Newline Group establishes new service company in Canada

Specialty group will offer D&O, professional indemnity, commercial crime and bankers blanket bond policies

Specialty insurance group Newline Group is entering the Canadian market as Newline Canada Insurance Ltd.

“Canada represents an important market for Newline […] as we work to tailor products to meet clients’ needs whilst providing local service,” Carl Overy, CEO of Newline Group, said in a news release.

Related: AEGIS London appoints new claims manager for Canadian coverholders

Newline Canada will initially offer D&O, professional indemnity, commercial crime and bankers blanket bond policies to small- and mid-size clients.

The new company, based in Toronto, will operate as a coverholder for Newline Syndicate 1218 at Lloyd’s.

Newline operates in 80 countries, underwriting international casualty and cargo business.

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Transcontinental Media G.P.