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Mergers and Aqcuisitions


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Two factors prompting HUB’s latest Canadian acquisition

March 12, 2018 by Jason Contant

Location and farming expertise played into HUB International Limited’s acquisition of a Manitoba brokerage recently. The global insurance brokerage announced Wednesday it has acquired the shares of Desilets Insurance Brokers Ltd. Desilets Insurance will become part of Hub Manitoba. “This

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ClaimsPro/IndemniPro Strengthens its Quebec Coverage with the Acquisition of Dubuc, Lessard et Associés and Steve Foster Expertises Inc.

March 12, 2018 by SCM Insurance Services

MONTREAL, March 12, 2018 /insPRESS/ – ClaimsPro/IndemniPro today announced that it has acquired two of Quebec’s leading loss adjusting firms, Dubuc, Lessard et Associés and Steve Foster Expertises Inc. Dubuc, Lessard et Associés and Steve Foster Expertises Inc. have been

News InsuranceMergers and Aqcuisitions

Economical Insurance aims to ‘participate in acquisitions’

March 8, 2018 by Greg Meckbach

If Economical Insurance demutualizes and becomes traded on the stock market, it will be looking for other insurers to acquire, CEO Rowan Saunders told Canadian Underwriter Wednesday. “Part of the rationale” of going through demutualization is to raise money from

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XL Catlin Canada part of AXA’s $15.3-billion acquisition of XL Group

March 5, 2018 by David Gambrill

The AXA Group, based in France, has entered into a $15.3-billion agreement to acquire 100% of XL Group Ltd., which includes Canadian subsidiary XL Catlin Canada. The merger agreement, expected to close in the second half of 2018, has been

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Canada’s future M&A battleground: tech acquisitions

February 27, 2018 by Jason Contant

Natural resource industries still drive most Canadian mergers and acquisitions, but the financial services, technology and consumer industries are also expected to see a lot of M&A activity as the economy evolves, according to a new report. And one important

News InsuranceMergers and Aqcuisitions

Want to acquire an MGA? Here’s what you can expect to pay (and why)

February 21, 2018 by Jason Contant

Brokers or managing general agents (MGA) looking to buy another MGA could be looking at multiples of four times commission just to be able to compete with insurers looking to make the same purchase, industry analysts say. Philip Heywood, partner

News InsuranceMergers and Aqcuisitions

“We really don’t need to buy another company:” Fairfax CEO

February 21, 2018 by Greg Meckbach

Seven months after buying the majority of Allied World Assurance Company Holdings AG, Toronto-based Fairfax Financial Holdings Ltd. does not have any immediate plans to buy more insurance companies for the time being. “We really don’t need to buy another

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.

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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.

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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

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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