Canadian Underwriter

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Mergers and Aqcuisitions


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Acquisition expands brokerage’s footprint in Ontario

December 4, 2017 Jason Contant, Online Editor

McDougall Insurance & Financial is expanding its horizons, with its sights set on areas outside of its typical eastern Ontario operating range. The Belleville, Ont.-based brokerage announced on Friday that it had merged with Mink Insurance Services in Midland, Ont.,

News Markets / CoveragesMergers and Aqcuisitions

CPPIB buying 30% interest in BGL Group for $1.1 billion

November 24, 2017 The Canadian Press (CPSTF)

TORONTO – The Canada Pension Plan Investment Board has signed a $1.1-billion deal to acquire a 30 per cent stake in BGL Group, a digital distributor of insurance and financial services. BGL Group’s brands include Comparethemarket.com, LesFurets.com and online life

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Global M&A: How does Canada compare?

November 14, 2017 by Canadian Underwriter

Fewer insurance merger and acquisition (M&A) deals are being completed in the global insurance industry, but Canadian M&A does not appear to be following the global decline. Global M&A volume sunk by 12.3% in the first half of 2017, although

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New Editor-in-Chief for Canadian Underwriter as veteran journalist David Gambrill returns

November 13, 2017 Canadian Underwriter

TORONTO, Nov. 13, 2017 /insPRESS/ – Newcom Business Media Inc. is pleased to announce the appointment of David Gambrill as Editor-in-Chief of Canadian Underwriter. “David is an award-winning writer and editor who’s arguably Canada’s most experienced and knowledgeable insurance journalist,”

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Navacord welcomes Toole Peet Insurance of Calgary as new broker partner

November 9, 2017 by Canadian Underwriter

Navacord Inc. is welcoming its new broker partner, Calgary-based brokerage Toole Peet Insurance. The partnership expands Navacord’s connections “even further with entrepreneurial insurance brokers across Canada,” the insurance and risk management brokerage said in a press release on Nov. 3.

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Canadian M&A ahead of last year as private equity, outbound deal activity increases through Q3: PwC Canada

November 8, 2017 Jason Contant, Online Editor

The number of Canadian mergers and acquisitions (M&A) through the third quarter of this year increased to 1,879 from 1,522 during the same period in 2016, according to PwC Canada’s first Deals report, released on Monday. A PwC Canada spokesperson

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Wawanesa subsidiary acquires Western Financial Group

November 5, 2017 by Canadian Underwriter

Trimont Financial Ltd., a subsidiary of the Wawanesa Mutual Insurance Company, announced on Wednesday the formal closing of its previously announced agreement to purchase Western Financial Group and Western Life Assurance (collectively “Western”) from Desjardins Financial Corporation, a Desjardins Group

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Archway Insurance joins forces with Jack & Co. Ltd.

November 2, 2017 by Canadian Underwriter

Atlantic Canada’s Archway Insurance is joining forces with Halifax-based Jack & Co. Ltd. and its affiliate, AFC Insurance Services of Cole Harbour, in a move meant to enhance the capabilities and extend the reach for both entities. The intent of

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IBAO CEO panelists discuss brokerage acquisitions

October 27, 2017 Greg Meckbach, Associate Editor

Acquisitions by insurers “have had an impact on valuations” of brokerages, but the price a brokerage owner could get be selling the business is also affected by factors such as growth and profitability, insurance carrier chief executives suggested Thursday. “Insurer

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Ontario broker association suspends partnership with Aviva Canada

October 23, 2017 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) announced on Monday that it is formally suspending its sponsorship partnership with Aviva Canada “for the foreseeable future.” IBAO CEO Colin Simpson argued in a media release that “Aviva continues to leverage the

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Continuing fast pace for insurance M&A in U.S., Canada: OPTIS

October 20, 2017 by Canadian Underwriter

Sellers seem to be enthusiastically responding as buyers continue the aggressive valuations of p&c and employee benefits agencies, with OPTIS Partners reporting Thursday there were 132 deals inked during 2017 Q3, bringing the year-to-date total to 457. Chicago-based OPTIS Partners’

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Octo Telematics to acquire Willis Towers Watson’s UBI assets; firms to partner on insurance-related products

October 12, 2017 by Canadian Underwriter

Octo Telematics and Willis Towers Watson (WTW) have reached an agreement in which the former will acquire the latter’s usage-based insurance (UBI) assets, setting the stage for the two companies to work together on more auto telematics opportunities. Leveraging Octo’s