Canadian Underwriter

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Mergers and Aqcuisitions


News BrokersInsuranceMergers and Aqcuisitions

Behind this brokerage’s plan to build a “best-in-class” employee benefits platform

May 15, 2018 by Jason Contant

Hub International’s recent acquisition of a brokerage in Quebec is part of its plan to built a “best-in-class” employee benefits platform for Canada, a spokesperson for the Chicago-based global brokerage told Canadian Underwriter Monday. On May 7, Hub International acquired

News InsuranceMergers and Aqcuisitions

How Economical plans to remain independent after demutualization

May 9, 2018 by Greg Meckbach

If Economical Insurance becomes publicly-traded on the stock exchange, it could eventually be acquired, but company officials have no intention of making Economical an easy acquisition target. “We certainly made a determination a long time ago that we were not

News BrokersInsuranceMarkets / CoveragesMergers and Aqcuisitions

Hub acquires Quebec benefits brokerage

May 9, 2018 by Jason Contant

Hub International has acquired the shares of a Quebec benefits brokerage, a move designed to strengthen benefits and retirement offerings throughout Canada. The Chicago-based global insurance brokerage reported on May 7 that it acquired the shares of Les Avantages Sociaux

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