Canadian Underwriter

Topic
Mergers and Aqcuisitions


Shopping bag leaping from a computer to illustrate e-commerce growth for insurers
News BrokersCommercial LinesEmploymentInsuranceMergers and Aqcuisitions

How acquisitions help P&C brokers boost cross-selling options

October 28, 2022 Philip Porado

Several Canadian commercial P&C brokerages are actively acquiring wealth management, retirement planning and employee benefits firms so they can boost revenues by adding to their product ranges. The simple math suggests a larger product suite — one that brings in

Magnet draws talent to a company
News BrokersInsuranceMarkets / CoveragesMergers and AqcuisitionsProductsProfessional Development

How to find P&C talent by acquiring wealth planning advisories

October 27, 2022 Philip Porado

Frequent announcements about Canadian P&C brokerages buying retirement and wealth planning advisories raises an interesting question: What do the acquirers offer to the employees of the firms they buy? The short answer is development opportunities, said Terri Botosan, regional president

Window sign indicating a business is for sale
News BrokersCommercial LinesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Selling your brokerage? How to look attractive for buyers

October 26, 2022 Philip Porado

Portfolio analysis is key to buying or selling brokerages, and some portfolios are more attractive than others, Herb Cline, president of CF2K Strategic Consultants, told a session at the Insurance Brokers Association of Ontario’s recent convention. “The flavor of the

Buyout and related words like transaction, debt, ownership and investment
News BrokersCommercial LinesEarnings / RatingsEmploymentInsuranceMarkets / CoveragesMergers and Aqcuisitions

Why benefits, retirement and wealth planning are now P&C profit centres

October 14, 2022 Philip Porado

Recent merger deals announced by Canadian commercial P&C brokerages increasingly feature acquisitions of wealth management and employee benefits firms, and this is no accident, brokers tell Canadian Underwriter. This subset of M&A is about P&C brokerages becoming a type of

Merger and acquisition business concept
News BrokersCommercial LinesInsuranceMergers and AqcuisitionsProducts

Canadian P&C brokerage M&A explodes in late 2022

October 13, 2022 by Jason Contant

P&C brokerage merger and acquisition activity in Canada remains strong and healthy, as evidenced by the number of deals announced in just the past couple of weeks. Those deals involve brokerages that include Westland Insurance Group, BrokerLink, Western Financial Group,

Mergers and acquisitions with a pen picture
News BrokersCommercial LinesInsuranceMarkets / CoveragesMergers and Aqcuisitions

BrokerLink reaches milestone with latest deals

October 12, 2022 by Jason Contant

BrokerLink has made its 19th and 20th acquisitions of 2022 with the purchase of two Ontario brokerages. The Intact Financial Corporation subsidiary said L&M Dallaire Insurance Ltd. and Cryderman Insurance Brokers Ltd. joined BrokerLink effective Oct. 1. Both brokerages offer

Working together concept
News BrokersInsuranceMarkets / CoveragesMergers and Aqcuisitions

Definity acquires majority stake in an Ontario brokerage

October 7, 2022 by Jason Contant

Definity Financial Corporation has increased its ownership interest in Ontario-based brokerage McDougall Insurance from approximately 25% to 75%, “building a broker partnership with proven M&A expertise.” The partnership is for a cash consideration of $217 million (subject to post-closing adjustments),

Illustration in origami style of a businessman in a suit surfing tall waves with an orange surfboard
News BrokersInsuranceMergers and Aqcuisitions

Three questions to consider when preparing for the next M&A wave

September 29, 2022 by Alyssa DiSabatino

Startups looking to ride the upcoming M&A wave need to hold a mirror up to their businesses and see themselves through the eyes of a potential acquirer, said the author of a recent Harvard Business Review blog.   And insurance

Threads intertwining to represent mergers of eight companies
News AnnouncementsBrokersInsuranceMarkets / CoveragesMergers and AqcuisitionsMGAs

Which firm racked up 8 mergers over the summer?

September 28, 2022 Canadian Underwriter Staff

Brokerage M&A has been hectic so far in 2022, with one firm bringing eight brokerages across Canada under its wing during the summer. Navacord today announced it closed eight acquisitions during July and August that expands the company’s presence in

Group of diverse businesspeople following a merger
News AnnouncementsBrokersCommercial LinesInsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

CapriCMW and Rogers Insurance announce merger

September 20, 2022 by Jason Contant

British Columbia-based CapriCMW and Alberta-based Rogers Insurance have announced that they have merged and will be known as Acera Insurance. The merger will create a company with 1,000 employees located in more than 50 offices across Alberta, B.C., Ontario and

Arrows pointing up symbolizing business growth
News Commercial LinesEarnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Post-demutualization: Definity’s plans for the future

September 13, 2022 by Jason Contant

Definity Financial Corporation is maintaining its goal of becoming a Top 5 insurance company through a combination of organic growth and M&A activity, Definity president and CEO Rowan Saunders suggested during a recent financial services conference. “One of the drivers

News BrokersInsuranceMergers and Aqcuisitions

Navacord makes its largest deal of the year

August 10, 2022 by Alyssa DiSabatino

Navacord Corp. has completed its 20th and largest M&A deal of the year following its partnership with Insurance Store, effective Aug. 1, 2022.   Headquartered in Windsor, Insurance Store has five offices across Ontario in Barrie, Collingwood, Chatham, and Woodstock,