Canadian Managing General Agencies (MGAs)

There are numerous MGAs (Managing General Agencies or Agents) that are currently active in Canada. Some operate in the Life and Living Benefits space, others – in the P&C (Property and Casualty) Space (e.g. Home, Auto, Commercial or Specialty Insurance). Below you will find a list of the largest MGAs with additional information. Life Insurance and Living Benefits space is typically divided into Individual and Group Insurance whereas P&C space is often broken down into Personal and Commercial P&C insurance.

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    Hub Financial
    Life & Living benefitsOne of the largest North American MGAs with extensive presence both in the United States and Canada supporting an extensive network of insurance brokerages, independent brokers and financial advisors offering both Life Insurance and Living Benefits solutions.

    Financial Horizons Group
    Life & Living benefitsFounded in 1990, Financial Horizons currently supports over 6,500 independent advisors and has over 30 offices with 350+ employees. In 2017, Great-West Life acquired Financial Horizons Group Inc.

    PPI Management
    Life & Living benefitsPPI Management was established in 1978 and has two managing general agencies: one in Toronto (PPI Advisory) and one in Calgary (PPI Solutions Inc). In 2018, Industrial Alliance acquired PPI Management Inc.

    Life & Living benefitsIn 2023, Desjardins Group acquired IDC Worldsource Insurance Network Inc. (IDC WIN), Canada’s leading life and health insurance managing general agency plan.

    Gryphin Advantage
    Life & Living benefitsFounded in 1998, The Gryphin Advantage enables insurance independent advisors to provide a breadth of insurance and wealth solutions to Individuals, families, and businesses.

    Experior Financial
    Life & Living benefitsExperior Financial Group was founded in 2014 and has its headquarters in Guelph, Ontario. It mostly focuses on Individual clients offering them Life Insurance, Living Benefits, and P&C insurance solutions.

    Qualified Financial Services
    Life & Living benefitsQualified Financial Services (QFS) was established in 1997 and is one of the largest Canada’s independently owned MGAs with 1,000+ financial advisors and 8 offices across Canada.

    Truestone Financial
    Life & Living benefitsTruestone Financial was created by Empire Life Insurance company in 2022 operating as a member of BridgeForce Financial Group.

    MSA Financial
    Life & Living benefitsMSA Financial was founded in 1978 and is licensed in Alberta, British Columbia, Manitoba, Ontario, and Quebec (La Financière MSA).

    OM Financial
    Life & Living benefitsOM Financial was founded over 50 years ago and distributes both personal and business financial/insurance products across AB, BC, MB, ON, NB, and SK.

    Customplan Financial Advisors
    Life & Living benefitsCustomplan Financial Advisors was founded in 1978 and has 300+ advisors across AB, BC, SK, ON, and NL. It was acquired in 2013 by PEAK Financial Group.

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