Topic
Mergers and Aqcuisitions
This merger would form Canada’s largest mutual insurer
January 29, 2020 by Greg MeckbachQuebec’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…
Why brokerage M&A in Canada will slow down in 2020
January 24, 2020 by Jason ContantLooking 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…
Brokerage expands into Yukon with acquisition
January 14, 2020 by Jason ContantWestern 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…
NFP Canadian executive reveals future M&A strategy
January 10, 2020 by Jason ContantNFP 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…
The story behind NFP’s foray into the Canadian P&C space
January 9, 2020 by Jason ContantNFP 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…
The latest brokerage to join the parade of M&A in 2020
January 8, 2020 by Jason ContantAnother 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…
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 &…
NFP announces leadership changes for Canada
January 6, 2020 by Jason ContantNFP, 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…
The first brokerage M&A deal of 2020
January 2, 2020 by Jason ContantArchway 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…
Top 3 M&A insurance deals in 2019
December 20, 2019 by Jason Contant2019 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…
The latest acquisitions in the Canadian brokerage space
December 17, 2019 by Jason ContantAs 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…
Canadian healthcare services provider acquires AssessMed
December 12, 2019 by Jason ContantLifemark 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…