I cannot make a statement as to the soundness or performance of Northernreef as I have not dealt with them personally. The Canadian links are as stated only Warnings from the Canadian government
that there have been complaints registered with the government
about the firm and that the firm is attempting to do business with Canadian citizens. Whether the firm is required to be licensed in Canada or not is not contained in the Warning. This sounds very similar to the USA Chamber of Commerce system where complaints are registered about businesses and it is used only as an advice to be careful or wary of dealing with the company.
- - The SSCA link: http://www.ssca.org/phpBB3/viewtopic.php?f=7&t=4821
is a thread of actual or perceived problems with Northernreef by people who have made claims and their experiences. If you never need to make a claim and only need "insurance" for "other purposes" then their performance is moot and their prices are what count.
- - I have have personal experience with insurance carriers inside the USA who deal with commercial
liability (e.g. rental of watersports equipment
and/or provide services) who are very reasonably priced and satisfy the local legal requirements to have "insurance". But these companies never pay a claim and use all the legal tactics available to delay and prevent ever having to pay a legitimate claim.