Canadian Underwriter

Topic
Mergers and Aqcuisitions


News AnnouncementsBrokersCommercial LinesInsuranceMarkets / CoveragesMergers and Aqcuisitions

M&A deal sees brokerage expand into the child and youth care space

July 22, 2021 by David Gambrill

With the Ontario government poised to pump more funding into child care services, the timing was right for brokerage McFarlan Rowlands to acquire Magenta Insurance Professionals, a niche insurance broker focused on children and youth activities, says McFarlan Rowlands CEO

News InsuranceMergers and Aqcuisitions

New name in the works for Echelon’s former corporate owner

July 20, 2021 by Greg Meckbach

EFH Holdings Inc., the Mississauga, Ont.-based corporate owner of Insurance Company of Prince Edward Island (ICPEI), is applying to change its name ICPEI Holdings Inc. EFH was known until December 2020 as Echelon Financial, which owned Canadian P&C insurer Echelon

robot hand touching human hand
News AnnouncementsInsuranceMergers and AqcuisitionsMGAs

Westland buys two digital brokerages

July 8, 2021 by David Gambrill

Westland Insurance has acquired two digital brokerages in a move intended to expand its tech offerings to brokers, renters, and homeowners. In the first of two deals announced Thursday, Agile Underwriting Solutions, owned by Westland, has acquired managing general agency

News BrokersInsuranceMergers and Aqcuisitions

Aon-Willis deal under review by Competition Bureau

July 5, 2021 by Greg Meckbach

Canada’s competition regulator is reviewing the proposed merger of global brokerages Aon plc and Willis Towers Watson plc, but the federal government is not saying whether it has actually received any complaints. The US$30-billion deal, originally announced in March 2020,

News BrokersMarkets / CoveragesMergers and Aqcuisitions

How the world’s brokers rank by revenue

July 5, 2021 by Greg Meckbach

Marsh was still the world’s biggest brokerage in 2020, even after more than 700 merger deals got done last year, A.M. Best Company Inc. reports in Top Global Insurance Brokers – 2021 Edition, released July 1. Quoting from Optis, A.M.

News BrokersInsuranceMergers and Aqcuisitions

Only 3 brokers have the ‘wherewithal’ to place complex large account package: Consultant

June 30, 2021 by Greg Meckbach

Some Fortune 1,000 commercial clients really have a choice of essentially three brokers – Aon, Marsh or Willis – if they are looking for a complete insurance package, a consultant for the insurance industry suggests. In a recent court filing,

News ConstructionInsuranceLegalMergers and Aqcuisitions

Global insurance law firm expands its Canadian presence

June 23, 2021 by David Gambrill

Global insurance law firm Clyde & Co will be entering the B.C. market through a merger with SHK Law Corporation in B.C., effective July 1. The terms of the merger were not disclosed. B.C.’s property and casualty insurance market is

News BrokersInsuranceMergers and Aqcuisitions

BFL president reacts to regulator’s effort to prevent Aon-Willis merger

June 23, 2021 by Greg Meckbach

In trying to block Aon plc’s proposed acquisition of Willis Towers Watson plc, the United States competition regulator is off the mark in how it describes the world’s three-biggest property and casualty commercial insurance brokerages, suggests a senior executive with

News BrokersInsuranceMergers and Aqcuisitions

Why the U.S. competition regulator wants to stop the Aon-Willis merger

June 17, 2021 by Greg Meckbach

Almost all large firms in the United States buy their property and casualty insurance through either Marsh, Aon or Willis Towers Watson, the latter two of the ‘Big Three’ having market share of more than 40% in property and liability

News InsuranceMergers and Aqcuisitions

How high Intact’s market share could climb before competition becomes an issue

May 18, 2021 by Greg Meckbach

Intact’s market share could approach 30% before it potentially runs into resistance from domestic competition regulators, a senior executive suggested Tuesday. After the closure of the three-way deal for Intact and Tryg A/S to acquire RSA plc, Intact will have

News Mergers and Aqcuisitions

Next steps for integrating RSA into Intact

May 17, 2021 by Greg Meckbach

As Intact puts the “final touches” on its proposed acquisition of RSA Canada, Intact’s executives say they may be looking at “strategic alternatives” for some of the RSA plc operations it has agreed to acquire. During Intact’s 2021 Q1 earnings

News Mergers and Aqcuisitions

Intact-RSA deal awaits final clearance for takeoff on June 1

May 6, 2021 by David Gambrill

Intact Financial Corporation and Dutch insurer Tryg A/S have received all anti-trust and regulatory approvals for the acquisition of RSA Insurance Group plc, setting the stage for closing the mega-merger within a month. The last items remaining on the to-do