Canadian Underwriter

Keyword
mergers and acquisitions

News Commercial LinesEarnings / RatingsInsuranceMarkets / CoveragesMergers and Acquisitions

MGA market growth beats industry, but weakens with softening rates: Conning

July 13, 2017 by Canadian Underwriter

Growth in the managing general agent (MGA) market last year exceeded that of the total property and casualty market by 32%, according to a new study from global investment management firm Conning. “In 2016, comparable firms in Conning’s MGA database

News InsuranceMarkets / CoveragesMergers and Acquisitions

Global acquirers underperformed in the second quarter: Willis Towers Watson

June 23, 2017 by Canadian Underwriter

The global mergers and acquisitions (M&A) market underperformed in the second quarter of 2017, as Europe M&A bucked the trend and market volatility and economic uncertainty depressed performance in North America and Asia, according to Willis Towers Watson’s (WTW) latest

News CatastrophesCommercial LinesInsuranceMergers and AcquisitionsTechnology

Use of captives for cyber liability programs increases 20% in 2016: Marsh report

June 7, 2017 by Canadian Underwriter

The number of owners using captives for cyber liability programs – up almost 20% last year – represented the fastest growing non-traditional risk in captives managed by Marsh Captive Solutions, the company notes in a new report this week. Fuelled

News InsuranceMarkets / CoveragesMergers and Acquisitions

Boyd Group Income Fund to acquire collision repair company Assured Automotive for $193.6 million

May 30, 2017 by Canadian Underwriter

Boyd Group Income Fund (BGIF) is looking to cement the Boyd Group’s position as a leading provider of collision repair services in Canada with the announcement it has entered into a definitive agreement to acquire the assets and business of

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and AcquisitionsReinsurance

Soft pricing in global reinsurance market to continue for at least the rest of 2017: Fitch

May 16, 2017 by Canadian Underwriter

The soft pricing in the global reinsurance market will continue for at least the rest of 2017, ratings firm Fitch Ratings said in a report released Monday. “We expect premium rates to continue declining, due to large volumes of under-deployed

News Commercial LinesInsuranceMergers and AcquisitionsPersonal Lines

US$33 billion in 2016 global insurance M&A marks retreat from prior-year levels: Conning

May 15, 2017 by Canadian Underwriter

Global insurance mergers and acquisitions (M&A) activity slowed across all sectors in 2016, according to a new study from global investment management firm Conning. The Conning study, 2017: Global Insurer Mergers & Acquisitions in 2016 – Activity Slows, but Pressures

News InsuranceMergers and Acquisitions

M&A insurance claims rising, 23% of deals over US$1 billion end in a claim: AIG study

April 20, 2017 by Canadian Underwriter

The frequency of insurance claims related to mergers and acquisitions (M&A) is rising as large deals prove risky and the average payout on the most severe category of claims tops US$20 million, according to a new global study from American

News InsuranceMergers and Acquisitions

Insurance-related M&A activity explodes, insurance company moves in Canada high: OPTIS Partners

April 13, 2017 by Canadian Underwriter

OPTIS Partners has likened recent mergers and acquisitions (M&A) activity among U.S. and Canadian agencies selling p&c insurance and employee benefits to an explosion, with the 178 reported transactions in 2017 Q1 dwarfing the 115 deals in the prior-year quarter.

News Insurance

Market conditions continue to support high levels of insurance distribution and services M&A activity going forward: Conning

April 3, 2017 by Canadian Underwriter

While the mergers and acquisitions (M&A) market for insurance distribution and services “cooled slightly” in 2016 from the prior year, market conditions continue to support high levels of M&A activity going forward, according to a new study from Hartford, Conn.-based

News Earnings / RatingsInsuranceReinsuranceTechnology

84% of polled insurance companies planning to make acquisitions in 2017: KPMG International

March 17, 2017 by Canadian Underwriter

The lion’s share of insurance companies taking part in a KPMG International-commissioned survey plan to make acquisitions in 2017, with most respondents saying their companies are being driven by need to transform business and operating models. The insurance sector looks

News Commercial LinesInsurancePersonal LinesTechnology

Global market for autonomous, assistive safety and comfort vehicle features up to US$26 billion annually by 2025: Bain & Company

March 7, 2017 by Canadian Underwriter

Autonomous vehicles are revving up, with Bain & Company Inc. forecasting annual growth of 12% to 14% for the global market of autonomous and assistive safety and comfort features by 2025. That translates to a global B2B market of US$22

News InsuranceMarkets / Coverages

CFC Underwriting increases limits across transaction liability product suite to up to US$50 million in North America

March 2, 2017 by Canadian Underwriter

London, United Kingdom-based specialist lines underwriting agency, CFC Underwriting, announced on Thursday that it has increased the available limits of its transaction liability insurance product suite across all territories. CFC now has the capacity to offer limits up to US$50