To our customers:

As an independent insurance broker, we purchase insurance products and services on your behalf that are affordable, and understandable.

MyGroup Auto and Home Insurance is a registered trademark of MyGroup Insurance Broker Limited, an insurance brokerage headquartered in Dartmouth, Nova Scotia and licensed in NL, NB, PE, NS, ON, MB, SK, AB, BC, NU, and NWT.  MyGroup Insurance Broker Limited is owned by Storm Insurance Holdings Inc.
The Storm Insurance Group is a trademark of Storm Insurance Holdings Inc. and Storm 2 Insurance Holdings Inc.  Through common ownership the Storm Insurance Group is made up of several insurance operations in Canada.  Storm Insurance Holdings Inc., is owned by Jamie Reid Family Trust (2010), the employee group. Storm Insurance Holdings Inc. exclusively owns and operates A.P. Reid Insurance Limited, ZipSure Insurance Brokers Limited, MyGroup Insurance Broker Limited, Underwriting Contract Administrators (2014) Inc., and Sheppard Insurance Service Inc.  Storm 2 Insurance Holdings Inc. is owned by Jamie Reid and the employee group.  Storm 2 Insurance Holdings Inc. owns and operates Axxium Assurance Inc.  Additional related companies owned directly by Jamie Reid include ZipSure Insurance Brokers Inc. and ZipSure Technologies Inc.  Former licensed brokerages which have been acquired and/or wound up by the Storm Insurance Group and may or may not continue to maintain licenses or registrations in their respective provinces include Wardell Insurance Limited, Robinson Insurance Brokers Ltd., Robert C. Davis Insurance Limited, A.P. Reid Insurance (Ontario) Limited. 

Statement on Services Provided
Our role is to provide you with the best insurance value that combines coverage, service and price.  We also provide personalized, quality service that includes professional insurance advice, ongoing policy maintenance and claims support.  When any issue arises regarding your insurance coverage, we are your advocate, using our professional experience to best represent your individual interest

How we get Paid for our Services

Insurance Company or Intermediary Personal Auto and Umbrella Personal Property Commercial Auto and Surety Commercial Property
 *Aviva Insurance Company  9 – 12.5%  12.5 – 20%  10 – 12.5%  15 – 20%
 *Economical Mutual Insurance Company  10 – 12.5%  17.5 – 20%  10 – 12.5%  20%
 *Intact Insurance Company  10  – 12.5%  15 – 20%  10 – 12.5%  20%
 *Portage LaPrairie Mutual Insurance Company  10 – 12.5%  15%  10 – 12.5%  20%
 *Perth  10 – 12.5%  15%  n/a  n/a
 *RSA, Facility  10 – 12.5%  20%  6 – 12.5%  15 – 20%
 Agile Underwriting Solutions  n/a  15%  n/a  15 – 20%
 *Wawanesa Mutual Insurance Company  10 – 12.5%  20%  10 – 12.5%  20%

Sales Incentives
From time to time we will be offered a sales incentive by our insurance companies to encourage us to grow our portfolio with them. These incentives may include:

  • An overall sales bonus to the brokerage based on our growth with this carrier. These bonuses can range from .5% to 1% of the amount of growth.
  • Incentives or rewards to our staff provided directly by the insurer, such as a nominal gift card.
  • Inclusion of our brokerage in a planning council or other strategic event where we are given the opportunity to provide our insight and feedback directly to the insurer senior executive

Contingent (Profit) Commission
In order for us to maintain strong relationships with quality insurers, we work with each to provide the type of business they desire.  The insurers with an asterisk (*) noted above recognize our efforts through a Contingent Commission contract.  Payment of this Contingent Commission depends on a combination of growth, profitability (loss ratio), volume, retention and increased services that we provide on behalf of the Insurer.  Contingent Commission is not guaranteed.  For detailed information on Contingent Commission, please go to the individual company’s website.

Brokerage compensation is part of your insurance premium.  MyGroup is paid a commission or fee for our services to you. Fees are paid to MyGroup by clients, in lieu of commission.

Should there be an increase in the commission schedule we receive from your insurer, or any other material change that affects compensation arrangements, we will notify you.

Your insurer will provide you with a Consumer Code of Rights and Responsibilities brochure which will be included with your new policy.

If you have any questions, please contact us.