Industry

BrokerLink’s take on the surging demand for brokerage M&A

EDITOR’S NOTE:  This article has been corrected to show that BrokerLink has over $2 billion of written premiums. A previous version of this article icorrectly stated the Intact subsidiary had more than $2.5 billion in premium overall, about $700 of million of which is in commercial lines. Canadian Underwriter apologizes for the error.   The […]

By Jason Contant | June 30, 2021

3 min read

Northwest Territories government to pay repair costs from spring flooding

YELLOWKNIFE – The government of the Northwest Territories says it will cover the cost to repair or replace homes damaged by spring flooding. The government says 70 homes were affected in Fort Simpson, 16 to 18 in Jean Marie River and 10 in Fort Good Hope after rivers rose to historic levels, which forced entire […]

By Jason Contant | June 30, 2021

1 min read

Old equipment causing new problems for insurers

Insurers are getting a front-row seat in learning the risks that come from aging renewable energy-producing equipment, says an industry expert. The last 15 years have seen a spark in growth in the area of renewable energy development, particularly in wind and solar. But, similar to the cars we drive, these machines are reaching the […]

By Adam Malik | June 30, 2021

2 min read

U.K. underwriting group buys Toronto-based insurer

Accelerant Holdings has entered into the Canadian market with a share purchase agreement that includes the parent company of Toronto-based Omega General Insurance Company. Accelerant is a London, U.K.-headquartered underwriting group that works exclusively with MGAs and program administrators in the United States and U.K. The share purchase agreement between Accelerant and Till Capital Corporation […]

By Jason Contant | June 30, 2021

2 min read