What’s next for Fairfax in the Lloyd’s market
November 2, 2018 by Greg MeckbachToronto-based Fairfax Financial Holdings Ltd. plans to buy the remainder of Lloyd’s insurer Brit PLC within the next couple of years, Fairfax president Paul Rivett said Friday. Toronto-based Northbridge Insurance and Stamford, Conn.-based OdysseyRe are among the insurance subsidiaries owned…
Hub subsidiary Totten buys MGA in Atlantic Canada
October 3, 2018 by Greg MeckbachAnderson 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.…
Kingsway Financial to leave Canada
September 28, 2018 by Greg MeckbachKingsway Financial Services Inc., which used to own Jevco and York Fire and Casualty, plans to relocate to the United States. Toronto-based Kingsway no longer writes property and casualty insurance in Canada, but it still has a Toronto head office…
Third spill of sulphuric acid reported in Trail, B.C.
September 24, 2018 The Canadian PressTRAIL, B.C. – The movement of sulphuric acid by truck through a southeastern British Columbia city has been halted while officials try to determine why there has been a third leak of the corrosive liquid in less than six months.…
More commercial brokerage consolidation could follow Marsh-JLT combo
September 19, 2018 by Greg MeckbachA US$6-billion merger between Marsh & McLennan Companies Inc. and Jardine Lloyd Thompson Group Plc could form the world’s largest commercial brokerage, and more mergers and acquisitions among commercial brokerages will likely to follow, a Canadian M&A expert suggests. Marsh…
Canadian hail insurance broker acquired by Hub
September 11, 2018 by Greg MeckbachHub International Ltd. continues to buy Canadian property and casualty brokerages, with the acquisition of Ottawa-based Access Insurance Brokers Inc. as well as a Saskatchewan provider of farm insurance. Chicago-based Hub announced Monday it has acquired Frontier Business Centre Ltd.,…
Diversity critical for MGA entering Quebec market
August 17, 2018 by Jason ContantFor Canadian managing general agents, maintaining a diversified portfolio and effective distribution channel for products is crucial to success, according to Gary Hirst, president of CHES Special Risk. Hirst spoke to Canadian Underwriter Thursday, one day after CHES announced it…
Parents of Humboldt Broncos player killed in crash sue truck driver, bus maker
July 10, 2018 THE CANADIAN PRESSREGINA – The family of one of the Humboldt Broncos players killed in a highway crash has filed a lawsuit alleging a semi-truck driver with inadequate training failed to stop at a flashing stop sign at a rural intersection hidden…
Truck driver criminally charged in Humboldt Broncos bus crash
July 7, 2018 Dean Bennett - THE CANADIAN PRESSThe driver of a transport truck faces 29 criminal charges in a fatal collision that killed 16 people, including 10 players, with the Humboldt Broncos junior hockey team. Thirteen other players were injured. RCMP say Jaskirat Singh Sidhu, 29, is…
Chris Giffin sells interest in 30 Forensic Engineering, stepping down as CEO
June 18, 2018 by Jason Contant30 Forensic Engineering’s senior leadership team has acquired the firm, the company formerly known as Giffin Koerth announced Monday. As part of the “evolution and growth strategy of the organization,” founding partner Chris Giffin has agreed to sell his interest in…
Small is Beautiful
May 8, 2018 Emily Atkins, EditorIt’s fair to say that Nick Stagliano and Scott Mastromatteo dislike bureaucracy. In fact, their need to get out from under the load of meetings, paperwork and layers of management was a principal motivator in the founding of NSA Claims.…
Hub acquires Alberta brokerage specializing in commercial lines
May 3, 2018 by Greg MeckbachCarlton Insurance Brokers Inc. of Jasper, Alta., a full service brokerage that specializes in commercial auto and oil and gas, has been acquired by Hub International Limited. Carlton places insurance for a variety of clients including trucking companies and the…