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Vancouver-based Vertical Insurance Group Ltd., owners of Shaw Sabey, Metrix, Core, Magnes, LMG and other retail insurance brokerage businesses, has announced the acquisition of the majority interest in the capital of brokerage Axis Insurance Managers Inc., also of Vancouver. Alex Meier, Vertical Group president, will take the position of president at Axis Management. The acquisition […]
By Canadian Underwriter | November 9, 2016
2 min read
The Centre for Study of Insurance Operations (CSIO) announced on Wednesday that Pembridge Insurance Company and Pafco Insurance Company of Markham, Ont. have both obtained CSIO certification for Personal Lines eDocs. “We are pleased to now offer our brokers access to their Pembridge/Pafco broker declarations electronically through eDocs, after achieving CSIO certification for this initiative,” said […]
Ed, the global reinsurance, wholesale and specialty broker, announced on Friday the launch of what it is calling the insurance industry’s first global cyber academy. The Ed Cyber Academy, which will be led by Peter Hacker, the company’s group chief innovation officer, will provide clients, partners and underwriters with an in-depth insight into cybercrime and cybersecurity risks, Ed […]
By Canadian Underwriter | November 4, 2016
Excess Underwriting and Towerhill Insurance Underwriters Inc., both coverholders at Lloyd’s, announced on Thursday that they have merged effective Nov. 1. The companies will serve their broker partners as Excess Underwriting operated by Towerhill Insurance Underwriters Inc., said a joint press release signed by Towerhill Insurance president and CEO George Longo and Excess Underwriting president […]
By Canadian Underwriter | November 3, 2016
The Insurance Institute of Canada (IIC) has elected Jean-François Blais, president of Intact Insurance, as chair of its board of governors. The IIC elected Blais at its 63rd annual general meeting on Oct. 25 in Charlottetown, P.E.I., the institute said in a press release issued on Thursday. Blais has been president of Intact Insurance since […]
Co-operators General Insurance Company announced on Tuesday that its wholly-owned subsidiary has purchased Assurance Aubin Insurance Brokers Ltd. The brokerage’s portfolio includes personal and commercial insurance policies, The Co-operators said in a press release. Assurance Aubin has locations in Hearst, Wawa and Terrace Bay, Ont. Current clients of the brokerage will be notified of the […]
By Canadian Underwriter | November 1, 2016
Toronto-based Moore-McLean Insurance Group Ltd. announced on Friday that it has acquired the assets of Markham, Ont.-based Hallmark Insurance Group and its family of companies. Beginning Oct. 28, they will form McLean Hallmark Insurance Group Ltd., and McLean Hallmark Financial Ltd. The new firm will have a broad footprint in the Greater Toronto Area, including […]
By Canadian Underwriter | October 28, 2016
Canada’s property and casualty industry – in need of a regulatory environment that fosters the innovation and responsiveness consumers are demanding – is at risk of losing pace to new competitors, Don Forgeron, president and CEO of Insurance Bureau of Canada (IBC), suggested Tuesday at IBC’s 16th Annual Regulatory Affairs Symposium. “We’re losing on the […]
By Jason Contant | October 26, 2016
4 min read
Brokers, broker management system (BMS) companies and insurance companies all need to “come together” using collaboration, communication and integration, incoming Insurance Brokers Association of Ontario (IBAO) president Traci Boland said last week at the association’s 96th annual convention. “The theme for 2017 is come together,” Boland said in advance of the CEO Panel at the […]
By Jason Contant | October 23, 2016
The Insurance Brokers Association of Ontario (IBAO) has announced the “top performing brokers and brokerages” throughout the province at their recent annual Awards of Excellence gala. Held on the opening night of the 96th annual IBAO Convention at the Sheraton Centre in Toronto on Wednesday, the Awards of Excellence highlight the achievements and initiatives of […]
By Canadian Underwriter | October 21, 2016
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