Canadian Underwriter

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Mergers and Aqcuisitions

News BrokersInsuranceMergers and Aqcuisitions

Brokerage M&A deals heat up in Winter

December 5, 2018 by Jason Contant

Brokerage mergers and acquisitions (M&A) are ramping up in Canada, with two separate deals in Ontario and Saskatchewan announced Tuesday. In Ontario, Burrows Insurance Group Inc., located in Peterborough and Oshawa, Ont., joined BrokerLink. In Saskatchewan, Andrew Agencies Ltd. acquired

News BrokersInsuranceMergers and Aqcuisitions

Public sector expertise factors into brokerage’s merger with Aon

November 30, 2018 by Jason Contant

A Montreal-based commercial brokerage will soon join Aon Canada’s public sector practice. Aon reported Tuesday that Lemieux, Ryan and Associates will join the practice in Montreal as of Jan. 1, 2019. Lemieux, Ryan and Associates is a licensed general insurance

News BrokersInsuranceMergers and Aqcuisitions

Hub acquires two western-Canadian brokerages

November 9, 2018 by Jason Contant

Global insurance brokerage Hub International announced this week it has acquired the assets of two western-Canadian brokerages. Hub acquired on Wednesday the assets of Tri-Line Agencies Inc., a full-service, independent brokerage headquartered in Rose Valley, Sask. Tri-Line Agencies offers personal

News InsuranceMergers and Aqcuisitions

CAA Insurance parent agrees to buy Echelon Insurance

November 9, 2018 by Greg Meckbach

CAA Club Group has agreed to buy non-standard auto insurer Echelon Insurance for $175 million, the companies said Friday. The deal will allow CAA Insurance to reach new markets and customers, CAA Club Group president Jay Woo wrote in an

News InsuranceMergers and Aqcuisitions

JLT shareholders approve merger with Marsh & McLennan

November 8, 2018 by Greg Meckbach

A US$6-billion deal that could form the world’s largest commercial brokerage is one step closer to reality. Britain’s Jardine Lloyd Thompson Group plc announced Wednesday that 99.9% of its shareholders voted in favour of having JLT acquired by Marsh &

News InsuranceMergers and Aqcuisitions

Sirius closes merger agreement

November 6, 2018 by Greg Meckbach

A merger agreement involving Sirius International Insurance Group Ltd., which sells reinsurance in Canada, has closed. Bermuda-based Sirius started trading Monday on the NASDAQ. Sirius America Insurance Company sells reinsurance through a Toronto office. In Canada, the firm had net

News InsuranceMergers and Aqcuisitions

What’s next for Fairfax in the Lloyd’s market

November 2, 2018 by Greg Meckbach

Toronto-based Fairfax Financial Holdings Ltd. plans to buy the remainder of Lloyd’s insurer Brit PLC within the next couple of years, Fairfax president Paul Rivett said Friday. Toronto-based Northbridge Insurance and Stamford, Conn.-based OdysseyRe are among the insurance subsidiaries owned

News BrokersMergers and AqcuisitionsRisk

Why you might need an investment banker to help place commercial insurance

October 24, 2018 by Greg Meckbach

If your mid or large-sized commercial clients are involved in mergers and acquisitions, there are risks involved and insurance to address those risks, but it’s not like selling fire insurance. “It is not a simple case of saying, ‘Fill out

News BrokersInsuranceMergers and Aqcuisitions

National brokerage A.P. Reid Insurance steps up acquisition strategy

October 14, 2018 by Jason Contant

National brokerage A.P. Reid Insurance Limited has announced its intention to acquire Wardell Insurance Limited effective Jan. 1, 2019. Following the completion of the transaction, Wardell’s Burlington, Ont. office and A.P. Reid’s office in nearby Waterdown, Ont. will merge into

News BrokersMergers and Aqcuisitions

Rhodes & Williams expands with new merger

October 10, 2018 by Jason Contant

The Rhodes & Williams Group of Companies has merged with Caiger-Watson Insurance Brokers Ltd. The latter brokerage will operate under the name of Caiger-Watson Insurance Brokers, a division of Rhodes & Williams Limited. Clients of Caiger-Watson will continue to be

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Are commercial lines going direct?

October 7, 2018 by Jason Contant

Commercial lines may be moving more toward a direct model, a property and casualty insurance industry analyst suggested recently. “It’s interesting to see commercial lines moving toward the direct model, which we haven’t really seen,” said Philip Heywood, a partner

News InsuranceMergers and AqcuisitionsMGAs

Settling claims in-house was one reason this MGA got acquired

October 7, 2018 by Greg Meckbach

Totten Insurance Group Inc. might start offering brokers quotes within 24 hours on certain lines, the company’s president told Canadian Underwriter Friday. Totten, a Toronto-based managing general agent, recently acquired Saint John, N.B.-based MGA Anderson McTague & Associates Ltd., a