Canadian Underwriter

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managing general agent

News AnnouncementsMGAs

Hub subsidiary Totten buys MGA in Atlantic Canada

October 3, 2018 by Greg Meckbach

Anderson McTague & Associates Ltd., a New Brunswick-based coverholder in the Lloyd’s market, has been acquired by Toronto-based Totten Insurance Group Inc., a subsidiary of Hub International Ltd. Totten Insurance is a managing general agency founded in 2002 by H.

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

MGA market growth beats industry, but weakens with softening rates: Conning

July 13, 2017 by Canadian Underwriter

Growth in the managing general agent (MGA) market last year exceeded that of the total property and casualty market by 32%, according to a new study from global investment management firm Conning. “In 2016, comparable firms in Conning’s MGA database

News InsuranceLegislation / RegulationMergers and AqcuisitionsProductsTechnology

ENCON Group announces standalone cyber policy for Canadian companies

June 16, 2017 by Canadian Underwriter

Canadian managing general agent (MGA) ENCON Group Inc. announced on Thursday the introduction of a standalone cyber insurance policy that provides coverage for network business interruption, ecommerce trading exposure, crime and intellectual property risks. Ottawa-based ENCON Group said in a

News InsuranceMarkets / Coverages

CFC Underwriting increases limits across transaction liability product suite to up to US$50 million in North America

March 2, 2017 by Canadian Underwriter

London, United Kingdom-based specialist lines underwriting agency, CFC Underwriting, announced on Thursday that it has increased the available limits of its transaction liability insurance product suite across all territories. CFC now has the capacity to offer limits up to US$50

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Combined ratio up three points for Markel

February 10, 2017 by Canadian Underwriter

Markel Corp. reported this week a 7.8% increase in net premiums written while the combined ratio deteriorated by three points in 2016 as the Richmond, Va.-based insurer experienced a $46.6-million underwriting loss related to Hurricane Matthew. Markel released Wednesday its

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

H.W. Kaufman Financial Group and Burns & Wilcox Canada acquire high-value homeowner’s practice from Quebec-based XN Financial Services

January 31, 2017 by Canadian Underwriter

H.W. Kaufman Financial Group and Burns & Wilcox Canada announced on Tuesday that they have acquired the high-value homeowner’s insurance practice from Quebec-based XN Financial Services, Inc. XN is a subsidiary of The Henner Group, a France-based insurance specialist offering

News InsuranceMarkets / CoveragesProfessional Development

Hub International acquires New Dimensions Underwriters Ltd.

September 8, 2016 by Canadian Underwriter

Global insurance brokerage Hub International Limited has acquired Edmonton-based New Dimensions Underwriters Ltd. The terms of the acquisition of the managing general agency were not disclosed, notes a statement this week from Chicago-based Hub International, which provides property and casualty,

News InsuranceMergers and AqcuisitionsProfessional Development

Christopher Schaper appointed chief executive officer of Marsh MGA Schinnerer Group

September 1, 2016 by Canadian Underwriter

Marsh has announced the appointment of Christopher Schaper as CEO of its managing general agent (MGA) business, the Schinnerer Group, effective immediately. In his role, Schaper will focus on the development and advancement of Marsh’s existing MGA businesses in Canada

News InsuranceLegalMarkets / CoveragesMergers and AqcuisitionsTechnology

‘Intelligent,’ tailored cyber insurance solution launched in Canada

September 1, 2016 by Canadian Underwriter

David Peterson, chairman of business law firm Cassels Brock & Blackwell LLP, and U.S. Governor Tom Ridge, the first U.S. Secretary of Homeland Security and former governor of Pennsylvania, announced on Thursday the launch of Ridge Canada Cyber Solutions, Inc.,

News InsuranceMergers and AqcuisitionsTechnology

Frank Cowan introduces drone endorsements for liability and property policies

August 28, 2016 by Canadian Underwriter

Frank Cowan Company announced on Friday that its liability and property policies can now be enhanced with endorsements to cover drones. The Princeton, Ont.-based managing general agent said in a statement that the drone/unmanned aerial vehicle (UAV) coverage “is intended

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Managing General Agent channel continues growth at rate exceeding P&C market: Conning

July 25, 2016 by Canadian Underwriter

The Managing General Agent (MGA) market has continued to grow at a rate exceeding that of the property-casualty market overall, according to a new study by Conning, Inc., a Hartford, Conn.-based global investment management firm. “In our analysis of the MGA