Hunter McCorquodale

What Hunter McCorquodale does

Hunter McCorquodale is a Canadian specialty insurance Managing General Agent (MGA) that develops, distributes, and underwrites hard-to-place life, disability, and personal accident insurance products for clients who cannot obtain coverage through traditional insurance markets. Founded in 1997 by Ken Hunter (FSA, 40+ years industry experience) and Stephen McCorquodale, the firm has operated as an approved Lloyd's of London coverholder since 2003, giving it significant underwriting authority and access to capacity at very high coverage limits (e.g., up to $156,000/month income replacement, $50 million lump sum key person disability, $25 million Kidnap & Ransom limits). The company is headquartered in Toronto with a team of 8 staff spanning sales, administration, compliance, underwriting, and client service functions, and operates as a subsidiary of Arthur J. Gallagher Canada Limited within the publicly traded Arthur J. Gallagher & Co. group.

The product portfolio comprises seven specialty lines: Lloyd's DI (individual high-limit disability), Lloyd's GID (guaranteed issue multi-life disability), Career Transition DI (for terminated executives), Pilot Loss of Licence, Personal Accident AD&D, Contingent Contract Protection, and Kidnap & Ransom. Distribution is exclusively B2B2B through licensed insurance advisors, benefit consultants, MGAs, and selected national account distributors across Canada, with end clients including professionals with high coverage limits, individuals with complex medical or residency profiles, professional pilots, corporations with international exposure, and businesses with contractual financial obligations. Pricing is quote-based and risk-specific, with minimum annual premiums ranging from $850 to $1,500 across product lines, and policies issued in both CAD and USD.

The firm generates revenue through insurance premiums on specialty risk coverage, with no direct-to-consumer channel and no disclosed financial metrics. Its competitive position rests on Lloyd's underwriting authority, 27+ years of accumulated specialty underwriting expertise, and a curated intermediary distribution network, supplemented by a strategic partnership with Constellis for crisis response services on K&R policies. The business operates within the broader Gallagher brokerage platform, which provides implicit financial backing and distribution leverage.

Name

Hunter McCorquodale

Legal name

Hunter McCorquodale

Website

https://hunmcc.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Short description

Hunter McCorquodale is a Canadian specialty insurance MGA and Lloyd's of London coverholder that underwrites hard-to-place life, disability, and personal accident products for clients declined by traditional markets, distributing exclusively through licensed intermediaries across Canada.

Ownership category

akta.pro rank

Product category

Specialty Insurance Underwriting (MGA)

NAICS

Insurance Carriers (5241), Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Other Direct Insurance (except Life, Health, and Medical) Carriers (524128)

SIC

Accident & Health Insurance (6321), Insurance Agents, Brokers & Service (6411), Insurance Carriers, Nec (6399), Life Insurance (6311)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Specialty insurance underwriting
• Disability insurance products
• Personal accident coverage
• Lloyd's coverholder services
• Contingency insurance solutions

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Insurance Premiums: Hunter McCorquodale earns revenue through insurance premiums paid by policyholders for specialty risk coverage including disability insurance, personal accident, and contingency insurance products. Premiums are determined based on specific risk profile of each case and minimum premium requirements apply.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Hunter McCorquodale develops, distributes, and underwrites specialty insurance products including disability income insurance, personal accident, and contingency coverage at high limits that traditional Canadian insurers cannot provide. Operating as an approved Lloyd's coverholder since 2003, the firm serves licensed insurance advisors, benefit consultants, and national account distributors who submit applications on behalf of clients with complex or hard-to-insure risk profiles. Coverage is available in CAD and USD and includes buy-sell, key person, business overhead expense, AD&D, pilot loss of licence, and kidnap & ransom solutions.

Product overview

Hunter McCorquodale is a specialty insurance managing general agent (MGA) offering a portfolio of hard-to-place insurance products primarily through Lloyd's of London. The product suite centers on disability insurance products (Lloyd's DI, Lloyd's GID, Career Transition DI) and personal accident/contingency coverage (Personal Accident AD&D, Contingent Contract Protection, Kidnap & Ransom, Pilot Loss of Licence). All products are distributed exclusively through licensed insurance advisors and brokers across Canada, with significant underwriting authority through Lloyd's as a coverholder since 2003.

