Canadian Underwriter

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Mergers and Aqcuisitions

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

News InsuranceMergers and AqcuisitionsTechnology

How “differentiated” technology will change M&A valuations

October 3, 2018 by Jason Contant

Buyers are increasingly targeting “differentiated” technology in merger and acquisition (M&A) deals, knowing they are going to be judged on the potential of what they can achieve with the technology they are purchasing. The value of an acquisition will increasingly

News BrokersMergers and Aqcuisitions

The Co-operators acquires personal and commercial lines brokerage in Quebec

October 3, 2018 by Jason Contant

The Co-operators has acquired Robert Poirier & Associés, Courtier d’assurance inc. (Assurance Robert Poirier), a personal and commercial lines brokerage in Gatineau, Que. Guelph, Ont.-based The Co-operators has seen steady growth in Quebec over the past several years, and acquiring

News Mergers and AqcuisitionsRiskTechnology

Managing your client’s M&A risk with A.I.

October 1, 2018 by Greg Meckbach

Mergers and acquisitions come with risks for buyers, and one law firm uses machine learning to help clients manage at least some of those risks. One risk to a buyer is when the target company has liabilities – such as

News AnnouncementsMergers and Aqcuisitions

Kingsway Financial to leave Canada

September 28, 2018 by Greg Meckbach

Kingsway Financial Services Inc., which used to own Jevco and York Fire and Casualty, plans to relocate to the United States. Toronto-based Kingsway no longer writes property and casualty insurance in Canada, but it still has a Toronto head office

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Will higher interest rates kick-start M&A?

September 26, 2018 by Jason Contant

What impact do rising interest rates have on P&C companies conducting mergers and acquisitions? We’re about to find out, as the Bank of Canada is widely expected to raise the interest rate target at an Oct. 24 rate announcement. “The

News BrokersMergers and Aqcuisitions

More commercial brokerage consolidation could follow Marsh-JLT combo

September 19, 2018 by Greg Meckbach

A US$6-billion merger between Marsh & McLennan Companies Inc. and Jardine Lloyd Thompson Group Plc could form the world’s largest commercial brokerage, and more mergers and acquisitions among commercial brokerages will likely to follow, a Canadian M&A expert suggests. Marsh

News ClaimsMergers and AqcuisitionsTechnology

How corporate mergers impact cyber risk

September 19, 2018 by Greg Meckbach

Cyber risk goes up if a company goes through a merger or acquisition, an information security consultant suggests. One way your client can reduce cyber risk is to know what hardware and software is on their computer network, Jeremy Hurst,

News BrokersMergers and Aqcuisitions

Marsh & McLennan agrees to buy Jardine Lloyd Thompson

September 18, 2018 by Greg Meckbach

If a US$6.4-billion deal announced Tuesday is approved, commercial brokerages Marsh and Jardine Lloyd Thompson will be owned by the same company. New York City-based Marsh & McLennan Companies Inc. says its board of directors has agreed to an acquisition