New MGA enters Canadian market

New MGA enters Canadian market | Insurance Business Canada

Insurance News

New MGA enters Canadian market

Niche offering aims to bridge coverage gaps in the market

Insurance News

By
Terry Gangcuangco

New managing general agent Jewelery Store Insurance has entered the Canadian market to offer specialized jewelers block and personal article floaters insurance.

The comprehensive offering caters to the distinct requirements of jewelry store operators, traders, and high-net-worth individuals, ensuring financial security and confidence within a dynamic market.

Under the leadership of Emily Newell, an expert in this niche sector, Jewelery Store Insurance aims to bridge the existing coverage gaps in the market by providing customized insurance solutions for both commercial and personal clients.

Commenting on the launch of the Lloyd’s coverholder, Newell said: “We are excited to introduce Jewelery Store Insurance to the Canadian market. Our dedication to providing comprehensive coverage for jewelers, as well as personal article floaters insurance for valuable possessions, addresses a critical need in the industry.”

For brokers, Jewelery Store Insurance offers specialized policies aimed at those requiring jewelers block insurance for commercial purposes and personal article floaters insurance for high-value items including antiques and vintage cars.

The approach allows clients to receive complete protection for their prized possessions, filling any gaps left by basic home insurance policies.

Highlighting the importance of the personal article floaters insurance, Newell explained: “For example, a cherished heirloom or an expensive painting may not be covered under a typical homeowners’ insurance policy.

“Our personal article floaters insurance ensures that these valuable possessions are safeguarded against unforeseen events.”

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