Canadian Underwriter

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Mergers and Aqcuisitions


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Brokerlink expands Ontario presence with latest acquisition

July 9, 2018 by David Gambrill

Brokerlink, one of Canada’s largest property and casualty insurance brokerages, has expanded its presence in Ontario with the acquisition of three new brokerages. Ontario brokerages Adriatic Insurance Brokers Ltd., Magermans & Raes Insurance Brokers Ltd., and Insurance Protection Group Inc.

News InsuranceMergers and Aqcuisitions

M&A-lite: a new way to transform the business

July 4, 2018 by Greg Meckbach

Improving distribution and exploring sophisticated technologies such as artificial intelligence are among the major reasons why insurance CEOs are looking to make deals such as mergers and acquisitions these days. But some of these objectives can be accomplished through other,

News ClaimsInsuranceMergers and AqcuisitionsRestoration

Local M&A activity heats up in the claims industry

July 3, 2018 by Jason Contant

Independent adjusting firm Crawford & Company (Canada), Inc.  has acquired Cherrie Griffith Ltd., a provider of risk and claims services in the Ottawa region for more than 10 years. The acquisition was the second in two months within the claims

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Leading Canadian insurers ‘looking at M&A intensely’

July 3, 2018 by Greg Meckbach

Brokers can expect to see a major carrier consolidation deal this year, assuming the prediction of a major mergers and acquisitions (M&A) advisory firm holds true. Of the top 10 Canadian P&C insurers, “it could be expected that a few

News InsuranceMergers and AqcuisitionsTechnology

Quebec insurance IT provider V-NEO acquired by German-based tech company

July 3, 2018 by David Gambrill

German-based tech provider GFT Technologies SE (GFT) has acquired V-NEO Inc. (V-NEO), a Quebec-based IT provider to the Canadian property and casualty insurance industry. Founded in 2011, V-NEO has acted as a service partner for the P&C insurance Guidewire platform.

News AnnouncementsMergers and AqcuisitionsReinsurance

Reinsurer with Toronto office could become publicly traded

June 28, 2018 by Greg Meckbach

Sirius International Insurance Group Ltd., which sells reinsurance in Canada through a Toronto office, will be publicly traded if a tentative merger agreement announced Monday is approved. Bermuda-based Sirius was sold in 2016 by White Mountains Insurance Group Ltd. to

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

BFL Canada receives capital injection from Quebec pension fund manager

June 28, 2018 by David Gambrill

La Caisse de dépôt et placement du Québec (CDPQ), a Quebec pension fund manager, has acquired a 20 per cent minority interest in BFL Canada, one of the largest commercial insurance brokers in Canada. The investment will help BFL Canada,

News BrokersInsuranceMergers and Aqcuisitions

Western Financial CEO reveals the strategy behind Axion deal

June 26, 2018 by Jason Contant

When Western Financial Group acquired its first non-western Canadian brokerage last week, location obviously played a factor in its acquisition strategy. The more rural, the better, the brokerage told Canadian Underwriter Tuesday. The High River, Alta.-headquartered Western completed its acquisition

insPRESS AnnouncementsClaimsMergers and Aqcuisitions

Crawford & Company® Announces Agreement to Sell Garden City Group® to Epiq

June 25, 2018 Crawford & Company

ATLANTA, June 18, 2018 /insPRESS/ – Crawford & Company®, the world’s largest publicly listed independent provider of claims management solutions to insurance companies and self-insured entities, today announced that it has sold Garden City Group, LLC℠ (GCG®), its legal administrative services unit

News InsuranceMergers and Aqcuisitions

Canadian P&C consolidation will leave only “a few tables left”: broker

June 25, 2018 by Greg Meckbach

Look for consolidation to continue within the Canadian property and casualty insurance industry, senior industry executives predicted at a recent conference. Also, expect insurers to take on a greater role in distributing the products. Speaking about consolidation, Adam Mitchell, the

News BrokersInsuranceMergers and Aqcuisitions

Western Financial moves into central Canada with brokerage acquisition

June 20, 2018 by Jason Contant

Western Financial Group Inc. has acquired its first non-western Canadian brokerage, Axion Insurance Services Inc. Completed on June 19, the deal will allow Western Financial to add 10 Ontario-based locations and approximately 60 insurance experts to its existing network. Kenny

News BrokersInsuranceMarkets / CoveragesMergers and Aqcuisitions

How demand in Canada factored into merger of two Lloyd’s brokers

May 29, 2018 by Jason Contant

An increased demand from Canadian brokers for more “problem-solving” insurance solutions, such as specialist cyber coverage, is a factor behind the recent merger between Endeavour Insurance Services and SSL Insurance Group. Lloyd’s broker and delegated authority specialist Endeavour recently announced