Canadian Underwriter

Segment
MGAs


Concept of mergers and acquisitions
News Insurance

U.K. underwriting group buys Toronto-based insurer

June 30, 2021 by Jason Contant

Accelerant Holdings has entered into the Canadian market with a share purchase agreement that includes the parent company of Toronto-based Omega General Insurance Company. Accelerant is a London, U.K.-headquartered underwriting group that works exclusively with MGAs and program administrators in

News Insurance

The essence and future of WICC

June 29, 2021 by David Gambrill

Editor’s Note: This article is Part 2 of a two-part story honouring the 25th anniversary of the Women in Insurance Cancer Crusade (WICC). Part 1 appeared in Canadian Underwriter‘s e-Newlsetter on Tuesday, June 29.   Women in Insurance Cancer Crusade

News Insurance

Happy 25th, WICC: The light that never goes out

June 28, 2021 by David Gambrill

Editor’s Note: This article is Part 1 of a two-part story honouring the 25th anniversary of the Women in Insurance Cancer Crusade (WICC). Part 2 will appear in Canadian Underwriter‘s e-Newlsetter on Wednesday, June 30.   If Women in Insurance

News AnnouncementsAppointmentsBrokersInsuranceMGAs

April Canada unveils its new CEO, transition plan

June 22, 2021 by David Gambrill

After eight years in Quebec with April Canada, Sebastien Gabez is leaving the Canadian operations to join April in the Caribbean, effective July 1, 2021. After being the managing general agency’s CEO for the past three years, he is handing

News Commercial LinesInsuranceTechnology

How to sell insurance to a solo entrepreneur in under a week

June 14, 2021 by Greg Meckbach

A major pain point for gig-economy entrepreneurs is the traditional process of getting commercial coverage, a Vancouver insurtech CEO suggests. “It is tough being a solo entrepreneur, especially now,” said Jeff McCann, CEO Apollo Insurance Solutions Ltd.  “These people are

News Associations

Canadian MGA association takes centre stage with new board of directors

June 11, 2021 by Greg Meckbach

Gary Hirst is stepping down as president of the Canadian Association of Managing General Agents (CAMGA). “You might think it is strange that I am pleased to be stepping down,” Hirst, the CEO of CHES Special Risk Inc., announced during

News InsuranceMarkets / CoveragesMGAsTechnology

MGA simplifies purchase and validation of tenant’s insurance online

June 9, 2021 by Greg Meckbach

Landlords often require their tenants to have insurance coverage as a condition of the leases, but it could be quite a paper chase to keep track of thousands of tenants and their insurance status. Vancouver-based insurtech and managing general agent

News ClaimsClaims CanadaEngineeringMGAsRisk

Pollution coverage gaps your clients may not know about

May 21, 2021 by Greg Meckbach

The cost of cleaning up after spills of petroleum, oil, or other contaminants may not be covered under your client’s liability or property policy, a managing general agent warns. Many clients are exposed to pollution risk but are not necessarily

News BrokersMGAsTechnology

The ‘perfect way’ for insurers to put capital back into the marketplace

May 10, 2021 by Greg Meckbach

The hard market in commercial lines has caused some managing general agents to lose some products, yet more insurance is still being placed through MGAs, panelists told brokers listening to a recent webinar. “I think it’s a perfect way for

News InsuranceMarkets / CoveragesMGAs

Where MGAs could find new capital as Lloyd’s limits capacity

May 8, 2021 by Greg Meckbach

With some commercial coverages becoming harder to place in the hard market, reinsurers are looking to distribute through managing general agents, Virtual Symposium B.C. attendees heard Thursday. “I had two meetings today with two separate reinsurers who are very interested

News BrokersCommercial Lines

What MGA acquisitions bring to the table for Intact

April 30, 2021 by Greg Meckbach

By acquiring managing general agents, Intact Financial Corp. gets a new stream of revenue and an opportunity to grow its commercial specialty business, says the leader of Intact’s MGA operations. When Intact acquired The Guarantee Company of North America from

News BrokersInsuranceMergers and AqcuisitionsMGAs

Intact unveils new brand name for MGA Frank Cowan

April 28, 2021 by Greg Meckbach

Intact Financial Corp. is changing the brand name of Frank Cowan Company, the managing general agent it acquired in 2019 from Princeton Holdings. The MGA will be known as Intact Public Entities Inc. “The MGA distribution channel presents a strategic