Canadian Underwriter

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Mergers and Aqcuisitions


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

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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

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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 &

News AppointmentsBrokersInsuranceMergers and Aqcuisitions

NFP announces leadership changes for Canada

January 6, 2020 by Jason Contant

NFP, an insurance brokerage and consultant that provides property and casualty, employee benefits, retirement and individual solutions, recently announced leadership changes throughout Canada to support its rapid growth in the region. NFP has grown its Canadian team to 750 employees

News BrokersInsuranceMergers and Aqcuisitions

The first brokerage M&A deal of 2020

January 2, 2020 by Jason Contant

Archway Insurance rang in the new year by announcing two new locations in southwestern New Brunswick following the acquisition of Groom Insurance Limited, effective Jan. 1, 2020. The latest addition brings the number of Archway locations to 32, with approximately

News InsuranceMergers and Aqcuisitions

Top 3 M&A insurance deals in 2019

December 20, 2019 by Jason Contant

2019 saw a slew of mergers and acquisitions in the Canadian P&C space and it’s unlikely 2020 will buck the trend. In fact, in the past few weeks alone, one Ontario brokerage bought another one, a Florida-based brokerage bought a

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The latest acquisitions in the Canadian brokerage space

December 17, 2019 by Jason Contant

As we near the end of 2019, the trend in brokerage acquisitions shows no sign of slowing down. In the past week-and-a-half, one Ontario brokerage purchased another Ontario brokerage, a different brokerage bought a managing general agency, a large brokerage

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Canadian healthcare services provider acquires AssessMed

December 12, 2019 by Jason Contant

Lifemark Health Group (LHG) has acquired AssessMed, an independent medical examination services provider for auto insurers, as part of its strategy to diversify its medical assessment services across Canada. In particular, the acquisition allows LHG to broaden its assessment expertise

News BrokersMergers and AqcuisitionsTechnology

Three reasons fintech is driving brokerage acquisitions

December 11, 2019 by Greg Meckbach

Disruption by fintechs will be one driving force behind mergers and acquisitions among insurance brokerages, industry executives say.“I think fintech will help perpetuate this continued consolidation trend because I think at the small end of the market, fintech is viewed

News BrokersInsuranceMergers and AqcuisitionsTechnology

Applied Systems to acquire Indio Technologies

December 4, 2019 by Jason Contant

Applied Systems announced Wednesday it has entered into a definitive agreement to acquire Indio Technologies, a software company that digitizes the insurance application and renewal process. The announcement comes less than two months after Applied acquired Policy Works, a major