Commercial
Arthur J. Gallagher (AJG) announced late Thursday that it has “extended its investment in Canada and further diversified it geographic presence” with the acquisition of retail insurance broker GPL Assurance Inc. in Quebec. Terms of the transaction were not disclosed. Established in 1968 and based in Montreal and Laval, GPL specializes in developing tailored risk management […]
By Canadian Underwriter | August 4, 2017
3 min read
Quebec brokerage ESSOR Assurances announced on Tuesday that it has teamed up with brokerage Généralys assurance to “create a powerhouse and ensure better positioning in the Quebec City region.” Généralys assurance is one of the largest insurance brokers in home, automobile and commercial insurance in Quebec and is recognized for its “reputation and highly personalized […]
By Canadian Underwriter | August 1, 2017
2 min read
Archway Insurance, one of Atlantic Canada’s largest insurance brokerages, announced on Wednesday that is has a new location in Cape Breton, N.S.: MacCoy Insurance Brokers Ltd. Effective July 1, MacCoy Insurance will become the 22nd location of Archway Insurance, which now covers all of Nova Scotia and New Brunswick, Archway said in a press release. […]
By Canadian Underwriter | June 30, 2017
Toronto-based Approved Surety & Casualty Inc. announced on Monday that is has launched a capital disbursement program for brokers to enhance contractor bonding limit. “Approved Capital is a capital disbursement program for brokers that will allow their contractor clients to qualify for higher bonding limits, while providing our surety markets with extra security,” explained Don […]
By Canadian Underwriter | June 12, 2017
The province of Alberta will be holding a traffic safety campaign in June to educating drivers about the differences between commercial vehicles and smaller passenger vehicles. Occupants of a passenger vehicle are more likely to be killed or injured in a collision with a large commercial vehicle because of the differences in weight, stopping distance […]
By Canadian Underwriter | June 2, 2017
Bermuda-based Ironshore Specialty Casualty has enhanced its Transition Protection policy form to address contractual exposures associated with an organizational merger or acquisition (M&A) specific to the construction industry. Construction companies typically have contractual requirements to obtain insurance coverage for work completed prior to the M&A, notes a company statement Thursday. The Construction Transition Protection product […]
By Canadian Underwriter | March 10, 2017
1 min read
XL Catlin announced on Wednesday that it has quadrupled its builder’s risk insurance capacity to US$1 billion from US$250 million for construction firms in North America. The increased coverage for high-value commercial real estate projects is the result of a greater demand for a “single carrier builders risk solution for hospital, educational and commercial real […]
By Canadian Underwriter | March 9, 2017
The government of Manitoba announced on Wednesday that it is removing “unnecessary regulatory requirements” on the construction of farm buildings. Manitoba Agriculture Minister Ralph Eichler suggested in a statement that the removal of the regulations will support the long-term, sustainable growth of the province’s agricultural sector. “Our government is listening to Manitoba’s farm families and […]
By Canadian Underwriter | January 25, 2017
More crew members were kidnapped at sea in 2016 than in any of the previous 10 years, despite global piracy reaching its lowest levels since 1998, the International Chamber of Commerce’s International Maritime Bureau (IMB) reported on Tuesday. In its 2016 annual piracy report, IMB recorded 191 incidents of piracy and armed robbery on the […]
By Canadian Underwriter | January 10, 2017
MEDELLIN, Colombia – Bolivia’s Civil Aviation Authority on Thursday indefinitely suspended operations of the airline behind this week’s air tragedy in Colombia, as relatives of the victims spoke out in anger, many saying the crash was avoidable. The Bolivian agency said it was stopping all flights operated by LaMia airlines, amid reports its charter aircraft […]
By Canadian Underwriter | December 2, 2016
5 min read
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