INSURANCEAPPROVED

Town of Newmarket Council Minutes 2026-04-20

Newmarket backs Axxima deal for insurance pool admin

Town of NewmarketAXXIMA INSURANCE SERVICES a DIVISION OF 3303128 CANADA INC & AXXIMA INC (COLLECTIVELY “AXXIMA”)April 20, 2026

Trusted by teams at

Description

The Town of Newmarket approved participation in York Region’s municipal insurance pool, including financial contributions through Town levies to a two-year service agreement with Axxima Insurance Services for pool administration. The Treasurer and Deputy Treasurer received delegated authority to approve future contributions if the agreement with Axxima is extended.

Contract Details

Vendor

AXXIMA INSURANCE SERVICES a DIVISION OF 3303128 CANADA INC & AXXIMA INC (COLLECTIVELY “AXXIMA”)

Agency

Town of Newmarket, Canada

Contract Type

INSURANCE

Document Date

April 20, 2026

Contract Term

Two-year term for Insurance Pool Administrator services, with potential extensions aligned to the Insurance Pool Program term (initial 5 years with two optional 5-year renewals)

Renewal Info

Initial two-year direct purchase service agreement for Insurance Pool Administrator services, with authority granted to extend financial contributions via Town levies should York Region extend the Subscriber’s Agreement with Axxima in line with the insurance pool’s 5-year term and two optional 5-year renewals.

More from AXXIMA INSURANCE SERVICES a DIVISION OF 3303128 CANADA INC & AXXIMA INC (COLLECTIVELY “AXXIMA”)