There is more to this MGA than a name change

"This is an exciting time for our businesses in North America," says president

There is more to this MGA than a name change

Insurance News

By Lyle Adriano

Victor Canada did not always go by that name; prior to 2019, the Canadian managing general agent (MGA) was previously known as ENCON Group. The company got its big start in 1964, when it introduced professional liability insurance for architects in Canada, later launching the same product for engineers in 1969.

ENCON’s rebrand into Victor Canada came a year after its parent company The Schinnerer Group switched its name to Victor Insurance Holdings. But while the names have changed, both Victor Canada and Victor Insurance Holdings remain global underwriting powerhouses.

“This is an exciting time for our businesses in North America, and marks an important step in Victor’s future growth as a global MGA/MGU,” said Victor North America president Brian Hanuschak in a statement during the rebrand. “Operating under a unified, global Victor brand enables us to build on Victor Canada’s considerable strength in the marketplace through strategic product and digital enhancements.”

Victor Canada is currently one of Insurance Business Canada’s 5-Star MGA winners for 2022. In addition to being recognized for the overall award, Victor Canada also won recognition as a top MGA in the pricing, technical expertise and product knowledge, range of products, and reputation categories.

Read more: 5-Star MGAs 2022

At present, Victor Canada has offices in Edmonton, Ottawa and Mississauga, with over 240 employees. It works with independent brokers across the country, as well as a large pool of A-rated carriers, to provide a range of products and programs across Canada in professional liability, property, casualty, and group and retiree benefits.

It may bear a different name from when it first came into business, but Victor Canada remains committed to the same vision it had in 1964.

“By combining our business under a single brand and leveraging our data, technology and capital capabilities across Victor, we will be even better positioned to offer innovative solutions to agents, brokers, insureds, and carriers,” said Victor Canada president David Cook in a previous statement.

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