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...

Edmonton, AB (Feb. 9, 2026) – Axis Insurance Managers Inc. has announced its acquisition of Treasures Insurance Edmonton Inc., further strengthening Axis’s footprint in Alberta and enhancing the combined firm’s ability to provide comprehensive insurance and advisory services across Canada. The acquisition unites two organizations that share a commitment to client-focused service, integrity, and customized insurance expertise. Treasures Insurance Edmonton is well regarded for its personalized commercial and personal insurance solutions, while Axis brings the capabilities of a full-service, national brokerage. As part of this transition, Chris Waye has joined Axis Insurance as Senior Vice President, Corporate Development & Director Edmonton, supporting the expansion of Axis’s footprint in Edmonton. Axis Insurance is an award-winning brokerage offering comprehensive risk management and insurance services to local, national, and international clients. Since 1928, Axis has grown into a leading national brokerage with over 400 dedicated professionals who specialize in assessing business and personal risks, delivering solutions to mitigate, reduce, or transfer them. Axis is committed to creating tailored strategies that empower clients to embrace risk as a pathway to growth and resilience. As a full-service brokerage, Axis specializes in commercial insurance, personal insurance, life, employee benefits, and wealth advisory services. Axis’s success stems...

Toronto, ON (Jan. 22, 2026) – BOXX Insurance, the original all-in-one cyber insurance and protection company, has findings revealing the increasing importance of artificial intelligence (AI) as a core capability for Canadian Insurance Brokers placing commercial and personal cyber and tech coverage. 100% of Brokers Report Using AI but Human Expertise Still Reigns The findings highlight that AI is now embedded within everyday Broker workflows, helping them simplify complex cyber risks, surface emerging threats and deliver faster, clearer, and more tailored advice to clients. All cyber and tech insurance Brokers (100%) surveyed  reported using AI in their day-to-day work at least multiple times per day. Thirty-five per cent of respondents reported relying on AI tools or chatbots to stay informed on market shifts and emerging risks, whilst 52% reported using AI to explore trends and 47% used it to compare information. By using AI to leverage trusted data sources and industry expertise, Brokers can offer timely and bespoke advice to their clients. Despite this surge in AI usage, Canadian Brokers aren’t abandoning traditional wisdom as they continue to access authoritative sources to understand trends via company and industry reports, trade media and professional associations or Broker networks. Brokers Anticipating Faster...

Governments urged to significantly boost investments in resiliency to better protect communities Toronto, ON (Jan. 27, 2026) – Insured damage caused by severe weather events exceeded $2.4 billion in 2025, according to Catastrophe Indices and Quantification Inc. (CatIQ). This makes 2025 the tenth costliest year on record for severe weather–related insured losses in Canada. Noteworthy severe weather events in 2025 include the late-March ice storm in Ontario and Quebec, May wildfires in Flin Flon, Manitoba, and La Ronge, Saskatchewan, a July hailstorm in Calgary, Alberta, severe storms across the Prairies in August that caused significant hail damage to vehicles in Brooks, Alberta, and December floods in British Columbia. March 28–31: Ontario and Quebec ice storm – $490 million May: Flin Flon and La Ronge wildfires – $300 million July: Calgary hailstorm – $160 million August: Prairie severe storms – $235 million December: BC atmospheric river series – $90 million “Severe weather events continue to intensify. Two decades ago, insured losses seldom surpassed $500 million in a year. Today, annual costs exceeding $1 billion have become the norm. This shift demands that we fundamentally rethink how we build, plan and restore communities across our country,” said Celyeste Power, President and CEO, Insurance...