Canadian Underwriter

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Mergers and Aqcuisitions


News InsuranceMergers and AqcuisitionsTechnology

What buyers look for in a brokerage

January 16, 2019 by Greg Meckbach

Information technology is one driving force behind mergers and acquisitions involving property and casualty insurance brokerages. Acquiring new products, talent and technology are among the reasons behind M&A activity in P&C insurance, said Georges Pigeon, a Montreal-based partner with KPMG’s

News BrokersInsuranceMergers and Aqcuisitions

What these brokerages bring to the table in Hub merger

January 15, 2019 by Greg Meckbach

A Quebec brokerage recently acquired by Hub International Ltd. brings expertise in construction and auto dealerships to the table. “Hub is already major player, if not one of the biggest brokers in Quebec,” Alain Giroux, executive vice president of Montreal

News BrokersMergers and Aqcuisitions

Hub buys Quebec commercial brokerage

January 10, 2019 by Greg Meckbach

Montreal commercial brokerage Forum Risques et Assurance Inc. has been acquired by Hub International Ltd., Chicago-based Hub announced Thursday. Forum Risques was founded in 2013 by François Jean and Alain Giroux. Its target markets include technology, manufacturing and construction. Jean

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McDougall merges with Barrie, Ontario brokerage

January 9, 2019 by Greg Meckbach

McDougall Insurance Brokers of Belleville, Ont. announced Tuesday it has merged with Barrie-based Dusome Insurance Brokers. The combined firm has 34 offices, including Kingston, Peterborough, Deep River, Pembroke, Orillia, Trenton, Cornwall and Oshawa. Dusome’s 11 employees will join McDougall as

News BrokersMergers and Aqcuisitions

BrokerLink expands with two new brokerages

January 8, 2019 by Greg Meckbach

Two brokerages have joined Intact Financial Corp.’s BrokerLink unit effective Jan. 1, BrokerLink announced Monday. The new BrokerLink brokerages are Edmonton-based Challenge Insurance Group Inc. and Toronto Insurance and Financial Group (TIFG) Inc., situated on Valleybrook Drive near the neighbourhood

News BrokersInsuranceMergers and Aqcuisitions

Jones Brown acquired by large international brokerage

January 8, 2019 by Greg Meckbach

Canadian brokerage Jones Brown Inc. has been acquired by Arthur J. Gallagher & Co., Itasca, Ill.-based Gallagher announced Tuesday. Jones Brown, which places both commercial and personal property and casualty insurance, has offices in Vancouver, Calgary, Toronto and Hamilton. “The

News BrokersInsuranceMergers and Aqcuisitions

The Co-operators acquires Quebec independent brokerage

January 4, 2019 by Jason Contant

The Co-operators announced Thursday it has purchased Quebec-based independent brokerage Assurances Madelein Inc., its 16th office in the province. The Laval, Que.-based brokerage’s portfolio includes personal and commercial insurance lines, as well as life, disability, health and mortgage insurance, and

News ClaimsInsuranceMergers and Aqcuisitions

Asset manager closes acquisition of Sedgwick

January 3, 2019 by Jason Contant

Asset manager The Carlyle Group has closed its acquisition of a majority ownership of Sedgwick from KKR & Co. Inc. and other shareholders for an estimated $6.7 billion. Funds managed by Stone Point Capital LLC and Caisse de dépôt et

News InsuranceMergers and Aqcuisitions

Private equity firm to acquire 50% interest in western Canadian insurer

December 19, 2018 by Jason Contant

An Alberta-based private equity company announced Tuesday it has entered into a letter of intent to acquire a 50% interest in a western Canadian-based property and casualty insurance company for $2 million. The Western Investment Company of Canada, a publicly

News AdjustersClaimsMergers and AqcuisitionsTechnology

Calgary claims vendor now owned by CoreLogic

December 19, 2018 by Greg Meckbach

CoreLogic Inc. announced Wednesday it has closed its acquisition of Symbility Solutions Inc. Irvine, Calif.-based CoreLogic – which provides risk data on properties to property and casualty insurers – already owned 28% of Symbility, a Calgary-based vendor of claims processing

News BrokersInsuranceMergers and AqcuisitionsTechnology

Why your brokerage needs a lead management system

December 12, 2018 by Jason Contant

Brokerages going through a major transformation such as a merger should consider a lead management system, recommends the CEO of a brokerage that underwent a merger in 2015. “Really focus on a lead management system because otherwise you’ll have no

News BrokersInsuranceMergers and Aqcuisitions

Brokerage M&A deals heat up in Winter

December 5, 2018 by Jason Contant

Brokerage mergers and acquisitions (M&A) are ramping up in Canada, with two separate deals in Ontario and Saskatchewan announced Tuesday. In Ontario, Burrows Insurance Group Inc., located in Peterborough and Oshawa, Ont., joined BrokerLink. In Saskatchewan, Andrew Agencies Ltd. acquired