What Ridge Canada Cyber Solutions does

Ridge Canada Cyber Solutions Inc. is a Canadian Managing General Agency (MGA) that underwrites and distributes specialty insurance products — Cyber Insurance, Technology Errors & Omissions (Tech E&O), and Directors & Officers (D&O) — exclusively through Canadian commercial insurance brokers. The company was co-founded by Tom Ridge, the 43rd Governor of Pennsylvania and first US Secretary of Homeland Security, alongside the late Brian Jones (a former Johnson & Higgins senior executive and founder of Jones Brown Inc., who passed away in 2023). Ridge Canada operates as a Lloyd's of London Coverholder, sourcing underwriting capacity from Lloyd's syndicates, and is a member of the Canadian Association of Managing General Agents (CAMGA). Coverage spans network security incidents, privacy breaches, ransomware, business interruption, social engineering fraud, regulatory fines, technology professional liability, and director liability exposures.

The business model is MGA intermediation: brokers submit business via online pricing indication forms, Ridge Canada underwrites and binds coverage on behalf of Lloyd's, brokers retain their agreed commissions, and Ridge Canada retains a policy fee plus MGA commission share before passing net premiums to capital providers. Pricing on cyber coverage begins at approximately $1,000 annually for $1,000,000 in limits, with rates varying by industry and risk profile. There is no direct-to-consumer channel and no proprietary technology platform exposed to brokers or end customers; underwriting is performed by a specialist team holding CIP, CRM, and FCIP credentials drawn from prior roles at Trisura Guarantee, Travelers Canada, Encon/Victor, Marsh Canada, Markel Canada, Lombard/Northbridge, and Chubb.

The company targets mid-market Canadian organizations across healthcare, legal, financial, professional services, retail, hospitality, non-profit, technology, and private-company verticals. It operates from Toronto (8 King Street East and 401 Bay Street) and Vancouver (1120 Hamilton Street), giving national Canadian coverage with Western Canada presence. The team is small (approximately 10 personnel within a stated 11-50 firmographic range), and the company is privately held with no disclosed institutional investment or parent company. Revenue, premium volume, and growth metrics are not publicly disclosed.

Name

Ridge Canada Cyber Solutions

Legal name

Ridge Canada Cyber Solutions Inc.

Website

https://ridgecanada.insure

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Ridge Canada Cyber Solutions Inc. is a Canadian Managing General Agency that underwrites and distributes Cyber, Tech E&O, and D&O specialty insurance through commercial brokers as a Lloyd's of London Coverholder.

Ownership category

akta.pro rank

Product category

Specialty Insurance

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Standalone Cyber Liability Insurance (FSAJAOAA)

akta.pro secondary industry

Network Security & Privacy Liability (Third-Party) (FSAJAOAE)

Keywords

• Specialty insurance products
• Cyber insurance coverage
• Technology errors omissions
• Directors officers liability
• Managing general agency

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premium-Based Revenue: Ridge Canada operates as a Managing General Agency (MGA) that earns revenue through insurance premiums. The company acts on behalf of capital providers (primarily Lloyd's of London) to provide, negotiate, and countersign insurance contracts. Brokers pay premiums to Ridge Canada within 30 days of binding coverage, deducting agreed commissions. Ridge Canada collects policy fees and passes premiums (minus commissions) to insurers.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Ridge Canada Cyber Solutions Inc. is a Canadian Managing General Insurance Agency (MGA) that underwrites and distributes specialty insurance products — Cyber Insurance, Technology Errors & Omissions (Tech E&O), and Directors & Officers (D&O) — exclusively through Canadian commercial insurance brokers. As a Lloyd's of London Coverholder, the company prices, binds, and services these specialty lines on behalf of Lloyd's capital providers, with premiums starting at approximately $1,000 per year for $1,000,000 in cyber coverage.

Product overview

Ridge Canada Cyber Solutions is a Canadian Managing General Insurance Agency (MGA) that provides specialty insurance products through insurance brokers. The company offers three core insurance products: Cyber Insurance (covering network security and privacy incidents), Technology Errors and Omissions Insurance (Tech E&O, covering technology companies for professional and cyber liability), and Directors and Officers Insurance (D&O, covering corporate executives and boards from lawsuit-related liabilities). These products are distributed exclusively through Canadian commercial insurance brokerages and are underwritten in partnership with Lloyd's of London.

