Canadian Underwriter

Topic
Mergers and Aqcuisitions


Concept of M&A integration
News AnnouncementsBrokersInsuranceMergers and Aqcuisitions

Next up in Navacord’s merging spree

October 10, 2023 by Alyssa DiSabatino

Navacord brokerages Allwest Insurance and Waypoint Insurance Inc. will be merging under the Waypoint banner, effective Nov. 1.   The two B.C. brokerages are joining forces to combine the strengths and expertises of both companies, Navacord said in a press

News BrokersCommercial LinesMergers and Aqcuisitions

Major merger of three Navacord commercial brokerages

October 3, 2023 by Alyssa DiSabatino

Three Navacord brokerages are merging to create one of the largest commercial brokerages in Saskatchewan, the company announced Tuesday.  Henderson Insurance, Hoffmann Kool Insurance, and Life Line Brokers, will merge as HK Henderson, effective Nov. 1.  “The partnership creates one

News BrokersMergers and Aqcuisitions

Navacord marks 20th acquisition of 2023 with newest deal

October 2, 2023 by Alyssa DiSabatino

Navacord Corp. announced its latest deal with B.C.-based Harbord Insurance, effective Sept 1.  The acquisition marks Navacord’s 20th of the year, and expands the company’s presence in Victoria, B.C.  Harbord Insurance has offered personal lines products, including home, auto, travel,

M&A with wooden blocks
News BrokersCommercial LinesInsuranceMarkets / CoveragesMergers and AqcuisitionsProductsProfessional Development

BrokerLink continues expansion with Atlantic Canada acquisition

September 13, 2023 by Jason Contant

BrokerLink continues its growth in Atlantic Canada with the acquisition of Nova Scotia-based brokerage Roger E. Strum Limited. Headquartered in Windsor, N.S., Strum Insurance has offered professional guidance for home, auto, motorcycle, recreational vehicle, boat and business insurance for more

Teamwork and partnership
News BrokersCommercial LinesConstructionInsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

Brokerage merger to form Top 10 P&C firm

September 11, 2023 by Jason Contant

Quebec brokerages Fort Assurances and Gaudreau Assurances have merged to form what the two companies call one of the Top 10 damage insurance firms in the province. The new entity, which will operate under the name Fort Insurance & Group

Teamwork concept
News BrokersCommercial LinesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Westland, Hub’s latest P&C acquisitions

September 8, 2023 by Jason Contant

Westland Insurance Group and Hub International Ltd. have added to their property and casualty insurance offerings through recent M&A activity.  Westland Insurance acquired Saskatchewan personal and commercial lines brokerage Insurance Matters Inc., while Hub International acquired Ontario-based cannabis insurance brokerage

Two hands shaking upon making deals or acquisitions
News BrokersInsuranceMergers and Aqcuisitions

Mutual group makes local broker acquisition

September 5, 2023 by Alyssa DiSabatino

Mutual insurer group Collectivfide announced it has acquired a majority stake in R.E. Miner Insurance Brokers Limited.   Formed in 2019, Collectivfide’s shareholders represent mutual insurance companies across Canada. The acquisition, announced Sept. 1, marked Collectivfide’s 10th overall.  R.E. Miner

Business M&A concept
News Markets / CoveragesMergers and AqcuisitionsMGAs

M&A predictions for second half of 2023

August 28, 2023 by Alyssa DiSabatino

M&A deals dropped globally in the first half of 2023, but are expected to rebound after a brief lull, said global law firm Clyde and Co.  Ever-changing market cycles, geopolitical uncertainty and general economic volatility has meant an uncertain growth

Condo buildings in downtown Toronto
News BrokersCommercial LinesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Navacord acquires condo insurance provider

August 16, 2023 by Jason Contant

Navacord Corp. has announced the acquisition of Condominium Insurance Solutions (CIS), provider of one of the largest condo insurance programs in Ontario. Based in Markham, Ont., CIS’s offerings are tailored to meet the needs of the Condominium Act of Ontario

M&A concept
News Commercial LinesEarnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

How Intact CEO views the M&A landscape

August 11, 2023 by Jason Contant

M&A transactions involving large-value brokerage deals do not reflect a trend and likely aren’t sustainable, Intact Financial Corporation CEO Charles Brindamour suggested during a recent earnings call. “If I go towards distribution, which are smaller transactions, I think we’ve seen

Blocks with M&A written on them
News BrokersInsuranceMergers and Aqcuisitions

A busy summer for M&A at two of Canada’s largest brokerages

August 9, 2023 by Alyssa DiSabatino

Summertime M&A has not been slowing down for BrokerLink and Westland Insurance who have respectively completed three and two more deals in August. For BrokerLink, the three latest deals account for a total of twelve in 2023 thus far, focused

Analyzing financial results
News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Intact provides update on RSA profitability, remaining priorities 

August 8, 2023 by Jason Contant

Two years after Intact Financial Corporation acquired RSA Canada (and some other operations outside Canada), value creation from the acquisition has exceeded expectations, Intact’s chief financial officer said during an earnings call last week.  “We estimate that annual RSA synergies