Canadian Underwriter

Topic MGAs

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Intellectual property insurance can help smaller firms fight competitor lawsuits

January 11, 2022 by Maddi Brown, CFC Underwriting

A shift toward remote work has led businesses of all sizes to focus on the importance of their intellectual property (IP). There is more IP in existence today than ever, and in more areas as companies look for ways to

News CommercialCyberInsurersMGAs

Using your personal device for work? Why that matters to cyber insurers

January 10, 2022 by Jason Contant

Insurers need to consider the hybrid workforce and employees using personal devices when reviewing a cyber risk, a managing general agent says. “Multi-factor authentication is critical as… employees access work email and networks remotely, sometimes even through a web application

News CyberMGAsTechnology

Is cyber insurable?

January 7, 2022 by Greg Meckbach

Cyber exposure is a bit of a moving target, and efforts to quantify the risk are challenging some of the underwriters in the business. “Cyber is fairly unique in that you are playing against a human adversary,” said Tim Zeilman,

News MGAs

Executive Outlook 2022: Steve Masnyk, Canadian Association of Managing General Agents

December 23, 2021 by Canadian Underwriter Staff

Steve Masnyk, Managing Director, Canadian Association of Managing General Agents MGAs, the fastest-growing segment of Canada’s insurance industry, will write about $4 billion in premium in 2021. And that’s on track to increase in 2022. Canadian Association of Managing General

Office workstation top view with businesspeople working around M&A
News BrokersMergers and AqcuisitionsMGAs

Merger expands StoneRidge brokerage in Ontario

December 16, 2021 by Greg Meckbach

StoneRidge Insurance Brokers has acquired John Stark & Company, a brokerage with offices in Barrie and Coldwater, Ont. Headquartered in the community of Ancaster, west of Hamilton, StoneRidge has more than 30 Ontario offices including Toronto, St. Catharines, London, Newmarket, Atikokan,

News BrokersCommercialMGAs

Brokerage launches its own exclusive MGA

December 1, 2021 by Jason Contant

Brokerage InsureLine Brokers Inc. has officially launched its new managing general agency (MGA) – InsureLine Solutions Inc. Available exclusively to InsureLine franchisees, “the intention is to help fill gaps in current coverages, and also identify lines of high-risk or niche

News BrokersCommercialMGAsSupply Chain

NFP’s Canadian offices partner with U.K. insurtech Loadsure

November 22, 2021 by Canadian Underwriter Staff

Broker and consultant NFP’s Canadian-based offices formed an exclusive partnership with U.K.-based Loadsure to obtain instant- and on-demand cargo and shippers’ coverage to NFP’s Canadian logistics clients shipping cargo globally. The agreement includes inland transit. NFP has over 800 employees

News CommercialHRMGAs

How to talk to your clients about death & disgrace insurance

November 19, 2021 by Brooke Smith

The worlds of sports and entertainment have their share of behaviourally challenged people. And it’s not just actors, singers and athletes who get into trouble. Bad behaviour can also lurk in the C-suite. So, hopefully, their teams, record labels, companies

News LicensingMGAsOperations

MGA regulatory regime unveiled: What you need to know

November 16, 2021 by Jason Contant

Canada’s association for managing general agents (MGAs) has unveiled a regulatory regime that will codify minimum business operating standards for these P&C intermediaries in Canada. The Canadian Association of Managing General Agents (CAMGA) announced the voluntary measures and membership requirements

News BrokersCyberMGAsTechnology

Why brokers need a new technology approach to cyber insurance

November 11, 2021 by Jason Contant

Old-fashioned methods by brokers for obtaining cyber insurance quotes just don’t work in today’s environment, a managing general agent told Canadian Underwriter Tuesday. “The old approach to cyber insurance was, ‘Hey, let me get you an application, you bring that

News ConstructionMergers and AqcuisitionsMGAs

MGA merger: RAISE Underwriting to acquire United Surety

November 10, 2021 by Canadian Underwriter Staff

Specialty managing general agent (MGA) RAISE Underwriting in Toronto announced an agreement to acquire Mississauga-based independent MGA United Surety. The acquisition is scheduled to close January 1, 2022. RAISE CEO Matt Baynton said in a press release Nov. 4, “By

News CyberEmerging RisksEnvironmentalInsurersMGAsSupply ChainTrending

Why D&O insurers need to focus on the ‘S’ in ESG

November 9, 2021 by Jason Contant

The ‘S’ pillar of environmental, social, and governance (ESG) practices should be an increasingly important area of focus for D&O insurers, a specialist insurance provider said recently. While ESG is clearly a hot topic, the environmental and governance pillars have