Canadian Underwriter

Topic
Mergers and Aqcuisitions


News InsuranceMergers and Aqcuisitions

Oil and gas fuel Hub’s latest acquisition

February 9, 2018 by Jason Contant

Diversification into oil and gas partially fueled Hub International‘s recent acquisition of Kindersley Insurance, the company told Canadian Underwriter Thursday. Keith Jordan, president and CEO of Hub Manitoba, said acquiring the shares of Kindersley Insurance was beneficial for both companies.

insPRESS AnnouncementsInsuranceMergers and AqcuisitionsReinsurance

DAS Canada is to join with Temple Insurance to advance as one

January 31, 2018 DAS Canada

TORONTO, Jan. 31, 2018 /insPRESS/ – DAS Canada and Temple Insurance announce new MGA agreement DAS Canada will join and shift its risk carrying capacity to Temple Insurance, the insurance carrier of Munich Re in Canada, to advance as one

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Independent brokerage grows in Western Canada

January 23, 2018 by Jason Contant

Regina-based brokerage Harvard Western Insurance has acquired Saskatchewan brokerage Hoff Insurance, effective immediately. Harvard Western president and CEO Dave Pettigrew told Canadian Underwriter Tuesday that Hoff Insurance approached his firm because they wanted to be part of a larger brokerage.

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

AIG re-enters Lloyd’s business with $5.56-billion deal

January 23, 2018 by Greg Meckbach

Less than two years after Canada Pension Plan Investment Board bought Lloyd’s underwriter Ascot Underwriting from American International Group Inc. (AIG), AIG plans to get back into the Lloyd’s business again. AIG announced Monday a US$5.56-billion agreement to acquire Validus

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

A bachelor’s guide to the right M&A fit

January 22, 2018 by David Gambrill

Although brokers contemplating a merger and acquisition may be focused on the financial mechanics of the deal, they should remain mindful about the cultural fit between the merged brokerages, as well as the right strategic fit between the merged entity

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

How small brokerages find the funds to grow through M&A

January 17, 2018 by Jason Contant

Given the increasing expenses required to grow a business, how can a smaller brokerage secure the funding to expand via a merger or acquisition? “There are many options in the marketplace,” said Adam Duliban, principal broker with Duliban Insurance Brokers.

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

Will a “wave of succession” spur M&A for Canadian brokerages?

January 16, 2018 by Jason Contant

Succession planning has triggered an uptick in brokerage mergers and acquisitions over the last couple of years, an industry analyst told Canadian Underwriter recently. “I would say there’s an uptick in assets coming to market that are owner-operated, where succession

News InsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

How a brokerage sale agreement can lead to a lawsuit

January 15, 2018 by Greg Meckbach

The price buyers pay for brokerage firms is often not set in stone but rather depends on the financial performance of the acquired business after it’s sold, and this can lead to disagreements that wind up in court, lawyers say.

News AnnouncementsMarkets / CoveragesMergers and AqcuisitionsReinsuranceTechnology

Deal with LOGiQ3 sees U.S. firm acquire Canadian insurtech

January 10, 2018 by Jason Contant

RGAx, a subsidiary of Reinsurance Group of America, has acquired a group of companies providing technology, consulting and outsourcing solutions to the North American life and reinsurance industries – including two Canadian organizations. On Jan. 8, RGAx announced the acquisition

News AnnouncementsAssociationsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Mutual mergers: stepping stone to demutualization?

January 8, 2018 by Jason Contant

With Economical Insurance on the road to demutualization, the question has always been: will other mutuals follow suit? But another possibility is that some of the smaller Canadian mutual insurers may merge to form larger entities in anticipation of demutualizing

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Brokerage acquisition features insurtech talent, online binding

January 8, 2018 by Greg Meckbach

The potential to expedite policy issuance to brokers online was a major factor in the decision of Totten Insurance Group to buy Belyer Insurance Limited of Windsor, Ont., Totten CEO Susan Murphy said Friday. Belyer does business as EasyInsure, whose

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Why you’re not seeing as many carrier acquisitions as expected

January 5, 2018 by Jason Contant

The lack of “domestically sizeable targets” coming to market is one factor contributing to a less-than-expected number of acquisitions for Canadian carriers, an industry analyst says. And whenever a sizeable acquisition opportunity does arise, there is heated competition among multiple