RIBO Disclosure Letter

McCAM Insurance Brokers Limited

Dear Customer, 

Welcome to the McCAM Insurance, and thank you for choosing us for your insurance needs. Our only business is insurance.  We know you have a choice, thank you for choosing us.  

McCAM Insurance was started in 1913.  We are one of the oldest insurance brokerages in Canada.  We are also one of the origininating members the Insurance Brokers Association of Ontario.  We joined Canada Broker Network in 2020.  

We are a full service brokerage offering general insurance for houses, cars, businesses and institutions.  We specialize in entertainment insurance as well through our Marquee program.

As an insurance broker; we serve as an intermediary between you and the insurance companies which we represent. We help to place your insurance with an insurer that is reliable, best suits your needs and provides a competitive price. In addition to solving problems which may arise and providing you with professional insurance advice, we are dedicated to obtaining fair treatment for you in the event of a claim.

In return for these services, we are paid a commission by the insurance company based on your premiums. These commissions vary from company to company and also on the type of policy that is being written. The list below shows the companies that we represent and the range of commission we earn when placing your insurance policy with them.

Insurance Company Commission Range Commission Range Commission Range
Automobile Property Commercial
*Aviva Insurance Co. 7 – 17.5 % 15 – 24% 7 – 20%
*Intact Insurance Co.  10 – 12.5% 20% 10 – 20%
*The Economical Insurance Group of Companies 7.5 – 12.5% 20% 7.5 – 25%
*Travelers Insurance Co. 7.5 – 12.5% 20% 7.5 – 25%
*Heartland Mutual 10 – 12.5% 21% 10 – 21%
*Royal & Sun Alliance 7.5 – 12.5% 20% 7.5 – 20%
*Western Assurance 10 – 15% 20 – 22% n/a
*Facility Ins. Co. (Royal) 7.5 – 11% n/a 6 – 10%
*Gore Mutual Ins. Co. 7.5 – 12.5% 20% 7.5 – 25%
*Cubb Insurance Co. 12.5% 17.5 – 20% 12.5 – 20%
*Jevco Insurance Co. 12.5% 17.5 – 20% 12.5 – 20%
*Chubb Insurance Co. 12.5% 17.5 – 20% 12.5 – 20%
*SGI/Coachman Insurance 10 – 12.5 % 20% n/a
Trisura Guarantee Ins. Co. n/a n/a 20 – 27%

These commissions are paid annually for both new business and renewals. In addition to the commission we receive for placing insurance with these companies, we may also receive a “Contingent Commission”. Those companies marked with an asterisk (*) may pay us a contingent commission. This is payable on a book of business that is placed with an insurance company if this book is profitable for the insurance company. This contingent commission is not guaranteed and cannot be predicted in advance. Over the past five years, we have averaged less than 3% per year in Contingent Commission.

On occasion we have the need to place coverage with Wholesale Insurance Brokerages, who have access to products and insurance companies that we do not represent.   Upon request we can provide you with the commission we receive from these companies.

We want you to know that we are fiercely independent, proudly Canadian, and are financial stabile.   


Rorie McIntosh