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Our Story

The Sovereign General Insurance Company is a trusted source of risk solutions for Canadian businesses. Operating in six offices across Canada, we offer customized risk solutions on a local or national level to meet your protection needs.


The Sovereign difference

There’s an ease of doing business with Sovereign because we believe in empowering our underwriting and claims teams to make decisions. We’re renown in the industry for supporting a culture where talented people thrive – and serve you better as a result.

Our approach

Our talented insurance professionals follow a nimble approach that draws on the right knowledge, expertise and creative thinking from across our organization. The result? You receive a comprehensive, tailored risk solution that was developed with an open mind.

Financial strength

• Canadian owned and operated since 1953
• AM Best A- (Excellent) rating
• Member of The Co-operators Group of Companies with $14.5 billion in assets

Community impact

If strengthening communities and giving back is important to you, then we have something powerful in common. Sovereign works with our clients in mind and Canadian communities at heart. We’re committed to sustainability and have invested more than $2.4 million as a proud partner of the Children’s Wish Foundation since 2005.

History – key milestones

1953 - Merit Insurance Company, a Montreal-based subsidiary of Industrial Acceptance Corporation (IAC), was established in May of 1953. At the time, Merit Insurance focused primarily on personal lines of insurance.

1960’s - By the end of the 1960’s, Merit Insurance had grown to employ almost one hundred staff with branch offices in several cities across Canada.

1969 - Merit Insurance moved its operations to Toronto, where another of its IAC subsidiaries, The Sovereign Life Insurance Company was housed..

1974 - The two companies merged, with Merit Insurance becoming The Sovereign General Insurance Company.

1970’s - a dynamic entrepreneur from Calgary purchased The Sovereign General from IAC and in 1979 its operations were moved to Calgary.

1984 - The Sovereign changed its strategic direction, and began to emphasize commercial lines of insurance, distributing its products solely through independent brokers across Canada.

1987 - In April, Sovereign was acquired by The Co-operators, becoming a member of the co-operatively-owned group of insurance and financial services companies.

Today -  Sovereign has over 270 staff operating in six offices across Canada. Sovereign provides customized risk solutions to meet the specialized and complex insurance needs of Canadian businesses.