Canadian Underwriter

Topic
Mergers and Aqcuisitions


News InsuranceLegislation / RegulationMergers and Aqcuisitions

P&C mutuals line up against demutualization

December 15, 2017 by Canadian Underwriter

Two years after Economical left the gate on the track to demutualization, the Waterloo, Ont.-based mutual insurer appears to be the lone horse among its industry peers. Four Canadian life insurers demutualized in 1999-2000 but regulations allowing mutual property and

News InsuranceMergers and AqcuisitionsTechnology

Octo completes acquisition of Willis Towers Watson’s UBI assets

December 11, 2017 David Gambrill, Editor-in-Chief

Octo Telematics, a global provider of telematics for the auto insurance industry, has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson. Octo’s acquisition includes Willis Towers Watson’s DriveAbility solution and the DriveAbility Marketplace. Geoff Werner

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Hyperion deal shows pension fund to be bullish on insurance

December 7, 2017 by Canadian Underwriter

With its fourth major insurance acquisition in 18 months, the manager of Quebec’s public pension funds was looking for exposure to markets in Asia and Latin America, a Caisse de dépôt et placement du Québec spokesman told Canadian Underwriter Wednesday.

News InsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

Dispute over brokerage sale could have sent “commercial law sideways”

December 7, 2017 by Canadian Underwriter

In a case that would “have had the potential to send the practice of commercial law sideways,” Manitoba’s Court of Appeal has reversed a lower court’s $10 million-decision against Western Financial Group over a disputed share price valuation related to

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

The story behind Quebec merger of two independent brokerages

December 6, 2017 David Gambrill, Editor-in-Chief

Quebec independent brokerage Fort Financial Group Inc. has acquired Montreal based Assurances ABZ, a property and casualty insurance company specializing in group benefits and serving business owners and executives. Fundamentally, the move is an example of an independent broker finding

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Acquisition expands brokerage’s footprint in Ontario

December 4, 2017 Jason Contant, Online Editor

McDougall Insurance & Financial is expanding its horizons, with its sights set on areas outside of its typical eastern Ontario operating range. The Belleville, Ont.-based brokerage announced on Friday that it had merged with Mink Insurance Services in Midland, Ont.,

News Markets / CoveragesMergers and Aqcuisitions

CPPIB buying 30% interest in BGL Group for $1.1 billion

November 24, 2017 The Canadian Press (CPSTF)

TORONTO – The Canada Pension Plan Investment Board has signed a $1.1-billion deal to acquire a 30 per cent stake in BGL Group, a digital distributor of insurance and financial services. BGL Group’s brands include Comparethemarket.com, LesFurets.com and online life

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Global M&A: How does Canada compare?

November 14, 2017 by Canadian Underwriter

Fewer insurance merger and acquisition (M&A) deals are being completed in the global insurance industry, but Canadian M&A does not appear to be following the global decline. Global M&A volume sunk by 12.3% in the first half of 2017, although

insPRESS AnnouncementsAppointmentsAssociationsCatastrophesClaimsClimate ChangeConstructionEarnings / RatingsInsuranceLegalLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsProductsProfessional DevelopmentReinsuranceTechnology

New Editor-in-Chief for Canadian Underwriter as veteran journalist David Gambrill returns

November 13, 2017 Canadian Underwriter

TORONTO, Nov. 13, 2017 /insPRESS/ – Newcom Business Media Inc. is pleased to announce the appointment of David Gambrill as Editor-in-Chief of Canadian Underwriter. “David is an award-winning writer and editor who’s arguably Canada’s most experienced and knowledgeable insurance journalist,”

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Navacord welcomes Toole Peet Insurance of Calgary as new broker partner

November 9, 2017 by Canadian Underwriter

Navacord Inc. is welcoming its new broker partner, Calgary-based brokerage Toole Peet Insurance. The partnership expands Navacord’s connections “even further with entrepreneurial insurance brokers across Canada,” the insurance and risk management brokerage said in a press release on Nov. 3.

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Canadian M&A ahead of last year as private equity, outbound deal activity increases through Q3: PwC Canada

November 8, 2017 Jason Contant, Online Editor

The number of Canadian mergers and acquisitions (M&A) through the third quarter of this year increased to 1,879 from 1,522 during the same period in 2016, according to PwC Canada’s first Deals report, released on Monday. A PwC Canada spokesperson

News InsuranceMergers and Aqcuisitions

Wawanesa subsidiary acquires Western Financial Group

November 5, 2017 by Canadian Underwriter

Trimont Financial Ltd., a subsidiary of the Wawanesa Mutual Insurance Company, announced on Wednesday the formal closing of its previously announced agreement to purchase Western Financial Group and Western Life Assurance (collectively “Western”) from Desjardins Financial Corporation, a Desjardins Group