Canadian Underwriter

Topic
Mergers and Aqcuisitions


News BrokersMergers and Aqcuisitions

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

News BrokersInsuranceMergers and Aqcuisitions

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

News BrokersInsuranceMergers and AqcuisitionsTechnology

Aon acquires Canadian-based cyber security firm

February 4, 2020 by Jason Contant

Aon plc has announced the acquisition of Cytelligence, a Canadian-based cyber security firm with deep expertise in cyber incident response and digital forensic investigations. London, UK-based Aon said Tuesday the acquisition will help the brokerage expand its current coverages within

News BrokersInsuranceMergers and Aqcuisitions

Western Financial acquires brokerage owned by two former IBAC presidents

February 4, 2020 by David Gambrill

Western Financial Group has acquired Orr & Associates, an independent brokerage in southwestern Ontario known for an experienced staff that includes two former Insurance Broker Association of Canada (IBAC) presidents, Ken Orr and Keith Wilson. Effective immediately, Orr & Associates

News InsuranceMergers and Aqcuisitions

This merger would form Canada’s largest mutual insurer

January 29, 2020 by Greg Meckbach

Quebec’s third-largest property and casualty insurer is proposing to merge with the province’s Number 10 player. La Capitale Insurance and Financial Services and SSQ Insurance announced Wednesday they plan to combine operations. La Capitale is based in Quebec City and

News BrokersInsuranceMergers and Aqcuisitions

Why brokerage M&A in Canada will slow down in 2020

January 24, 2020 by Jason Contant

Looking at the number of brokerage acquisitions already in January, you wouldn’t think merger and acquisition (M&A) activity is slowing down. But earlier this month, Willis Towers Watson reported that the global M&A market, with performance in steady decline since

News BrokersInsuranceMergers and Aqcuisitions

Brokerage expands into Yukon with acquisition

January 14, 2020 by Jason Contant

Western Canadian independent insurance brokerage CapriCMW Insurance Services Ltd. announced Monday it has expanded into Yukon with the acquisition of an office from Aon Reed Stenhouse Inc. The longstanding Aon office at 201-9016 Quartz Road in Whitehorse will begin operating

News BrokersInsuranceMergers and Aqcuisitions

NFP Canadian executive reveals future M&A strategy

January 10, 2020 by Jason Contant

NFP Corp. has concentrated almost exclusively in Ontario since it first entered into the Canadian property and casualty insurance space about two years ago, but expect that to change in the future. NFP is looking to have “a bigger presence

News BrokersInsuranceMergers and Aqcuisitions

The story behind NFP’s foray into the Canadian P&C space

January 9, 2020 by Jason Contant

NFP Corp. has been busy in the approximately two years since the U.S.-based brokerage acquired Dalton Timmis Insurance Group in 2017, its first Canadian P&C acquisition. Since that time, it has acquired a number of Canadian brokerages, including Mass Insurance

News BrokersInsuranceMergers and Aqcuisitions

The latest brokerage to join the parade of M&A in 2020

January 8, 2020 by Jason Contant

Another day, another acquisition. McDougall Insurance and Financial has merged with Provenance Insurance Services Ltd., which operates as Knox Hutchison Insurance Services (North Bay), Municipal Insurance Services (North Bay) and Dynamic Insurance Brokers (Sudbury). Provenance will join with McDougall to

News BrokersInsuranceMergers and Aqcuisitions

Canadian brokerage M&A explodes out of the gate in 2020

January 7, 2020 by Jason Contant

“The market for P&C brokerages and books of business is strong and will likely continue to be robust in the foreseeable future,” Mike Berris, partner and practice group leader with Smythe Advisory, predicted last August in the firm’s Property &