Canadian Underwriter

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Mergers and Aqcuisitions


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Opta acquires getClarity: linking property and risk data with consumer profiles

February 14, 2019 by David Gambrill

With its recent acquisition of getClarity, Opta Information Intelligence is expanding into the area of customer and prospect behaviour. Opta is Canada’s largest property data aggregator and a provider of risk intelligence and loss control services. Its solutions include iClarify

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Behind on your digital strategy? Three ways to catch up quickly

February 13, 2019 by Jason Contant

Merging with or buying digital firms, and cooperating with digital natives rather than trying to fight or resist them, can pay dividends for a majority of businesses, according to a blog published Tuesday by Harvard Business Review. The blog, 3 Digital

News BrokersMergers and Aqcuisitions

Hub continues expansion into employee benefits

February 12, 2019 by Greg Meckbach

Hub International Ltd. has bought another Canadian employee benefits operation. Chicago-based Hub announced Tuesday it has acquired the assets of Toronto-based Firstbrook Pointon Benefits Incorporated. Tuesday’s announcement comes a month after Hub acquired Vancouver-based TRG Group Benefits and Pensions Inc. Firstbrook

News BrokersMergers and Aqcuisitions

Intact’s appetite for cross-border mergers

February 8, 2019 by Greg Meckbach

Intact Financial Corp. is not ruling out the possibility of buying a commercial brokerage or managing general agent in the United States. “We are doing a lot of work to understand the opportunities in distribution in the U.S. and will

News InsuranceMergers and Aqcuisitions

Alberta insurance tech provider acquires Ontario specialty insurer

January 23, 2019 by David Gambrill

Besurance Corporation, a Calgary-based insurance and technology company, has agreed to acquire Fenchurch General Insurance Company, an Ontario-based specialty insurer that offers insurance programs across Canada. Specifically, Fenchurch provides programs in warranty, trucking, surety and accident and sickness. Its products

News InsuranceMergers and Aqcuisitions

Sale of Echelon Insurance to CAA gets shareholder approval

January 23, 2019 by Greg Meckbach

Non-standard auto insurer Echelon Insurance is a step closer to being acquired by The CAA Club Group of Companies. Shareholders of Echelon Financial Holdings Inc. voted Wednesday in favour of the $175 million deal, Echelon said in a release. In

News AdjustersMergers and Aqcuisitions

Where the claims industry stands on flexible workplace conditions

January 22, 2019 by Canadian Underwriter

Editor’s Note:  This version of the story clarifies that previous remarks attributed to Glen Hopkinson were not intended in any way to be interpreted as connected to the merger of AXA and XL Catlin. His remarks were intended to refer

News InsuranceMergers and Aqcuisitions

Major insurer ‘actively’ looking at insurance risk linked to M&A in Canada

January 21, 2019 by Greg Meckbach

Commercial brokers advising Canadian clients involved in mergers and acquisitions could soon have another market to which they could place transactional risk. The Travelers Companies Inc. announced Jan. 15 it plans to offer transactional risk insurance in the United States.

News InsuranceMergers and AqcuisitionsTechnology

What buyers look for in a brokerage

January 16, 2019 by Greg Meckbach

Information technology is one driving force behind mergers and acquisitions involving property and casualty insurance brokerages. Acquiring new products, talent and technology are among the reasons behind M&A activity in P&C insurance, said Georges Pigeon, a Montreal-based partner with KPMG’s

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What these brokerages bring to the table in Hub merger

January 15, 2019 by Greg Meckbach

A Quebec brokerage recently acquired by Hub International Ltd. brings expertise in construction and auto dealerships to the table. “Hub is already major player, if not one of the biggest brokers in Quebec,” Alain Giroux, executive vice president of Montreal

News BrokersMergers and Aqcuisitions

Hub buys Quebec commercial brokerage

January 10, 2019 by Greg Meckbach

Montreal commercial brokerage Forum Risques et Assurance Inc. has been acquired by Hub International Ltd., Chicago-based Hub announced Thursday. Forum Risques was founded in 2013 by François Jean and Alain Giroux. Its target markets include technology, manufacturing and construction. Jean

News BrokersInsuranceMergers and Aqcuisitions

McDougall merges with Barrie, Ontario brokerage

January 9, 2019 by Greg Meckbach

McDougall Insurance Brokers of Belleville, Ont. announced Tuesday it has merged with Barrie-based Dusome Insurance Brokers. The combined firm has 34 offices, including Kingston, Peterborough, Deep River, Pembroke, Orillia, Trenton, Cornwall and Oshawa. Dusome’s 11 employees will join McDougall as