Canadian market News

McLarens Acquires Canadian Loss Adjusting Firm MGB Claims Consultants

McLarens, the Atlanta-based independent insurance services provider, announced the acquisition of MGB Claims Consultants Inc., a complex commercial claims adjusting firm in Canada. Financial terms of the transaction were not disclosed. Headquartered in Toronto with additional employees in Calgary and …

NFP in Canada and Aviation Broker Piiq Risk Form Exclusive Partnership

NFP, a New York-based insurance broker and consultant, announced the formation of an exclusive strategic partnership in Canada with aviation re/insurance broker Piiq Risk Partners. The NFP Complex Risk Solutions Group will provide domestic account servicing in Canada to Piiq’s …

Chubb Canada Launches Hub for General Aviation and Non-Major Aerospace Insurance

Chubb announced that it has set up an aviation hub in Canada to develop further its domestic general aviation and non-major aerospace business. The Canadian Aviation hub is part of a new regional focus for the aviation team from Chubb …

Coalition Enters Canadian Excess Cyber Insurance Market

Coalition, the San Francisco-based cyber insurance and security company, announced it will enter the excess cyber insurance market in Canada to help protect businesses with enhanced coverage. With the coverage, Coalition will provide free access to Coalition’s cyber-security capabilities, including …

Canadian Municipalities Face Surging Liability Insurance Costs

TORONTO โ€“ Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for residents. The increase in premiums, about 20% to …

Budweiser Insurance, Eh? Beer Maker Taps Into Canadians’ Love for BBQs

The “king of beers”โ€”Budweiserโ€” is venturing into the Canadian insurance industry with the launch of Budweiser Insurance. The major brand made its intentions known in two separate announcements. Addressing those who doubted the seriousness of the effort, Mike D’Agostini, Budweiser …

People Moves: Carpenter Hires AXA XL’s Gressier; Aon’s Bisset to Lockton Re’s Global Retro Unit; BHSI Canada Promotes Knight

This wrap-up of international People Moves details recent appointments at reinsurance brokers Guy Carpenter & Co. and Lockton Re and insurer Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Guy Carpenter & Co., the reinsurance …

Canada’s Economical Insurance Launches Platform to Simplify Brokers’ SME Placements

Economical Insurance has introduced Vyne Commercial, a new digital platform and an expanded product offering, which is designed to simplify the process of insuring small businesses. Broker partners will be able to instantly quote and bind new property/casualty policies for …

Canadian Fintech Company Ratehub Launches Insurance Brokerage

Canadian fintech company Ratehub Inc. has launched a property/casualty (P/C) brokerage called RH Insurance. Toronto-based Ratehub, which operates the financial product comparison site Ratehub.ca, said the launch brings the company one step closer towards achieving its goal of “being Canada’s …

Hub International Acquires Canada’s Global Credit Risk Management Inc.

Hub International Ltd., the Chicago-based insurance broker, announced it has acquired Global Credit Risk Management Inc. (GCRM). Terms of the transaction were not disclosed. With a national presence and offices located in Ontario and Alberta, GCRM is an independent broker …