Differentiator

Problem solved

Functional benefit

Products and services

• Lloyd's DI (Disability Insurance) Individual disability insurance for professionals providing high-limit income replacement, buy/sell, key person, or business overhead expense coverage. Coverage available despite older ages, foreign travel/residency, medical history, or lifestyle history.
• Lloyd's GID (Guaranteed Standard Issue Disability) Guaranteed Issue Disability insurance for multi-life professional groups, providing income replacement solutions with higher monthly benefits than typical GID providers.
• Career Transition DI Disability insurance designed for executives and white-collar employees who have lost group LTD coverage due to outplacement and are entitled to severance payments, providing monthly benefits for 24 months for temporary total disability followed by optional lump sum for permanent total disability.
• Pilot Loss of Licence Disability insurance protecting professional pilots from temporary or permanent loss of medical certification to fly, covering individual or group basis for commercial pilots, helicopter pilots, charter operators, and other aviation professionals.
• Personal Accident (AD&D) Specialty accident insurance for individuals and groups, providing accidental death and dismemberment coverage as an alternative or supplement to life insurance, including coverage for high-risk avocations, war and terrorism, and piloting.
• Contingent Contract Protection Contingency insurance from Lloyd's that reimburses policy owners for contractual financial obligations triggered by death, disappearance, or permanent coma of the insured person, ideal for funding buy-sell agreements, loan collateral, and divorce contracts.
• Kidnap & Ransom Special contingency insurance covering kidnapping, ransom, extortion, illegal detention, hijacking, hostage crisis, mysterious disappearance, express kidnapping, and child abduction for corporations, individuals, and families with international travel exposure.

Quantifiable outcome

• Income replacement policies up to $156,000/month, key person disability of $500,000/month and $50 million lump sum, business overhead of $125,000/month, and buy/sell of $16.5 million
• +2 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Certain Underwriters at Lloyd'scoreStrategic or Co-development Partner · 1 January 1688Lloyd's is the world's leading specialist insurance market established in 1688. Hunter McCorquodale has been an approved Lloyd's coverholder since 2003, providing significant underwriting authority through leading Lloyd's syndicates. This partnership enables the company to offer specialty insurance products at very high coverage limits with flexible terms that domestic insurers cannot provide. Lloyd's is rated A (Excellent) by A.M. Best, A+ (Strong) by Standard & Poor's and AA- (Very Strong) by Fitch Ratings.
• ConstelliscoreStrategic or Co-development PartnerConstellis is the leading provider of risk management and operational support services to government and commercial clients worldwide. Through the Lloyd's Kidnap & Ransom policy, policyholders receive priority access to Constellis crisis response team. The crisis team provides expertise in managing kidnapping, extortion, hostage situations and other covered events, with the primary goal of ensuring safe return of victims while managing crisis duration and mitigating financial loss.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• RPS (Risk Placement Services): US-based specialty insurance distributor and MGA placing hard-to-place risks with specialty and excess/surplus carriers. Operates through delegated authority arrangements structurally similar to Lloyd's coverholder status.
• Burns & Wilcox: North American specialty insurance brokerage and MGA distributing hard-to-place risks including personal accident and disability. Operates through licensed intermediaries with delegated underwriting authority, structurally analogous to Hunter McCorquodale.
• Premier Group of Companies: Canadian specialty insurance MGA offering hard-to-place coverage through delegated underwriting authority, similar to Hunter McCorquodale's Lloyd's coverholder model. Both target risks traditional Canadian markets decline.
• Cansure (Cansumer Inc.): Canadian specialty MGA providing hard-to-place commercial and personal lines through delegated authority. Targets brokers with risks traditional markets decline — a closely comparable distribution and underwriting model.
• Trisura International Insurance Ltd. Canadian specialty insurer and MGA underwriting surety, warranty, and specialty insurance through delegated authority arrangements. Operates as a specialty MGA in Canada with a similar niche underwriting approach to Hunter McCorquodale.
• Echelon Insurance: Canadian specialty P&C insurer providing niche and non-standard coverage through broker distribution. Comparable in serving hard-to-place risks with a specialty focus in the Canadian market.

Broad incumbents

• Intact Financial Corporation: Canada's largest P&C insurer with specialty lines and broker distribution. Operates broadly in the Canadian market but does not specialize in the hard-to-place disability and personal accident niche that Hunter McCorquodale serves.
• Berkley Group (W. R. Berkley): US specialty insurer with delegated authority and excess/surplus operations that accept hard-to-place risks including accident and specialty coverages. Operates a portfolio of specialty MGAs similar in structure to Hunter McCorquodale, though at materially greater scale.
• Unum Group: Large US-based disability and life insurer offering group and individual disability income insurance. A broad incumbent in the same specialty disability class that Hunter McCorquodale addresses, but at vastly greater scale and without the Lloyd's high-limit niche focus.
• Lloyd's of London: The specialty insurance market that grants Hunter McCorquodale its underwriting authority as a coverholder. As the capacity provider and market of record for all HMCC policies, Lloyd's is the foundational counterparty and a natural benchmark for the firm's business model.

Market position

Competitive moat4 records

Key highlights7 records

Customer concentration

• Xx.com/hm_insurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hunter McCorquodale