Canadian Underwriter

Topic Mergers and Aqcuisitions

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Why private equity firms should partner with just one insurer

October 14, 2021 by Jason Contant

Private equity firms should consider partnering with one carrier who is able to handle multiple lines of insurance for both the private equity firm and its portfolio companies, a mutual insurer told Canadian Underwriter. “We’ve seen benefits of having the

News AlbertaBrokersCommercial AutoConstructionManagementMergers and AqcuisitionsOntarioPersonal AutoPersonal HomeQuebec

The latest acquisitions from Westland and Hub

October 7, 2021 by Jason Contant

Large brokerages Westland Insurance Group Ltd. and Hub International Limited have both announced recent mergers and acquisitions activity. On Tuesday, Surrey, B.C.-headquartered Westland said it had acquired personal and commercial lines brokerage Insurance Unlimited in Mississauga, Ont. The following day,

News BrokersMergers and AqcuisitionsOperationsTechnology

Mass personalization can enhance customer experience: PwC Canada

October 5, 2021 by Canadian Underwriter Staff

Accelerated digitization continues to drive strong M&A activity in P&C, with brokerages that prioritize the customer in their digitization strategies more likely to succeed. “Understanding the customer and how to change the customer experience will be the key differentiator for

News BrokersMergers and Aqcuisitions

Collectivfide acquires Brockville, Ontario brokerage

October 4, 2021 by Greg Meckbach

Collectivfide Insurance Group Inc. announced Oct. 1 it has acquired a majority stake in Brockville, Ont.-based brokerage W.C. Burgess Insurance Services Ltd. Formed in 2019, Cambridge, Ont.-based Collectivfide’s shareholders represent mutual insurance companies in Ontario and across Canada. Originally founded

News ClaimsClaims Canada ArchiveInsurersLoss TrendsMergers and Aqcuisitions

PACICC unpacks industry-wide P&C financial results

September 30, 2021 by Greg Meckbach

The industry made a record profit in homeowners’ insurance and overall premiums are up, but 20 Canadian insurers are losing money while dozens recently lost market share, an economist with Property and Casualty Insurance Compensation Corporation observes. “The healthy insurance

News CommercialMergers and AqcuisitionsOperationsTechnology

Buy or build: What surveyed Canadian businesses prefer

September 29, 2021 by Jason Contant

Small- and medium-sized enterprises (SME) surveyed by KPMG Canada have identified organic growth as a top strategy, followed by digital technology investments.  Of the 505 respondents to KPMG’s Business Outlook Poll, nearly three-quarters (71%) identified organic growth as a top

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News BrokersMergers and AqcuisitionsTechnology

Strong M&A activity driven by massive push for scale, digitization: PwC Canada

September 27, 2021 by Canadian Underwriter Staff

The race to achieve scale, connect digitally with customers and realize synergies are driving continued strong M&A activity in P&C insurance, a recent PricewaterhouseCoopers (PwC) Canada report suggests. Valuations remain at “historic highs” for insurance brokers and MGAs, bringing new

News InsurersMergers and Aqcuisitions

Biggest insurers will soon control more of the market: A.M. Best

September 16, 2021 by Greg Meckbach

Canada’s Top 5 property and casualty insurers control nearly half the market, with the largest increasing their market share further, an A.M. Best Company analyst said Wednesday. About two-thirds of direct premiums written, in Canadian P&C insurance, are controlled by

News BrokersCommercialMergers and Aqcuisitions

Westland announces third acquisition in one-week period

September 15, 2021 by Jason Contant

Westland Insurance Group Ltd. has announced the acquisition of Tredd Insurance Brokers in Toronto and Calgary, one week after it acquired two other brokerages in Alberta. Tredd Insurance offers commercial insurance, with specialties including but not limited to transportation, oil

looking up car insurance rates on a laptop
News Commercial AutoMergers and AqcuisitionsPersonal AutoPersonal Home

RATESDOTCA acquires LowestRates.ca

September 14, 2021 by Jason Contant

Editor’s Note: This story has been updated to include information from RATESDOTCA.   Rate comparison site RATESDOTCA has acquired fellow aggregator LowestRates.ca. LowestRates.ca will continue to operate as a separate site and independent source of financial services information and rates,

News BrokersCommercialInsurersMergers and AqcuisitionsMGAs

Why and where Intact wants to buy more MGAs

September 12, 2021 by Greg Meckbach

Don’t be surprised if Intact Financial Corp. buys managing general agents in the United States who place commercial specialty insurance. “We think there is a big opportunity at the MGA level. We are still focused on that,” Intact CEO Charles

News AlbertaBrokersCommercialMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal Home

New M&A deals involve Westland, Armour Group

September 9, 2021 by Jason Contant

After a brief lull in mergers and acquisitions activity, the Canadian P&C insurance space has seen a surge in recent announcements. Large Canadian-owned brokerage Westland Insurance Group Ltd. said on Tuesday it had acquired two Alberta brokerages: Riverstone Insurance in