Canadian Underwriter

Topic Ontario

Jigsaw puzzle pieces - M&A concept
News AlbertaB.C.InsurersMergers and AqcuisitionsOntario

Westland widens Ontario footprint with new acquisitions

June 7, 2023 by Alyssa DiSabatino

Westland Insurance has acquired two Ontario-based brokerages, MYCOR Insurance Solutions Inc. and Murphy Insurance Services Inc., further expanding its fleet in the province.   The acquisitions, effective June 1, will enable Westland to continue growing in Canada, “both organically and through

Two groups of employees join together after merger
News BrokersCommercialCommercial AutoMergers and AqcuisitionsOntarioPersonal AutoPersonal HomePropertyTrusted Advisor

BrokerLink buys Burlington brokerage

June 6, 2023 by Philip Porado

For the sixth time so far in 2023, BrokerLink has grown its market share through M&A, this time with the acquisition of Burlington, Ont.-based T.K. WoodMar Insurance & Financial Group. WoodMar has offered commercial (business owner, liability and commercial vehicle),

Black GMC Sierra Denali driving on the street with trees in the background
News ClaimsInsurersLegalOntarioPersonal Auto

Man injured in a crash while sleeping in a stolen truck is covered

May 31, 2023 by David Gambrill

A man sleeping in the back of a pickup truck when it was stolen by an uninsured driver and involved in a serious crash is entitled to auto insurance coverage, the Court of Appeal for Ontario has ruled. The Appeal

Talent acquisition concept
News AlbertaBrokersCommercialHRManagementMergers and AqcuisitionsNew BrunswickNewfoundland & LabradorNova ScotiaOntarioPersonal AutoPersonal Home

BrokerLink president shares thoughts on brokerage M&A

May 24, 2023 by Jason Contant

BrokerLink still sees plenty of M&A opportunities in provinces where it currently operates and doesn’t have any immediate plans to expand into new geographic areas, the brokerage’s president told Canadian Underwriter in an interview Tuesday. BrokerLink is focusing its resources

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News AlbertaB.C.BrokersCommercialInsurersMergers and AqcuisitionsOntario

Navacord announces its biggest deal yet

May 24, 2023 by David Gambrill

Navacord has invested heavily into its wealth management and group benefits capabilities, acquiring RWAM Insurance Administrators Inc and Programmed Insurance Brokers (PIB) Inc. “As Navacord’s largest transaction to date, the partnerships with RWAM and Programmed Insurance Brokers Inc. underscore Navacord’s

Smoke from wildfires in Alberta blankets Calgary
News AlbertaB.C.CatastrophesClaimsEmerging RisksEnvironmentalOntarioTrending

Emissions from wildfires hit record high as climate change drives fire threat

May 19, 2023 by The Canadian Press

OTTAWA – Emissions from wildfires hit a new record in 2021 as the blazes that raged in Western Canada and Ontario produced more greenhouse gases than the oil and gas sector and heavy industry combined. Canada’s forests are relied on

Purchasing cannabis with a credit card
News B.C.CannabisClaimsClaims Canada ArchiveCommercialLiabilityMGAsOntario

What’s new with cannabis insurance regulations?

May 18, 2023 by Jason Contant

One MGA is questioning a regulatory change in Ontario that dropped a mandatory requirement for licensed producers (LPs) of cannabis to hold $15 million in product recall insurance and instead raised the commercial general liability requirement to that amount. In

Disabled woman with bandaged arm signing document
News ClaimsInsurersLegalOntarioPersonal Auto

‘Minor injuries’ don’t exist if they fall outside the Minor Injury Guideline

May 17, 2023 by David Gambrill

An auto injury falling outside of Ontario’s $3,500 Minor Injury Guideline (MIG) cap is no longer a ‘minor injury’ for the purpose of imposing funding limits on certain medical goods and services, Ontario License Appeal Tribunal (LAT) has ruled. “There

Thief In Hooded Jacket And Balaclava Opening Car's Door With Crowbar
News AlbertaClaimsInsurersLoss TrendsOntarioPersonal Auto

How theft and Alberta’s rate pause affected Definity’s auto portfolio

May 16, 2023 by David Gambrill

Auto theft, inflation, and increased claims frequency due to traffic returning to pre-pandemic levels all contributed to pushing Definity’s combined ratio in personal auto up to 100.9% in 2023 Q1, company executives reported in the company’s earnings call last week.

A closeup of a seismograph machine needle drawing a red line on graph paper depicting seismic and earthquake activity - 3D render
News B.C.CatastrophesClaimsEmerging RisksEnvironmentalInsurersLoss ControlLoss TrendsOntarioPersonal HomeQuebec

National disaster report highlights industry loss potential

May 12, 2023 by Alyssa DiSabatino

A major earthquake in British Columbia or the Ontario-Quebec region could become the costliest natural disasters Canada has seen, a new government of Canada report warns.  Of pertinence to the industry, as insured damages for a severe earthquake could broach

Vin Diesel filming a Fast & Furious movie
News BrokersOntarioPersonal Auto

How much it would cost to insure Fast & Furious supercars

May 11, 2023 by Jason Contant

If you’re a fan of the Fast & Furious movie franchise, you’re probably looking forward to the 10th installment — Fast X — which opens May 19.  But have you ever given much thought to how much it costs to

Jigsaw puzzle pieces - M&A concept
News BrokersHRMergers and AqcuisitionsOntario

IBAO CEO’s thoughts on McDougall-McFarlan Rowlands merger

May 10, 2023 by Jason Contant

McDougall Insurance’s recent merger with McFarlan Rowlands shows the broker distribution network continues to be a healthy investment choice, Insurance Brokers Association of Ontario (IBAO) CEO Colin Simpson told Canadian Underwriter recently. Of course, the larger independent brokerage groups become,