PLATFORM Insurance expands national team, launches Energy Industry Group

📊 Insurance News Analysis: Our editorial team has analyzed recent developments from insurancebusinessmag.com in the Insurance sector. This report covers key insights related to car insurance, life insurance, health insurance and emerging industry trends that professionals should monitor closely.

Latest findings in the Insurance field suggest important shifts ahead. By Josh Recamara
PLATFORM Insurance Management has added 27 senior risk advisors across Canada as part of a national expansion aimed at strengthening its capabilities in complex commercial and industrial sectors. 
The privately held brokerage has also launched a new Energy Industry Group to address the evolving insurance and risk management needs of the country’s energy market. 
The new team members — joining offices in Calgary, Montreal and Toronto — bring experience spanning property, casualty, and specialty insurance lines. Many of them will form the foundation of the Energy Industry Group, while others will support PLATFORM’s Diversified Industries, Broking Solutions, and Strategic Risk Solutions units. Evidence suggests that the brokerage said the new energy-focused division is designed to serve clients across oil and gas, power generation, and renewable energy, as well as emerging projects tied to Canada’s energy transition.

The group will provide risk advisory, alternative risk financing and insurance placement services tailored to energy producers, utilities and infrastructure operators. Chief executive officer Charles Quenneville noted that the expansion aligns with the firm’s strategy of building an industry-led brokerage with strong technical expertise across key economic sectors. He added that the company is structuring its teams around areas of client investment and market growth, particularly in energy, where risks are becoming more complex and capital requirements are evolving. According to reports that the launch of the Energy Industry Group comes amid constrained insurance capacity in the sector, with underwriters continuing to scrutinize large property and liability exposures tied to natural resources and renewables.

Data shows that while some competition has returned for well-performing energy accounts, brokers across the market report that premium pressure remains steady. PLATFORM’s Strategic Risk Solutions division, which covers capitves, analytics, engineering and consulting, will collaborate with the new team to provide clients with technical and financial risk insights, while its Broking Solutions unit will focus on placement and claims support. The appointments reflect a broader trend among Canadian intermediaries investing in specialized industry groups to address sector-specific exposures. Demand for energy risk expertise has grown in recent years, driven by new federal decarbonization targets and rising investment in renewable infrastructure.

PLATFORM’s move follows a similar path taken by other national and global intermediaries such as Aon, Gallagher, and NFP, which have also expanded their energy and infrastructure divisions to meet growing client demand. The increasing complexity of energy risks, particularly around renewables, liability, and project financing, has pushed many brokerages to build deeper technical capacity and local market expertise. Founded as a national, privately owned brokerage, PLATFORM provides insurance, surety and benefit solutions for commercial clients across Canada.

Experts suggest this represents a significant moment for the Insurance sector, with implications extending beyond immediate stakeholders.

— Based on reporting from insurancebusinessmag.com

💡 Key Industry Insights

Risk assessment methodologies are evolving with the integration of data analytics and AI technologies.

Specifically regarding auto insurance, market observers note continuing evolution in service delivery, pricing models, and customer engagement strategies that merit close attention from industry stakeholders.

Market Impact: These developments in car insurance may significantly influence market dynamics. Industry experts recommend monitoring these trends closely for strategic planning purposes.

Analysis Note: This comprehensive overview synthesizes current market intelligence from insurancebusinessmag.com regarding life insurance and related sectors. Stay informed about ongoing developments in this rapidly evolving landscape.