Topic MGAs
Innovation coming from the Lloyd’s market
November 2, 2021 by Jason ContantThe Lloyd’s market has seen some “remarkable technologies” emerging recently, Marc Lipman, president of Lloyd’s Canada, said during the virtual IBAO Convention late last month. “A couple of Canadian-based companies have travelled to London to work through the Lloyd’s lab…
Spooky Halloween risks that need an insurance policy
October 28, 2021 by Jason ContantSome insurance professionals will be donning costumes at the (virtual) office this Halloween, and others will be taking their kids out trick-or-treating on the weekend. But just because it’s Halloween doesn’t mean it’s time to forget about insurance altogether. London,…
Eagle Underwriting gets acquired, keeps own brand
October 26, 2021 by Greg MeckbachManaging general agent Eagle Underwriting Group Inc. has been acquired by GroupAssur, private equity firm Novacap Management Inc. announced Tuesday. “With Eagle, the objective was to get a broader spectrum of product,” said Jean-François Raymond, president of Montreal-based GroupAssur, in…
When the Canadian MGA space will get a ‘smart and self’ regulatory regime
October 25, 2021 by Jason ContantCanada’s managing general agent association will unveil a ‘smart and self-regulatory’ regime in early November, the association’s managing director told Canadian Underwriter Monday. “This is something the association has been working on since earlier this year,” Canadian Association of Managing…
Double extortion: The new cyber threat
October 12, 2021 by Jason ContantYour cyber clients may now be exposed to two risks in one, as the sophistication of ransomware attack patterns continue to increase. “There’s double extortion tactics which are just crippling organizations now,” said Greg Markell, president and CEO of Ridge…
Will cyber insurance become mandatory?
October 7, 2021 by Canadian Underwriter StaffCyber insurance is set to become as essential as workers’ compensation insurance in the near future, a cyber insurance provider CEO has predicted. Vishal Kundi, CEO and co-founder of Toronto-based cybersecurity and insurance specialist MGA BOXX Insurance, told Canadian Underwriter…
Canadian cyber MGA looking for carrier partners for international expansion
October 5, 2021 by Greg MeckbachCanadian managing general agent BOXX Insurance Inc. is about to set up an office in Miami and is looking for carriers to underwrite its cyber coverages outside of Canada. Toronto-based BOXX announced last week it is expanding to the United…
Canadian cyber MGA expands to United States
October 1, 2021 by Greg MeckbachBOXX Insurance Inc. is expanding to the United States and has hired a former CEO Latin America for RSA to lead that move from Miami, the Toronto-based managing general agent and Lloyd’s coverholder announced Friday. Cyberboxx is the brand BOXX…
Which cyber risks lurk on the horizon?
September 23, 2021 by Canadian Underwriter StaffAs brokers grapple with an evolving cyber insurance market, one managing general agent is looking ahead to help the industry keep pace. George Bozanin, managing partner and head of business development with Coalition Insurance Canada, told Canadian Underwriter the post-pandemic…
UK-based MGA expands into Canada
September 23, 2021 by Jason ContantLondon, United Kingdom-based managing general agent Landmark Underwriting has expanded into Canada with the opening of an office location in Toronto. Landmark (Canada) Ltd. o/a Landmark Underwriting recently obtained the Registered Insurance Brokers of Ontario (RIBO) licence and is now…
Understanding cyberattack techniques can improve your game
September 20, 2021 by Canadian Underwriter StaffKnowing the most common cybersecurity attacks can help brokers better advise their clients on risk mitigation strategies, a Canadian cyber insurance provider has said. Selling cyber policies remains a concern for many brokers, who are struggling to keep up with…
How one MGA keeps employees moving — virtually
September 15, 2021 by Brooke SmithYou may not know the Mayo Clinic’s Dr. James Levine. But you’ve likely heard his now-famous phrase: “Sitting is the new smoking.” With many employees sitting in front of a computer in the comfort of their homes for the past…