Differentiator

Problem solved

Functional benefit

Products and services

• Cyber Insurance Specialty insurance policy designed to cover expenses and liabilities businesses may incur due to a network security or privacy incident. Coverage includes legal costs, IT experts, public relations, notification costs, and financial indemnification. Also covers loss of business income, privacy liability, network security liability, data recovery, forensic investigation, crisis management, reputational harm, network extortion, social engineering fraud, and regulatory defense and penalties. Includes access to an incident response team of lawyers, IT consultants, PR firms, and call centers. Distributed exclusively through Canadian commercial insurance brokers.
• Technology Errors and Omissions Insurance (Tech E&O) Specialty insurance product for technology companies that covers professional and cyber liability, protecting against financial loss from errors, omissions, negligence, or cyber-related matters. Includes both First-party and Third-party coverages. Designed for software companies, IT consulting firms, hardware manufacturers, web hosting providers, and cloud services. Distributed exclusively through Canadian commercial insurance brokers.
• Directors and Officers Insurance (D&O) Insurance coverage for directors and officers of a corporation, as well as the corporation itself, for liabilities arising from actual or alleged wrongful acts. Includes Employment Practices Liability and Fiduciary Liability enhancements. Targets private companies in construction, manufacturing, professional services, real estate, technology, architects & engineers, and marketing agencies. Distributed exclusively through Canadian commercial insurance brokers.

Quantifiable outcome

• $1,000,000 in cyber coverage starting at approximately $1,000/year

Segments10 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Canadian Association of Managing General Agents (CAMGA)minorStrategic or Co-development PartnerRidge Canada is a member of the Canadian Association of Managing General Agents (CAMGA), an industry association representing MGAs in Canada.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Trisura Guarantee Insurance Company: Canadian specialty insurance and surety company that, like Ridge Canada, underwrites specialty lines including D&O and cyber liability, with deep broker relationships across Canada. Multiple Ridge Canada team members (James Bennett, Mathew Alkerton) came from Trisura, making it the closest direct comparable in product and culture.
• Beazley: Global Lloyd's-based specialty insurer with a market-leading cyber and Tech E&O practice that competes head-to-head with Ridge Canada for Canadian broker placements through Lloyd's syndicate capacity. A benchmark for what a scaled specialty cyber insurer built on Lloyd's capacity looks like.
• Markel Canada: Canadian specialty insurer offering Tech E&O and other professional liability products through brokers. Cindy Manek previously ran product development for Tech E&O at Markel Canada, making it a direct competitor in the same niche.
• Northbridge Insurance (formerly Lombard Insurance): Canadian commercial property & casualty insurer offering specialty cyber and professional liability coverage through brokers. James Bennett's prior employer and a direct competitor in the Canadian mid-market for the same product lines.
• Victor Canada (formerly Encon Group): Canadian Managing General Underwriter offering specialty professional and cyber liability programs via brokers. Cindy Manek previously underwrote Tech E&O and Cyber at Encon, and Victor directly contests the same broker-submitted book.
• Travelers Canada: Operates a Canadian specialty insurance practice offering Cyber, Tech E&O, and D&O with comparable underwriting talent (Ridge Canada's Cindy Manek and Mathew Alkerton both came from Travelers Canada). Directly competes for the same broker-submitted business in the same verticals.

Emerging players

• At-Bay: Tech-enabled cyber insurance MGA offering both cyber and Tech E&O coverage with active monitoring of insured environments. Provides a useful benchmark for how the cyber MGA category is being reinvented with technology and where traditional MGAs like Ridge Canada may need to invest.
• Coalition: US-based tech-enabled cyber insurance MGA that uses continuous security scanning and proprietary risk scoring to underwrite cyber policies. Increasingly active in Canada and represents the strategic threat to traditional MGAs by bundling technology with the policy.
• Resilience Cyber Insurance Solutions: Cyber-focused insurance provider combining underwriting with risk engineering and security expertise, similar in scope ambition to Ridge Canada but with a US footprint and tech-enabled risk assessment. Represents the evolving cyber MGA archetype.

Broad incumbents

• Chubb Limited: Global insurance carrier with a broad Cyber Enterprise Risk Management practice and a Professional Liability team (Lauren Hawkins' prior employer). Competes with Ridge Canada for larger cyber and Tech E&O accounts via Canadian broker channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ridge-canada-cyber-solutions-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 Ridge Canada Cyber Solutions