Topic
MGAs
Insurers jumping out of the trampoline business
July 8, 2018 by Jason ContantCanadian insurers are jumping out of the trampoline business. Gina Bennett, vice president of Markel Canada’s western region, told Canadian Underwriter Thursday that there are few markets to approach for trampoline risks, as most sports insurance carriers have exited writing…
Shop Canadian when selling marine, brokers advised
July 4, 2018 by Jason ContantBrokers interested in selling marine insurance should target coverholders and managing general agents (MGAs) in Canada rather than going straight to the London market, a senior marine surveyor told Canadian Underwriter recently. “There are a lot of MGAs and coverholders…
The Digital Future of Insurance: Is Risk Passé?
June 19, 2018 Insurance-Canada.caTORONTO, June 19, 2018 /insPRESS/ – Risk is not passé just yet, but it is changing dramatically, and as it evolves in nature, insurance participants themselves are at risk. Don’t move too slowly – or too quickly! – but not…
New cyber product covers pre-policy breaches, personal phone use for work
May 24, 2018 by Jason ContantAddressing two major gaps in cyber coverage for small to medium-sized businesses (SMEs) inspired the launch this week of Cyberboxx by new managing general agent (MGA) Boxx Insurance. CyberBoxx addresses: 1) breaches before the policy commencement date, and 2) employees…
New MGA promises to “redefine” cyber risk business in Canadian P&C market
May 22, 2018 by Jason ContantBoxx Insurance, a new managing general agent (MGA) based in Toronto, has launched its flagship product Cyberboxx to help customers comply with the new data privacy legislation expected to become law in November. Federal mandatory data breach regulations will take…
Boxx Insurance launches Cyberboxx™ to protect small business cyber security and prepare for new data regulation
May 22, 2018 Boxx InsuranceTORONTO, May 22, 2018 /insPRESS/ – Boxx, a new insurance MGA based in Toronto, officially launched its flag-ship product Cyberboxx™ today with a clear mission – to make the internet a safer place for small to medium sized enterprises and…
Canadian Broker Network sells South Western Group Ltd. to MGA investment group
May 7, 2018 by David GambrillCanadian Broker Network (CBN), a network of independent insurance brokers, has sold managing general agent South Western Insurance Group Limited (SWG) to Three Holdings Inc. CBN said the transaction will allow its member brokerages to focus their efforts on creating…
One theory why Lloyd’s underwrites so much Canadian business
May 6, 2018 by David GambrillInsurance professionals fresh to Canada’s property and casualty insurance market from Europe may notice how much of Canada’s commercial business is underwritten by Lloyd’s of London. “Lloyd’s (as a market) is again the largest commercial writer in Canada [in 2017],…
Mo Kaur named president and chief operating officer of Premier Group
April 30, 2018 by Jason ContantVancouver-based managing underwriting agency (MUA) Premier Group announced Monday that Mo Kaur will assume the role of president and chief operating officer. Kaur has been part of Premier for six years, serving as senior vice president for the past five…
Royal Accolade for CFC Underwriting: Specialist insurance provider receives Queen’s Award for Enterprise
April 23, 2018 CFC UnderwritingLONDON, UK, April 21, 2018 /insPRESS/ – Specialist insurance provider CFC is proud to announce that Her Majesty The Queen has approved the Prime Minister’s recommendation that CFC should receive a Queen’s Award for Enterprise in the International Trade category. Winners…