Regulator to engage MGA sector on emerging risks
June 22, 2022 by Jason ContantCanadian Insurance Services Regulatory Organizations (CISRO) will soon be engaging Canada’s national MGA association to find out the emerging risks for the sector, the regulator said during a recent industry event. “Later this year, CISRO will be engaging CAMGA [Canadian…
Regulators’ principles of conduct: Are ‘MGAs’ the same as retail brokers?
April 13, 2022 by Jason ContantThe Financial Services Regulatory Authority of Ontario (FSRA) is proposing to adopt principles of conduct for insurance intermediaries, including adjusters, brokers, MGAs and third-party administrators. Whether the principles apply to MGAs in the same way as retail brokers is open…
Brokers and carriers react to MGA self-regulation
March 28, 2022 by Jason ContantProperty and casualty insurance carriers and brokers have embraced the Canadian Association of Managing General Agents’ (CAMGA) self-regulatory regime, the association’s managing director tells Canadian Underwriter. Late last year, CAMGA’s board and membership approved and adopted the undertaking as a…
Will brokers have a one-stop shop for MGAs?
February 23, 2022 by Jason ContantThe Canadian Association of Managing General Agents (CAMGA) is looking at using a technology platform that will make it easier for brokers to deal with MGAs. “CAMGA’s currently in the exploratory process of building a platform that will make it…
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…
When the Canadian MGA space will get a ‘smart and self’ regulatory regime
October 25, 2021 by Jason ContantCanada’s managing general agent association will unveil a ‘smart and self-regulatory’ regime in early November, the association’s managing director told Canadian Underwriter Monday. “This is something the association has been working on since earlier this year,” Canadian Association of Managing…
How new MGA association president wants to reach out to brokers
July 26, 2021 by Jason ContantThe new president of the Canadian Association of Managing General Agents (CAMGA) is looking to bring some recognition and change to the MGA industry during her two-year term. CAMGA president and board member MaryKate Townsend told Canadian Underwriter Friday that…
Canadian MGA association selects MaryKate Townsend as president
July 12, 2021 by Jason ContantMaryKate Townsend of Pacific Marine Underwriting Managers (PMU) has been named president of The Canadian Association of Managing General Agents (CAMGA), a national trade association representing MGAs in Canada’s property and casualty insurance industry. Michael Lough of Intact Public Entities…
Canadian MGA association takes centre stage with new board of directors
June 11, 2021 by Greg MeckbachGary 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…
Why there is very little MGA consolidation
February 8, 2021 by Jason ContantManaging general agencies (MGAs) in Canada are currently engaging in very little mergers and acquisitions activity among themselves because the market is still growing organically and is less mature than in other countries, the managing director of the national MGA…