Topic MGAs
Ransomware claims: behind the scenes
January 27, 2022 by Ashley BurdonSadly, many of your clients will have fallen victim to cybercrime over the past couple of years – their data held hostage, systems suspended, or payments redirected by some faceless criminal halfway around the world. Worse, despite the clear benefit…
Flight delayed because the crew has COVID? You’re covered for that….
January 14, 2022 by Jason ContantInsurtech Blink Parametric has partnered with Canadian managing general agent (MGA) AwayCare for real-time flight disruption coverage for Canadian travellers worldwide. Blink announced the partnership with travel insurance provider AwayCare, which has offices in Ontario, Alberta, and British Columbia. The…
Intellectual property insurance can help smaller firms fight competitor lawsuits
January 11, 2022 by Maddi Brown, CFC UnderwritingA 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…
Using your personal device for work? Why that matters to cyber insurers
January 10, 2022 by Jason ContantInsurers 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…
Is cyber insurable?
January 7, 2022 by Greg MeckbachCyber 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,…
Executive Outlook 2022: Steve Masnyk, Canadian Association of Managing General Agents
December 23, 2021 by Canadian Underwriter StaffSteve 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…
Merger expands StoneRidge brokerage in Ontario
December 16, 2021 by Greg MeckbachStoneRidge 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,…
Brokerage launches its own exclusive MGA
December 1, 2021 by Jason ContantBrokerage 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…
NFP’s Canadian offices partner with U.K. insurtech Loadsure
November 22, 2021 by Canadian Underwriter StaffBroker 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…
How to talk to your clients about death & disgrace insurance
November 19, 2021 by Brooke SmithThe 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…
MGA regulatory regime unveiled: What you need to know
November 16, 2021 by Jason ContantCanada’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…
Why brokers need a new technology approach to cyber insurance
November 11, 2021 by Jason ContantOld-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…