Canadian Underwriter

Topic
MGAs

Intellectual property concepts
News ClaimsCommercial LinesInsuranceLegalMarkets / CoveragesMGAsProducts

Why your SME client needs intellectual property ‘pursuit’ coverage

November 24, 2022 by Jason Contant

Your small and medium-sized enterprise (SME) clients need to consider intellectual property (IP) ‘pursuit’ coverage to allow them to take on large corporations to protect their products and market share, a specialist insurance provider told Canadian Underwriter. A business’s ability

Many hands putting together a jigsaw puzzle
News BrokersCatastrophesClimate ChangeCommercial LinesConstructionInsuranceMarkets / CoveragesMGAsReinsurance

Covering larger risks? Why subscriptions may be the way of the future

November 18, 2022 Philip Porado

As claims from Cat events and other external risks get larger, the simplest solution to cobbling together coverage might be a subscription approach that spreads risk and reduces individual insurers’ losses. “Subscribing the risk is better for the industry,” George

Snarling vampire on Halloween
News Commercial LinesInsuranceMarkets / CoveragesMGAsProducts

Do your clients need vampire facial coverage this Halloween?

October 28, 2022 by Jason Contant

You may have seen Instagram influencers posting shots of their faces covered in their own blood – a macabre-looking skincare treatment known as a ‘vampire facial.’ Easily mistaken for scary Halloween make-up, a vampire or blood facial, or platelet-rich plasma

gear breaking under stress.
News BrokersCommercial LinesInsuranceMarkets / CoveragesMGAsProfessional Development

Opinion: How to end subscription policy bottlenecks

October 21, 2022 Douglas Morrow

While the worst of the hard market in Canada is gradually drifting behind us and COVID-19 is taking something of a holiday, not all is rosy, especially for commercial lines business. Brokers worked tirelessly over the past several years to

Signing a contract
News AssociationsBrokersInsuranceLegalMarkets / CoveragesMGAs

How Lloyd’s broke the bottleneck for Canadian MGAs

October 21, 2022 by Jason Contant

Editor’s Note: This article has been revised to clarify the rules around continuous binding authorities emanating from Lloyd’s.   Managing general agents (MGAs) with a binding authority contract from Lloyd’s — and where the capacity under the contract is provided

ESG in the maritime transport industry
News BrokersClimate ChangeInsuranceMarkets / CoveragesMGAs

How ESG affects the entire insurance supply chain

October 20, 2022 by Jason Contant

Implementing environmental, social and governance (ESG) strategies will create a ripple effect impacting the entire insurance supply chain and billions of dollars in investments, said George Longo, president and CEO of MGA Excess Underwriting.  “The ripple effect is going to

Flash in the pan
News BrokersCommercial LinesInsuranceMarkets / CoveragesMGAsReinsurance

How reinsurers view the rise of MGAs: a flash in the pan, or sustainable?

October 3, 2022 David Gambrill

Global reinsurers are looking at the current rise of managing general agencies (MGAs) with a critical eye, questioning whether the phenomenon will be long-lasting, or simply a fad rooted in a hard-market demand for capacity. “At the risk of sounding

Threads intertwining to represent mergers of eight companies
News AnnouncementsBrokersInsuranceMarkets / CoveragesMergers and AqcuisitionsMGAs

Which firm racked up 8 mergers over the summer?

September 28, 2022 Canadian Underwriter Staff

Brokerage M&A has been hectic so far in 2022, with one firm bringing eight brokerages across Canada under its wing during the summer. Navacord today announced it closed eight acquisitions during July and August that expands the company’s presence in

Shanghai Skyline Sunset. Bridges winding through a mobile screen
News BrokersInsuranceMarkets / CoveragesMGAs

New online platform ‘Bridges’ the gap between brokers and MGAs

August 31, 2022 by David Gambrill

Canadian managing general agencies (MGAs) have developed a new real-time, online platform that allows brokers to match their quote applications with MGAs underwriting that specific class of business. Once the match has been made, the platform promises to shave days,

The light at the end of the tunnel is an oncoming train
News BrokersCommercial LinesInsuranceMarkets / CoveragesMGAsReinsuranceRisk

Will recession hit brokers with a new D&O hard market?

August 30, 2022 David Gambrill

Just when pandemic chaos was starting to ease, the light that Canada’s commercial insurance brokers saw at the end of the tunnel is starting to look like an onrushing train named the Recession Special. With recent lifting of COVID-19 public

Gathering the data for underwriting a risk.
News BrokersCommercial LinesEmploymentInsuranceMarkets / CoveragesMergers and AqcuisitionsMGAsRisk

Where have all the good underwriters gone?

May 12, 2022 Gloria Cilliers

For years, insurers have poached commercial underwriters from one another amid M&A activity, an aging population and hard/soft markets. But that’s left the industry with less seasoned talent and slower investment in acquisition, training and retention. “Suddenly, more so than

Driver handing over a license.
News BrokersClaimsCommercial LinesInsuranceLegalMarkets / CoveragesMGAsProductsReinsuranceRisk

Beware the tax implications of unlicensed insurance

May 3, 2022 Jason Contant

If you’re looking to place a risk through an insurer that’s not licensed to write business in Canada, it’s important to understand the requirements around filing federal and provincial taxes, as well as special broker licenses. Although direct placement with