MD MARINE ACQUIRES MGL BOAT INSURANCE: QUEBEC

MGL Boating Insurance

 

Feb 4, 2016

MD Marine Insurance is pleased to announce the acquisition of the MGL Boat Insurance book. According to MD Marine Executive Vice President Sylvain Tisi ‘We have been considering our options for expanding the MD Marine brand into Quebec for some time and the MGL acquisition fits perfectly into our plans. Not only does this give us an opportunity to expand the MD Marine brand locally we will now also be able to service Quebec clients who choose to buy their new boats from Ontario dealers.’

The purchase puts MD Marine Insurance immediately into a leading market share position against competitive marine brokers. The MGL book has a perfect cross section of all styles and sizes of boats from fishing to pontoons, PWC, runabouts and mid to large size cruisers.

 As part of the deal Mario Larosee, who created the MGL model and business becomes a part of the MD Marine Sales Team. This is a terrific opportunity for Mario to join a team that is focused purely on servicing the needs of recreational boaters.

www.mdmarine.ca

877-627-4633

 

Related Posts

Recreational Marine Industry Applauds Removal of the Luxury Tax on Boats in Budget 2025

NMMA Canada

OTTAWA (November 4, 2025)—Canada’s boating industry applauds Budget 2025’s commitment to remove the devastating luxury tax on boats, a failed tax policy that unfairly punished Canadian manufacturers and workers. When the luxury tax was first implemented in September 2022, Canada’s marine industry leaders were quick to point out the impending losses of middle-class jobs, government tax revenues and sales declines.

Read More

Changing Scene

Need to Catch up on News This Week?

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you’re looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here.

Just Launched

Introducing the All-New Axopar 38 

Axopar pioneers once again to set new standards, with the Axopar 38 range marking a new era in adventure boating. The first model of the range debuted at Boot Düsseldorf 2026 with the world premiere of the Axopar 38 XC Cross Cabin, to be followed by the Axopar 38 Sun Top and Cross Top launching later this year.

Read More

Simrad Marine Electronics Debuts New NSO® 4

As Simrad Marine Electronics marks its 80th anniversary, the brand celebrates eight decades of innovation with the launch of NSO® 4 – the next chapter in marine navigation. Built on the revolutionary NEON™ operating system (OS) and designed to be the world’s most intuitive chartplotter, NSO 4 is the latest premium chartplotter and fishfinder in the Simrad® portfolio, delivering an unmatched combination of effortless control, lightning-fast performance, and sleek design, setting a new standard for offshore navigation.

Read More

People