…
Why Mitch Insurance opened its first Ontario branch — and what’s next
January 16, 2024 by Alyssa DiSabatinoMitch Insurance has opened a new branch in Kingston, Ontario, with a tri-fold objective to grow its footprint organically, establish a commercial focus in the province and provide entrepreneurial brokers the chance to manage a book of business. The Kingston…
Rick Morse joins DKI Canada as Business Development Manager
January 15, 2024 DKI CanadaTORONTO, ON, JANUARY 15, 2024/insPRESS/ – DKI Canada’s Business Development team is pleased to welcome Rick Morse as the new Business Development Manager. Based out of Calgary, Alberta, Rick brings strong sales experience and two years of direct experience within the…
WTW names head of personal lines for Canada, U.S.
January 10, 2024 by Jason ContantLarge brokerage WTW has appointed Despina Buganski as head of personal lines for its Corporate Risk & Broking division for North America (CRB NA). Effective immediately, both WTW’s Canadian and U.S. personal lines teams will report directly to Buganski, the…
DKI Canada appoints David Goetz as Vice President of Essential Services
January 4, 2024 DKI CanadaTORONTO, ON, JANUARY 4, 2024/insPRESS/ – DKI Canada, leader in sustainable property restoration solutions, is pleased to announce David Goetz as Vice President of Essential Services. With a strong background in the restoration industry, David brings over 20 years of restoration…
Intact Insurance names president
December 15, 2023 by Jason ContantIntact Financial Corporation (IFC) has appointed Anne Fortin as president of Intact Insurance, effective Jan. 1, 2024. In her new role, Fortin will have responsibility for the Quebec, West, Ontario and Atlantic divisions of Intact Insurance, the insurer said in…
This province is Hub’s latest benefits firms acquisition target
December 12, 2023 by Alyssa DiSabatinoGlobal commercial brokerage Hub International announced the acquisitions of two Alberta benefits firms this week. Hub, based in Illinois, has acquired JRP Financial Services, Inc., as well as the shares of The Musgrave Group. Terms of the transactions were…
MGA acquires Echelon’s surety division
December 11, 2023 by Jason ContantMontreal-based managing general agency REVAU Advanced Underwriting Inc. has acquired Echelon Insurance’s surety division. “This acquisition aligns with REVAU’s focus on expanding its existing surety operations across Canada,” the MGA said in a press release Monday. “The teams’ shared values,…