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real estate

News Insurance

MGA merger: RAISE Underwriting to acquire United Surety

November 10, 2021 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 Insurance

Canadian home sales up 76% year over year, set new March record: CREA

April 15, 2021 Tara Deschamps, The Canadian Press

A trickle of supply started returning to the country’s real estate sector in March, but it did little to cool off heated markets as monthly home sales hit an all-time record, the Canadian Real Estate Association said Thursday. Sales across

News Insurance

What’s unique to this hardened real estate insurance market

September 17, 2020 by Adam Malik

At the same time insurers have a reduced appetite to take on real estate risks, real estate developers during a pandemic-induced economic recession have an aversion to investing a lot of money into risk-reduction measures. These twin dynamics are a

News Insurance

COVID-19 compounds ongoing real estate insurance challenges

September 8, 2020 by Adam Malik

The global pandemic isn’t necessarily causing a large number of problems around insurance issues in the real estate sector, but it’s clogging up the pathway to making things better. “The way we’re thinking about real estate and insurance is that,

News Insurance

How brokers can help mitigate risk when clients build in risky areas

September 4, 2020 by Adam Malik

Cost management needs to become a top priority if the property and casualty insurance industry wants to slow down the rise in premiums for the real estate sector. And to do that, an expert explained, both industries — insurance and

News Insurance

How your advice can help flood-proof future real estate development

August 26, 2020 by Adam Malik

There’s not enough collaboration between stakeholders in Canada’s real estate sector and risk professionals with information about natural hazards, and real estate investments could drown as a result, an expert warned. If real estate is constantly being exposed to damage

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Beazley launches environmental coverage in Canada

July 19, 2017 by Canadian Underwriter

Beazley has launched its local environmental coverage in Canada with a product suite tailored to the specific market. The suite includes the ECLIPSE (fixed site) form, the ENVIRO (contractors’ pollution legal liability) form and the BeazleyOne (combined) form. Limits are

News InsuranceMergers and AqcuisitionsTechnology

California firm Digital Map Products acquires DMTI Spatial

July 12, 2017 by Canadian Underwriter

Irvine, Calif.-headquartered Digital Map Products, Inc. (DMP), a geospatial mapping technology and intelligence firm, announced on Wednesday that it has acquired DMTI Spatial from Neopost Canada. The “acquisition of Canada’s market leader in location-based information and data quality expands DMP’s

News InsuranceMergers and AqcuisitionsTechnology

Aviva Canada invests $2.5 million in Canadian real estate marketplace & brokerage Casalova

April 5, 2017 by Canadian Underwriter

Aviva Canada has announced an equity partnership with real estate marketplace and brokerage Casalova. Aviva Canada announced the partnership in a press release on Wednesday, noting that the $2.5 million investment is being made by Aviva Ventures, Aviva plc’s venture

News InsuranceMergers and Aqcuisitions

Aviva Canada launches cross-border insurance solution for Canadian domiciled companies

November 24, 2016 by Canadian Underwriter

Aviva Canada has launched a cross-border insurance solution for Canadian domiciled companies with assets, exposures or plated vehicles in the United States. On Thursday, the insurer announced the solution for Canadian domiciled companies that have physical assets, exposures or plated