Selectpath Insurance, a Navacord brokerage, has partnered with Myers Insurance to enlarge the southwestern Ontario presence of each brokerage. Headquartered in Wallaceburg, Ont., and with an office in Corunna, Myers Insurance is a second-generation multi-lines brokerage run by president Jim Myers. The business started with Myers’ father in 1944. Myers Insurance offers a wide variety […]
November 28, 2023
2 min read
Aviva Canada is acquiring Optiom O2 Holdings Inc., a managing general agent (MGA) that specializes in vehicle replacement insurance in Canada. The $170-million Cdn deal is subject to regulatory approval and is expected to close in the first quarter of 2024. Aviva Canada says the deal will expand its capital light businesses, which make up […]
November 27, 2023
2 min read
MONTREAL – The Lion Electric Co. says it is cutting 150 jobs or about 10% of its total workforce in a move to reduce costs and improve its ability to reach its profitability objectives. Lion Electric chief executive and founder Marc Bedard says it was a difficult decision, but the right thing to do for […]
November 27, 2023
1 min read
Ontario auto insurers are commending the provincial government for committing $18 million over three years to help police services combat and prevent auto theft. “Last year marked the first time in history when Canada’s insurers paid over $1 billion in claims for stolen vehicles,” Amanda Dean, interim vice president of Ontario for the Insurance Bureau of […]
November 24, 2023
3 min read
According to Ngawang (Noah) Choedon, everyone has a responsibility to give back. It’s why she takes every opportunity to help develop the new generation of P&C entrants. It’s also why she was recognized with the Insurance Institute of Canada’s Emerging Leader Award, announced last week. Choedon, senior environmental underwriter at Zurich Canada, is an active […]
November 21, 2023
3 min read
In a bid to shore up its personal and commercial insurance capabilities, Hub International Limited has acquired the assets of Quebec-based D’Onofrio Insurance Inc. Located in Laval, Que., D’Onofrio Insurance is an independent brokerage offering personal and commercial insurance to clients in the region, Hub said last month, when the acquisition was announced. Terms of […]
November 6, 2023
3 min read
The Canadian Independent Adjusters’ Association (CIAA) has announced Maria Joshua as its new president. Joshua is vice president, quality assurance and training with Sedgwick Canada. She has more than 10 years’ experience at Sedgwick and more than 35 years’ experience in the industry. Prior to her new appointment, she was president of CIAA’s Ontario […]
November 3, 2023
2 min read
Valani Global, an actuarial modeling and financial reporting firm with operations in Canada and the United States, has acquired MSA Research, a Canadian analytical research firm specializing in the insurance industry. Terms of the deal were not disclosed. “This acquisition combines MSA’s strong market presence with Valani Global’s expertise in the life and health insurance […]
November 2, 2023
2 min read
Manitoba Public Insurance (MPI) will resume full service Friday, after its union employees voted in favour of a deal that ends a long labour dispute with the public insurer. The new deal ends a 10-week-long job action by members of the Manitoba General Employees Union (MGEU), which represents about 1,700 MPI workers. The agreement includes […]
November 1, 2023
2 min read
Accelerant Holdings U.K. Ltd. has officially entered the Canadian property and casualty insurance market, closing the deal to acquire Omega Insurance Holdings Inc. from Till Capital Corporation. Accelerant will pay Till Capital approximately $13 million Cdn in exchange for all of Omega’s issued and outstanding shares. First announced in 2021, the deal has received approval […]
October 27, 2023
2 min read