Unica Insurance : Everything you need to know

Unica Insurance – Everything you need to know

Headquarters Address


7150 Derrycrest Drive Mississauga, ON
L5W 0E5



$138 million (2018)

Size (employees)





Underwriting Expertise


Niche commercial insurance and personal insurance for high net worth clients

Key People (Names Only)

COO: Dave Smiley

About Unica Insurance
Unica Insurance is an insurance carrier delivering both niche commercial solutions (including property and liability, vehicle, and small business products) and personal insurance products for high net worth clients, including coverage for properties, vehicles, and leisure and lifestyle, as well as umbrella insurance.

Unica is a subsidiary of La Capitale General Insurance, which is one of the largest property and casualty insurers in Canada. Unica’s products are delivered through a network of insurance brokers across Ontario – a channel that the company consistently stands behind.

“Unica strongly believes in the value of the broker. Our target customer relies on the expertise, advocacy and in-depth product knowledge brokers provide to build personalized insurance solutions for their specific needs,” said Unica COO Dave Smiley in 2019, following the continuation of Unica’s partnership with the Insurance Brokers Association of Canada (IBAC) in supporting the Broker Identity Program.

Unica has been recognized as a Five-Star Carrier by Insurance Business as well as a Top Insurance Workplace.

History of Unica Insurance
Unica’s roots date back to 1955, though it was initially a non-standard automobile insurer called York Fire & Casualty Insurance Company. Ten years ago, the company was drowning after years of poor results and its future prospects looked dim. However, in 2008, York Fire & Casualty was acquired by La Capitale General Insurance, which kicked off one of the most significant industry turnarounds in recent years.

Following the acquisition, York Fire & Casualty was rebranded to Unica Insurance and was reinvented as a niche carrier with its current strong focus on commercial lines and VIP personal insurance solutions. As part of this reinvention, the Ontario-based firm re-focused its broker strategy, reducing its broker partnerships from 240 in 2008 to just 97 in 2019.

Leadership at Unica Insurance
Dave Smiley – Chief operating officer

\Smiley started his insurance career in 1990 and has since held several senior leadership positions in the industry, which includes spending a few years with a large international insurer. He joined Unica in 2009 and has worked alongside the insurer’s executive team to create a niche insurance carrier that focuses on certain commercial segments and VIP personal lines. Smiley has a Bachelor of Science degree from Acadia University and is a Fellow Chartered Insurance Professional.

Culture at Unica Insurance
Unica has established itself as a “people first” company and offers many benefits to its employees, including work-life balance through paid vacation time, paid company holidays, two floater days, and additional time off for important events, like moving, marriage, and having kids.

Unica also boasts a strong social and environmental commitment, and meets sustainable development standards. The carrier manages the way its operations affect the environment and surrounding community through its Leadership in Energy and Environmental Design (LEED) building, a partnership with The Carpool Network, as well as an eco-committee that sponsors ideas to encourage environmentally friendly behaviours among its employees and the broader business operations.

Unica Insurance : In the news