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Mergers and Aqcuisitions


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Quebec’s largest brokerage grows with latest acquisition

June 14, 2019 by Jason Contant

Large Quebec brokerage Lussier Dale Parizeau has acquired the assets of Petrela, Murray, LeBlanc Inc., another brokerage in the province. With the acquisition, Lussier Dale Parizeau now totals $475 million in premium volume, the brokerage said in a press release

News InsuranceMergers and Aqcuisitions

Quebec’s third biggest P&C insurer working on merger

June 13, 2019 by Greg Meckbach

La Capitale General Insurance and LEDOR Assurances could combine if a plan announced Wednesday is approved by regulators. The two property and casualty insurers “have embarked on an initiative to amalgamate,” Quebec City-based La Capitale Insurance and Financial Services said

News Mergers and Aqcuisitions

Will a hard market fuel or stall M&A?

June 11, 2019 by Adam Malik

Mergers and acquisitions during a hard market are likely to play out differently depending on whether you’re looking at things as a broker or a carrier. On one side, a hard market may be the fuel to keep the fire

News BrokersMergers and Aqcuisitions

Brokerage makes third acquisition in Ontario

June 10, 2019 by Jason Contant

Alberta-based brokerage Western Financial Group is continuing its strategic expansion into Ontario with its third brokerage acquisition in the province. High River, Alta-headquartered Western acquired EGM Insurance Group effective May 31, Western said in a press release last week. Based

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Another small-town Saskatchewan brokerage gets bought by large U.S. firm

June 4, 2019 by Greg Meckbach

Hub International Ltd. has bought its second Saskatchewan property and casualty insurance brokerage in less than a month. Chicago-based Hub said Tuesday it has acquired Kamsack-based Cottenie and Gardner Inc. Kamsack is a town of about 1,800, situated near the

News InsuranceMergers and Aqcuisitions

Regulator greenlights Echelon Insurance acquisition

May 31, 2019 by Greg Meckbach

A $166-million deal aimed at getting CAA Insurance some new non-standard auto customers is a done deal. CAA Club Group’s acquisition of Echelon Insurance got final regulatory approval, Echelon Financial Holdings Inc. announced Thursday. The deal officially closed on May

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BrokerLink makes third acquisition in May

May 31, 2019 by Jason Contant

BrokerLink has made its third acquisition in May with the purchase of Alberta independent insurance brokerage Thomson Schindle Green Insurance & Financial Services Ltd. (TSG). With branches in Medicine Hat, Calgary, Brooks, Bassano and Edmonton, TSG has been providing insurance

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SGI CANADA and CSSI Announce Real-Time Data Exchange Launch

May 30, 2019 by rosemary

Regina, SK and Virden, MB, May 27, 2019/InsPress/ –  SGI CANADA and Custom Software Solutions Inc. (CSSI) are pleased to announce they are piloting integrated rating and real-time new business submission and issuance for personal lines property with brokers in

News BrokersInsuranceMergers and Aqcuisitions

This brokerage is the latest to get into employee benefits

May 24, 2019 by Jason Contant

A family-owned brokerage in New Brunswick has become the latest brokerage to get into the employee benefits space. Personal and commercial lines brokerage Vienneau Insurance announced earlier this week that it has expanded its commercial insurance offering by acquiring the

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Is there culture after an acquisition?

May 23, 2019 by Adam Malik

A question posed at a recent event asked how many of the approximately 30 people in the room had ever been part of an acquisition or merger. Almost every hand went up. It seems just about every broker has been

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BFL Canada acquires B.C. brokerage

May 15, 2019 by Jason Contant

Large commercial brokerage BFL Canada announced Tuesday the acquisition of British Columbia-based Summit Insurance Brokers Inc. Summit, based in Prince George, was founded in the late 1990s and brings expertise in industrial, commercial and farm risks to BFL Canada. Summit

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Desjardins exec explores intricacies of State Farm acquisition

May 10, 2019 by Adam Malik

A merger between two direct carriers may seem simple enough, but stumbling blocks can quickly appear once you peel back the layers. It’s a lesson Desjardins learned during its acquisition of State Farm. Things you don’t think about come to