Excess Underwriting, a Gallagher company, is merging with fellow managing general agent (MGA) Core Underwriting Services.
Richmond Hill, Ontario-based Core specializes in commercial insurance solutions for Canadians on standard and non-standard property and liability coverages. Following the transaction, announced August 23, Core will transition to the Excess Underwriting name.
Core co-founders Benjamin Ts’o and Raymond Hui, who are both Fellows of the Insurance Institute of Canada, will continue to service their clients under the Excess Underwriting brand.
Founded in 2008 and based in Markham, Ontario, Excess Underwriting is a P&C MGA and Lloyd’s broker serving retail insurance brokers and their personal and commercial clients across Canada. The MGA was acquired by Gallagher on June 16, 2021, and has since expanded its range of specialty programs and its distribution network across Canada.
“We jumped at the opportunity to merge our two firms, as this merger helps expand our distribution” said George Longo, president, Excess Underwriting. “Working with Benjamin Ts’o and Raymond Hui and the Core team will solidify our presence in the GTA, while also expanding our product and solution offerings for our broker partners and their clients.”
