Top Broker magazine, related assets acquired by Canadian Underwriter parent company

A decades-old rivalry between the country’s two oldest insurance publications ended last week when the parent company of Canadian Underwriter announced its acquisition of Canadian Insurance Top Broker magazine and related assets from TC Media.

The October 11 announcement came a day after Canadian Underwriter released its “relaunch” issue, which debuted a new design and editorial mandate for the nearly 85-year-old publication.

In a press release, Newcom Media Inc. said that it had acquired all assets of the “CI Top Broker family,” including the magazine, website and daily electronic newsletter, annual directories and the Top Broker Summit conference, adding that “Newcom Media’s acquisition of these properties, related content archives and subscriber lists, as well as other assets, will further strengthen its position in the market.”

Financial terms of the deal were not made public.

Canadian Insurance Top Broker launched in 1913 as Canadian Insurance, providing news and analysis of interest to the broader industry. The publication focused its editorial content on the broker channel and adopted its current moniker in 2010.