Canadian Underwriter

Topic
Mergers and Aqcuisitions


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

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

2 key concerns for brokers in 2018

January 4, 2018 by Jason Contant

Merger activity and technology are two major issues facing brokers looking forward into 2018, says the new Insurance Brokers Association of Ontario (IBAO) president Brian Purcell. Purcell talked to Canadian Underwriter shortly after beginning his new role as IBAO president

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Totten buys online brokerage

January 4, 2018 by Canadian Underwriter

Managing general agency Totten Insurance Group has acquired Windsor, Ont.-based EasyInsure, which offers quotes for both commercial and personal insurance online. Toronto-based Totten intends to use EasyInsure’s “digital capabilities to better support [Totten’s] current and future clients,” said Hub International

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

McDougall Insurance discusses latest merger

January 3, 2018 by Jason Contant

McDougall Insurance & Financial is merging with Worden Insurance & Financial Services, a 13-employee brokerage operating out of Oshawa. Based in Belleville, Ont., McDougall Insurance & Financial is looking to extend its footprint in Ontario’s Durham region with its latest

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Management buyout features Canadian broker tech guru

January 2, 2018 by Canadian Underwriter

Pat Durepos, a well-known Canadian broker in the insurance tech space, is a key figure in a management buyout at Hubio Exchange, the Canadian division of Hubio Exchange has announced. Hubio Exchange has provided industry tech solutions to Canadian insurers

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

Why U.S. brokerage made its first Canadian P&C acquisition

December 20, 2017 Jason Contant, Online Editor

Dalton Timmis Insurance Group’s technological capabilities and its “unique abilities” in motorcycle and transportation insurance were among the factors that made it an ideal acquisition target for U.S. brokerage NFP Corp., the president of NFP in Canada said Wednesday. Marty