HUB launches livestock insurance program in Canada

15.10.2025 427 views

Hub International Limited (HUB) has introduced a new livestock insurance program in Canada, expanding its agribusiness portfolio with tailored coverage for farm animal risks.

The new product, HUB Livestock Insurance, is structured as a scalable program with sub-segments for equine, poultry and egg, dairy, and cattle, with more in development. Coverage spans mortality, disease, theft, property and casualty, and transit-related losses. 

HUB said many livestock operators face challenges securing adequate protection, with limited advisory expertise and coverage options that do not reflect the complexities of animal-based businesses.

"Our HUB advisors bring specialized expertise, proprietary resources and a sector-focused approach to closing coverage gaps and strengthening the long-term resilience of livestock operations," said Marc Chouinard, HUB national practice lead, Agribusiness Canada. "HUB Livestock Insurance underscores our commitment to  understanding the challenges our clients face and addressing them with innovative, forward-looking solutions."

The program was developed with Specialty Program Group Canada (SPGC), a platform for specialty insurance, underwriting, and brokerage services.

Livestock insurance remains a relatively niche but growing line in Canada’s agribusiness sector. Traditional farm policies typically bundle coverage for buildings, equipment, and liability, but animal-specific risks such as mortality, disease outbreaks, or losses in transit are often excluded or subject to restrictive limits.

In recent years, demand for more tailored livestock coverage has risen as producers contend with risks linked to animal health, climate change, supply chain interruptions and biosecurity concerns. 

While federal programs like AgriInsurance offer some production risk coverage, private insurers and brokers have increasingly sought to fill the gap with products that address livestock-specific exposures. Competitors such as Co-operators and Western Financial Group also provide farm and livestock solutions, but most offerings remain limited compared to specialized programs emerging from larger brokerages.

HUB’s move signals a broader push by global intermediaries to carve out a larger role in Canada’s agricultural insurance market, particularly as producers seek more sophisticated coverage in response to evolving risks.


Source - Insurance News

02.07.2026

India - Vijayanagara farmers await crop insurance claims

Lakhs of farmers across Vijayanagara district are staring at an uncertain future, with the Pradhan Mantri Fasal Bima Yojana (PMFBY) allegedly failing to provide compensation for crop losses suffered during the previous kharif and rabi seasons.

02.07.2026

USA - Summer Pests and Frost Impact Klamath Basin Crops

Over the last week, IREC staff have observed several pests in winter and spring grain crops.  Most wheat and barley fields at IREC have populations of cereal leaf beetle, aphids, and armyworms. 

02.07.2026

French Agricultural Sector Faces Inflation Risks Amid Severe Heatwave

France’s agricultural sector is grappling with the immediate consequences of a severe heatwave, which is causing significant damage to key crops across the country. 

02.07.2026

Greece - €24 Million in New Compensation for Farmers After 2025 Losses

The latest payments will be deposited into beneficiaries’ accounts immediately, as authorities say compensation claims for last year’s agricultural damage are being settled faster than ever before.

02.07.2026

USA - USDA Expands the Farm Safety Net, Offering Turfgrass Producers First-Ever Insurance Solution

The U.S. Department of Agriculture (USDA) is expanding American producers’ access to crop insurance, offering turfgrass producers in select states and counties a new risk management option through a pilot program, Turfgrass Value Select (TVS). 

02.07.2026

India - Wild elephants damage crops, huts in Wokha village

Human-elephant conflict continues to threaten farmers in Wokha district, with a herd of wild elephants raiding farmlands at Chanka village on two separate occasions within five days.

30.06.2026

Poland faces smaller AJC crop while Turkey prepares for recovery

Poland's apple juice concentrate (AJC) crop faces the prospect of a sharply reduced harvest in 2026 following severe frosts, while Turkey is set for a strong recovery season after near-total losses a year earlier, according to market sources cited by Mintec.

30.06.2026

Canada - Excess moisture, flooding insured perils under AgriInsurance

Excessive precipitation across northern Alberta over the past several weeks has significantly impacted seeding progress for many producers and is causing fields to flood in some areas.