Canadian Underwriter

Topic MGAs

Cloud computing and global cyberattack concept
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Why systemic cyber remains an industry risk

January 30, 2024 by Jason Contant

Editor’s Note: An earlier version of this article said that CFC established the cyber monitoring centre when in fact they were the driving force behind its establishment. As well, the article implied that the centre has a link to insurance

M&A concept
News AlbertaB.C.BrokersCommercialHRManagementMergers and AqcuisitionsMGAsNova ScotiaOperationsPersonal AutoPersonal Home

Two brokerages, one MGU involved in recent deals

January 15, 2024 by Jason Contant

Editor’s Note: This story has been corrected to clarify that Keyes Insurance was not acquired by the Canadian Broker Network but rather joined its membership. Keyes Insurance remains a fully independent brokerage solely owned by Shaun Keyes. Canadian Underwriter apologizes

Arrows pointing up symbolizing growth
News BrokersCommercialMGAs

Why growth is the name of the game for Canadian MGAs

January 9, 2024 by Jason Contant

Canada’s property and casualty MGA sector will likely double in the next five years when it comes to commercial insurance market share, an industry executive told Canadian Underwriter in an interview. Currently, about 20% of commercial business is placed with

Bearded man comfortably sitting on a coach reading a book and holding his dog .
News HRInsurersMGAsOperations

How can you be a better leader? Forget about work after quitting time

January 5, 2024 by David Gambrill

Employees deem leaders who psychologically detach from work when they aren’t in the workplace as more powerful and engaged in the office, new research shows. “We found that when leaders psychologically detached from work when at home – they did

Digital puzzle pieces; digital M&A concept
News AlbertaB.C.BrokersCommercialHRManagementMergers and AqcuisitionsMGAsOntarioOperationsPersonal AutoPersonal HomeTechnology

Private equity firm acquires digital brokerage

December 8, 2023 by Jason Contant

Private equity firm Southampton Financial Inc. has announced its acquisition of Ontario-based digital insurance brokerage aha insurance. Launched in 2017, Waterloo, Ont.-based aha insurance offers consumers the ability to quote, purchase and manage car and home insurance policies entirely online.

Magnifying glass in the laptop in the dark
News ClaimsClaims Canada ArchiveCyberLegalMGAsTechnology

Why it’s important to understand legal privilege after a breach

December 7, 2023 by Jason Contant

A recent court ruling in Australia concerning the primary purpose of a forensics report following a cyberattack serves as a crucial reminder about legal privilege for Canada’s cyber insurance market. In a Nov. 10 decision, the Federal Court of Australia

Business leader press a mergers and acquisitions holographic button
News CommercialHRManagementMergers and AqcuisitionsMGAsOntarioOperations

U.S.-based insurance provider to acquire Sutton Special Risk

December 6, 2023 by Jason Contant

New York-headquartered insurance services provider Amynta Group has entered into a definitive agreement to acquire specialty insurance managing general underwriter (MGU) Sutton Special Risk Inc. “The acquisition of Sutton expands Amynta’s offerings in the accident and health market and accelerates

business woman is pointing where to sign on document, with documents in background
News BrokersCommercialCommercial AutoInsurersMergers and AqcuisitionsMGAsPersonal Auto

Aviva Canada to acquire “capital light” MGA

November 27, 2023 by David Gambrill

Aviva Canada is acquiring Optiom O2 Holdings Inc., a managing general agent (MGA) that specializes in vehicle replacement insurance in Canada. The $170-million Cdn deal is subject to regulatory approval and is expected to close in the first quarter of

Cooperation partnership, work together for success, team collaboration, agreement or negotiation, collaborate concept, businessmen handshake on growth arrow joining connection agree to work together.
News B.C.InsurersMergers and AqcuisitionsMGAsOntario

Accelerant scoops up Omega Insurance Holdings

October 27, 2023 by David Gambrill

Accelerant Holdings U.K. Ltd. has officially entered the Canadian property and casualty insurance market, closing the deal to acquire Omega Insurance Holdings Inc. from Till Capital Corporation. Accelerant will pay Till Capital approximately $13 million Cdn in exchange for all

Member of an IT department
News BrokersCommercialCyberMGAsOperationsTechnology

Brokers’ Number 1 obstacle when selling cyber

October 18, 2023 by Jason Contant

For brokers, the biggest obstacle in selling cyber insurance to clients might not be what you think. Traditional roadblocks to a sale include price, board approval, and executive complacency. But here’s an unlikely naysayer that’s making the rounds of brokerage

Lone fisherman at sunrise against the backdrop of a mountain landscape. Vector illustration.
News BrokersClaimsLegalMGAs

Clarifying Nativelands: What the decision means to brokers

October 11, 2023 by Stephen F. Gleave, partner, DLA Canada (Toronto)

Canadian Underwriter published an article on Sept. 19, 2023, entitled “Court draws distinction between a brokerage and a consultant.” The article deals with an important decision of Ontario Superior Court Justice Edward Morgan released on July 25, 2023. The matter

Positive outlook concept
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How this ratings agency views the Canadian MGA market

October 10, 2023 by Jason Contant

Ratings agency AM Best will likely maintain its positive outlook on the global delegated underwriting authority enterprises (DUAE) market, an executive said Friday during AM Best’s Canada Insurance Market Briefing in Toronto. “On Dec. 5, 2022, we did assign a