Insurable Interest Canadian Insurance Blog

Brokerlink acquires Spruceland Insurance Brokers, Spriggs Insurance, and William G. Waters Insurance Toronto, ON (Feb. 12, 2026) – BrokerLink has kicked off the year with three new acquisitions in Alberta and Ontario. SL Insurance Brokers Ltd. (Spruceland Insurance Brokers), Spriggs Insurance Brokers Limited (Spriggs Insurance) and William G. Waters Insurance Brokers Limited (William G. Waters Insurance) joined BrokerLink effective February 1, further establishing the company’s presence in several communities. Connecting with more customers across Northern Alberta Spruceland Insurance Brokers has offered personalized service to local Albertans for close to 50 years. Over the decades, the Spruce Grove-based brokerage has remained independently owned, offering a range of specialty and hard-to-place coverages. Spruceland Insurance Brokers specializes in serving small to mid-sized businesses, contractors and personal insurance customers with complex needs. Serving more community members across Southern Ontario For over 50 years, Spriggs Insurance has operated as a brokerage built on strong family values, specializing in personal and small business insurance. Deeply rooted in its community, the Spriggs Insurance team has supported a wide range of local charities, cultural organizations and volunteer-driven initiatives. The brokerage has served its loyal customers by delivering customized coverage and outstanding service. Since 1961, Scarborough-based William G. Waters...

Toronto, ON (Jan. 29, 2026) – TD Insurance (TDI) is pleased to announce that it has successfully sponsored its new catastrophe bond, Series 2026-1, which will provide the TDI insurance companies additional reinsurance capacity through a multi-year risk transfer of C$115MM aggregate protection against named storms, earthquakes, severe convective storms, winter storms and wildfires. The proceeds are invested in CAD-denominated European Bank for Reconstruction and Development (EBRD) notes. This is the second cat bond sponsored by TDI, who in 2025 became the first Canadian insurer to sponsor a bond solely focused on catastrophe perils in Canada. “Natural disasters can have devastating impacts on Canadians, their families and entire communities. Protecting our clients in their moments of need is a responsibility we take very seriously,” said James Russell, President and CEO, Senior Executive Vice President, TD Insurance. “Through this second catastrophe bond, we’re able to help manage rising costs of these events to provide the most competitive pricing possible for our clients.” The reinsurance protection from the MMIFS Re Ltd. issued Series 2026-1 cat bond will provide more reinsurance protection for named storms, earthquakes, severe convective storms, winter storms and wildfires in Canada on an indemnity and annual aggregate basis, over...

Canadian Broker Network Welcomes its Newest Member Toronto, ON (Feb. 12, 2026) – CBN, the exclusive peer advisory group for high-performing brokers in Canada, is pleased to announce the addition of Morison Insurance Brokers, serving all of Ontario through six office locations. “We are excited to welcome Morison Insurance to CBN,” said Lorie Phair, President of CBN. “Their strong operational performance, and enthusiastic leadership make them an excellent addition to the CBN community.” “Becoming part of CBN gives us the opportunity to learn from other leading independent brokers, stay informed about industry changes, share our own success strategies, and continue strengthening our business through collaboration and knowledge exchange,” said Fred Morison, President & CEO of Morison Insurance. About Morison Insurance Morison Insurance is a top-rated insurance brokerage with multiple locations serving all of Ontario. We’re a proudly Canadian company that believes in protecting people and families through providing insurance services that safeguard your home, vehicle, business, and life. Morison Insurance gives our clients the professional advice and support they need to choose the insurance products that best fit their lives. Our brokerage has been family-run since 1923. We have family roots, a family feel, and always have your best interest...

Significant progress made in last two years, ongoing work needed to continue decreasing auto theft — Roughly two years ago, on February 8, 2024, the federal government hosted the National Summit on Combating Auto Theft in response to a sharp rise in auto theft across the country. Since then, and as a result of the efforts of governments, law enforcement and other stakeholders, the number of auto theft claims has declined by 27% over the last two years.[1] “Since the summit, considerable progress has been made in the fight against auto theft,” said Liam McGuinty, Vice-President, Federal Affairs, Insurance Bureau of Canada (IBC). “Auto theft rates have dropped, thanks in large part to concerted efforts by governments and law enforcement to ensure stolen vehicles are seized before they leave Canada’s ports.” The federal government’s National Summit on Combatting Auto Theft brought together all orders of government, law enforcement, border and port officials, insurers and auto manufacturers to find solutions to the crisis. It resulted in the National Action Plan on Combatting Auto Theft (Action Plan), which outlines a series of actions focused on disrupting, dismantling and prosecuting the organized crime groups behind auto theft. IBC notes that the federal government...