Canadian Underwriter

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Mergers and Aqcuisitions


News BrokersMarkets / CoveragesMergers and Aqcuisitions

Why this broker sold into the independent broker channel

May 6, 2018 by Jason Contant

When Ron Bagnell was looking to retire, handing over his brokerage to the family was not an option, so he sold into the independent broker channel. “My children had no interest in taking over the business, so I knew that

News BrokersInsuranceMergers and Aqcuisitions

Hub acquires Alberta brokerage specializing in commercial lines

May 3, 2018 by Greg Meckbach

Carlton Insurance Brokers Inc. of Jasper, Alta., a full service brokerage that specializes in commercial auto and oil and gas, has been acquired by Hub International Limited. Carlton places insurance for a variety of clients including trucking companies and the

News BrokersInsuranceMergers and Aqcuisitions

Archway snaps up Bay Insurance & Financial in local merger deal

May 3, 2018 by Jason Contant

Bay Insurance & Financial, a smaller brokerage in Tantallon, Nova Scotia, has merged with one of Atlantic Canada’s largest brokerages, Archway Insurance. Bay Insurance’s existing location on Peggy’s Cove Road in the heart of the St. Margaret’s Bay Area will

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Will more Canadian commercial insurers look south for acquisition targets?

April 26, 2018 by Greg Meckbach

Buying American commercial insurers is a “strategy that could prove rewarding” for Canadian insurance companies, executives from Toronto-based DBRS wrote in a report released Thursday. Expanding into the U.S. commercial space “requires significant resources,” wrote Stewart McIlwraith, senior vice president

News AppointmentsClaimsInsuranceMergers and AqcuisitionsProfessional Development

Sedgwick team to include Albert Poon following merger with Cunningham Lindsey

April 25, 2018 by Jason Contant

Albert Poon, most recently president of Cunningham Lindsey Canada, will remain a key part of the team following Sedgwick Claims Management Services’ recent acquisition of Cunningham Lindsey, the president of the combined business operations in Canada told Canadian Underwriter Wednesday.

insPRESS AnnouncementsInsuranceMergers and Aqcuisitions

APRIL strengthens its foothold in Canada with the acquisition of Benecaid

April 23, 2018 April Group

LYON, FRANCE, April 23, 2018 /insPRESS/ – Active on the Canadian Property & Casualty market for over 10 years, the APRIL group continues to export its expertise abroad via the acquisition of Benecaid, a managing general underwriter and third party administrator

News AppointmentsInsuranceMergers and Aqcuisitions

Michael Holden named president of Canadian operations following Sedgwick-Cunningham merger

April 18, 2018 by Jason Contant

Two days after Sedgwick Claims Management Services Inc. announced that it had completed its acquisition of Cunningham Lindsey, Sedgwick announced that Michael Holden will serve as president of its combined business operations in Canada. Holden has led Sedgwick and subsidiary

News AnnouncementsClaimsMergers and Aqcuisitions

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