Canadian Underwriter

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Mergers and Aqcuisitions

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Montreal commercial brokerage acquired by Hub International

May 13, 2020 by Greg Meckbach

Hub International Limited announced Wednesday it has acquired Vestas Financial Services Firm Inc., a Montreal property and casualty brokerage whose target markets include architects and engineers. Chicago-based Hub, which was formed in 1998 through the merger of 11 Canadian brokerages,

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Ripple effects

May 7, 2020 Jason Contant, Online Editor

How will the deal between Aon and Willis Towers Watson affect brokers in Canada?

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The thinking behind the latest OMERS P&C insurer deal

May 5, 2020 by Greg Meckbach

By selling a good chunk of its runoff business to one of Canada’s largest pension plans, Fairfax Financial Holdings Ltd. is allowing that business to buy discontinued Lloyd’s books while still allowing Fairfax to invest in its other insurers, CEO

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How Intact views potential acquisitions during pandemic

April 13, 2020 by Greg Meckbach

Despite the massive disruptions from the COVID-19 pandemic, Intact Financial Corp. is keeping its eye on potential mergers. “We want to make sure we have capital ready to be deployed for growth – both organic and through mergers and acquisitions,”

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The impact of the pandemic on insurance mergers

March 24, 2020 by Greg Meckbach

Brokerages negotiating a merger or acquisition don’t have to stop because of the COVID-19 pandemic, a Canadian M&A advisor suggests. “A good deal can get done. I suspect it may take a bit longer,” said Georges Pigeon (pictured), Montreal-based deal

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One attractive option for brokerages looking to sell

March 11, 2020 by Jason Contant

Being bought by a private equity firm may be an attractive option for brokerages looking to sell, said veteran P&C industry advisor and consultant Mike Berris, a partner with Smythe Advisory. “Their offering can be attractive in that they often

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On why Aon-Willis Towers Watson’s deal was predictable

March 10, 2020 by Jason Contant

One industry professional with a reinsurance background is really not surprised by the announcement yesterday by Aon plc that it intends to acquire Willis Towers Watson for $30 billion in stock. “I think the writing has been on the wall

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How M&A is tracking so far this year in the Canadian insurance space

March 6, 2020 by Jason Contant

After a bit of a lull in M&A announcements in the Canadian property and casualty space since the beginning of the year, it looks like the market for P&C brokerages and employee benefits solutions remains strong. Deals seem to be

News BrokersInsuranceMergers and AqcuisitionsTechnology

Selling your brokerage? What your potential buyers are looking for

March 4, 2020 by Jason Contant

Brokers who can best balance online distribution with personal advice will reap the benefits in the current merger and acquisition (M&A) environment, a brokerage M&A expert noted recently. “In Canada, brokers have generally been successful in defending against pure direct

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These Canadian brokerages are re-branding to NFP

February 26, 2020 by Greg Meckbach

Dalton Timmis Insurance Group Inc. and McLean Hallmark Insurance Group Ltd. are among the Canadian brokerages who are now adopting the NFP brand name, New York City-based NFP announced Tuesday. NFP closed its acquisition of Toronto-based McLean Hallmark this past

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Don’t make this common M&A mistake

February 20, 2020 by Adam Malik

Growing your business doesn’t necessarily mean you’re creating more value for it. That’s a common mistake people make during merger and acquisition deals, according to one expert. Value is created only when the business gets a return on capital in

News Mergers and Aqcuisitions

Brokerlink, Hub announce latest acquisitions

February 5, 2020 by Jason Contant

BrokerLink, one of the largest property and casualty insurance brokerages in Canada, and a subsidiary of Intact Financial Corporation, has acquired Nova Scotia brokerage Major Brothers Limited. Located in Halifax and Dartmouth, Major Brothers has been providing personal and commercial