Canadian Underwriter

Topic
Mergers and Aqcuisitions


News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Brokerage acquisition features insurtech talent, online binding

January 8, 2018 by Greg Meckbach

The potential to expedite policy issuance to brokers online was a major factor in the decision of Totten Insurance Group to buy Belyer Insurance Limited of Windsor, Ont., Totten CEO Susan Murphy said Friday. Belyer does business as EasyInsure, whose

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Why you’re not seeing as many carrier acquisitions as expected

January 5, 2018 by Jason Contant

The lack of “domestically sizeable targets” coming to market is one factor contributing to a less-than-expected number of acquisitions for Canadian carriers, an industry analyst says. And whenever a sizeable acquisition opportunity does arise, there is heated competition among multiple

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

2 key concerns for brokers in 2018

January 4, 2018 by Jason Contant

Merger activity and technology are two major issues facing brokers looking forward into 2018, says the new Insurance Brokers Association of Ontario (IBAO) president Brian Purcell. Purcell talked to Canadian Underwriter shortly after beginning his new role as IBAO president

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Totten buys online brokerage

January 4, 2018 by Canadian Underwriter

Managing general agency Totten Insurance Group has acquired Windsor, Ont.-based EasyInsure, which offers quotes for both commercial and personal insurance online. Toronto-based Totten intends to use EasyInsure’s “digital capabilities to better support [Totten’s] current and future clients,” said Hub International

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

McDougall Insurance discusses latest merger

January 3, 2018 by Jason Contant

McDougall Insurance & Financial is merging with Worden Insurance & Financial Services, a 13-employee brokerage operating out of Oshawa. Based in Belleville, Ont., McDougall Insurance & Financial is looking to extend its footprint in Ontario’s Durham region with its latest

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Management buyout features Canadian broker tech guru

January 2, 2018 by Canadian Underwriter

Pat Durepos, a well-known Canadian broker in the insurance tech space, is a key figure in a management buyout at Hubio Exchange, the Canadian division of Hubio Exchange has announced. Hubio Exchange has provided industry tech solutions to Canadian insurers

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

Why U.S. brokerage made its first Canadian P&C acquisition

December 20, 2017 Jason Contant, Online Editor

Dalton Timmis Insurance Group’s technological capabilities and its “unique abilities” in motorcycle and transportation insurance were among the factors that made it an ideal acquisition target for U.S. brokerage NFP Corp., the president of NFP in Canada said Wednesday. Marty

News InsuranceLegislation / RegulationMergers and Aqcuisitions

P&C mutuals line up against demutualization

December 15, 2017 by Canadian Underwriter

Two years after Economical left the gate on the track to demutualization, the Waterloo, Ont.-based mutual insurer appears to be the lone horse among its industry peers. Four Canadian life insurers demutualized in 1999-2000 but regulations allowing mutual property and

News InsuranceMergers and AqcuisitionsTechnology

Octo completes acquisition of Willis Towers Watson’s UBI assets

December 11, 2017 David Gambrill, Editor-in-Chief

Octo Telematics, a global provider of telematics for the auto insurance industry, has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson. Octo’s acquisition includes Willis Towers Watson’s DriveAbility solution and the DriveAbility Marketplace. Geoff Werner

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Hyperion deal shows pension fund to be bullish on insurance

December 7, 2017 by Canadian Underwriter

With its fourth major insurance acquisition in 18 months, the manager of Quebec’s public pension funds was looking for exposure to markets in Asia and Latin America, a Caisse de dépôt et placement du Québec spokesman told Canadian Underwriter Wednesday.

News InsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

Dispute over brokerage sale could have sent “commercial law sideways”

December 7, 2017 by Canadian Underwriter

In a case that would “have had the potential to send the practice of commercial law sideways,” Manitoba’s Court of Appeal has reversed a lower court’s $10 million-decision against Western Financial Group over a disputed share price valuation related to

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

The story behind Quebec merger of two independent brokerages

December 6, 2017 David Gambrill, Editor-in-Chief

Quebec independent brokerage Fort Financial Group Inc. has acquired Montreal based Assurances ABZ, a property and casualty insurance company specializing in group benefits and serving business owners and executives. Fundamentally, the move is an example of an independent broker finding