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Mergers and Aqcuisitions


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Sedgwick completes acquisition of Cunningham Lindsey

April 16, 2018 by Greg Meckbach

Sedgwick Claims Management Services Inc. has completed its acquisition of Tampa, Fla.-based Cunningham Lindsey, Sedgwick announced Monday. Both Cunningham Lindsey and Memphis, Tenn.-based Sedgwick have offices in Canada. “The combined organization—including the subsidiaries of Sedgwick, Vericlaim and Cunningham Lindsey, with

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Why brokerages looking at M&A should consider management buy-outs

April 16, 2018 by Jason Contant

The market for property and casualty insurance brokerages continues to be intense, with books of business attracting prices from three-and-a-half to five times commissions – and even more for online business, Mike Berris, partner and practice group leader with Vancouver-based

News InsuranceMergers and Aqcuisitions

Why the Canadian broker channel is seeing more consolidation

April 9, 2018 by Jason Contant

Canada is seeing a lot more consolidation in the broker channel as some manufacturers seek to guarantee delivery of their product, an analyst told Canadian Underwriter Monday. “In the Canadian landscape, the broker channel is important to all of the

News InsuranceMergers and Aqcuisitions

Where Palmer Atlantic acquisition fits into Gallagher’s growth strategy

April 9, 2018 by David Gambrill

Gallagher has recently strengthened its focus on building national industry practices such as trucking with the acquisition of specialist commercial insurance broker Palmer Atlantic. Gallagher has identified long-haul transportation as a priority market segment, and that made Palmer Atlantic a

News InsuranceMergers and Aqcuisitions

Why McFarlan Rowlands acquired DA Kurt Insurance Brokers

April 3, 2018 by Jason Contant

Geographic and cultural fit drove London, Ont.-based McFarlan Rowlands‘s decision to acquire DA Kurt Insurance Brokers of Kitchener, Ont., McFarlan told Canadian Underwriter. The deal is expected to close on April 30. “The DA Kurt team prides themselves on providing

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Two factors prompting HUB’s latest Canadian acquisition

March 12, 2018 by Jason Contant

Location and farming expertise played into HUB International Limited’s acquisition of a Manitoba brokerage recently. The global insurance brokerage announced Wednesday it has acquired the shares of Desilets Insurance Brokers Ltd. Desilets Insurance will become part of Hub Manitoba. “This

insPRESS AnnouncementsInsuranceMergers and Aqcuisitions

ClaimsPro/IndemniPro Strengthens its Quebec Coverage with the Acquisition of Dubuc, Lessard et Associés and Steve Foster Expertises Inc.

March 12, 2018 by SCM Insurance Services

MONTREAL, March 12, 2018 /insPRESS/ – ClaimsPro/IndemniPro today announced that it has acquired two of Quebec’s leading loss adjusting firms, Dubuc, Lessard et Associés and Steve Foster Expertises Inc. Dubuc, Lessard et Associés and Steve Foster Expertises Inc. have been

News InsuranceMergers and Aqcuisitions

Economical Insurance aims to ‘participate in acquisitions’

March 8, 2018 by Greg Meckbach

If Economical Insurance demutualizes and becomes traded on the stock market, it will be looking for other insurers to acquire, CEO Rowan Saunders told Canadian Underwriter Wednesday. “Part of the rationale” of going through demutualization is to raise money from

News InsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

XL Catlin Canada part of AXA’s $15.3-billion acquisition of XL Group

March 5, 2018 by David Gambrill

The AXA Group, based in France, has entered into a $15.3-billion agreement to acquire 100% of XL Group Ltd., which includes Canadian subsidiary XL Catlin Canada. The merger agreement, expected to close in the second half of 2018, has been

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Canada’s future M&A battleground: tech acquisitions

February 27, 2018 by Jason Contant

Natural resource industries still drive most Canadian mergers and acquisitions, but the financial services, technology and consumer industries are also expected to see a lot of M&A activity as the economy evolves, according to a new report. And one important

News InsuranceMergers and Aqcuisitions

Want to acquire an MGA? Here’s what you can expect to pay (and why)

February 21, 2018 by Jason Contant

Brokers or managing general agents (MGA) looking to buy another MGA could be looking at multiples of four times commission just to be able to compete with insurers looking to make the same purchase, industry analysts say. Philip Heywood, partner

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“We really don’t need to buy another company:” Fairfax CEO

February 21, 2018 by Greg Meckbach

Seven months after buying the majority of Allied World Assurance Company Holdings AG, Toronto-based Fairfax Financial Holdings Ltd. does not have any immediate plans to buy more insurance companies for the time being. “We really don’t need to buy another