Canadian Underwriter

Topic Mergers and Aqcuisitions

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Behind the scenes of Hub’s latest Canadian acquisition

November 6, 2023 by Jason Contant

In a bid to shore up its personal and commercial insurance capabilities, Hub International Limited has acquired the assets of Quebec-based D’Onofrio Insurance Inc. Located in Laval, Que., D’Onofrio Insurance is an independent brokerage offering personal and commercial insurance to

Talent acquisition concept
News InsurersMergers and Aqcuisitions

International actuarial firm acquires MSA Research

November 2, 2023 by David Gambrill

Valani Global, an actuarial modeling and financial reporting firm with operations in Canada and the United States, has acquired MSA Research, a Canadian analytical research firm specializing in the insurance industry. Terms of the deal were not disclosed. “This acquisition

Merger and acquisition business concept
News BrokersMergers and AqcuisitionsOntario

McFarlan Rowlands acquires two brokerages

November 1, 2023 by Alyssa DiSabatino

McFarlan Rowlands Insurance Brokers Inc. today announced the acquisition of McConville Omni Insurance Brokers Ltd. and T.G. Colley & Sons Ltd.  These acquisitions enable McFarlan Rowlands to expand in the southwestern Ontario region, the brokerage said in a release.  

M&A concept
News BrokersInsurersManagementMergers and AqcuisitionsOntarioOperations

Why McFarlan Rowlands decided to sell

October 27, 2023 by Alyssa DiSabatino

A desire for scale, coupled with a rapid succession of shareholder retirements, compelled McFarlan Rowlands to sell to a subsidiary of Definity earlier this year, a senior exec told the Insurance Brokers’ Association of Ontario’s annual convention in Toronto.  

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Accelerant scoops up Omega Insurance Holdings

October 27, 2023 by David Gambrill

Accelerant Holdings U.K. Ltd. has officially entered the Canadian property and casualty insurance market, closing the deal to acquire Omega Insurance Holdings Inc. from Till Capital Corporation. Accelerant will pay Till Capital approximately $13 million Cdn in exchange for all

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News BrokersInsurersMergers and Aqcuisitions

Why a large-scale brokerage merger may be on tap in 2024

October 20, 2023 by Alyssa DiSabatino

The persistent pace of M&A activity in 2023 will remain undaunted in the new year, and as activity hastens, the industry can expect organic growth to be challenged, one expert shared during a recent broker convention.  “I wouldn’t be surprised

Pressing the 'buy' key to represent purchase of an insurance brokerage
News BrokersMergers and AqcuisitionsTrusted Advisor

How higher interest rates and inflation affect brokerage M&A

October 19, 2023 by Jason Contant

Financial institutions, more often than not, have surplus capital. “To satisfy their shareholders, either they need to invest that capital or buy into businesses so they can have a return,” notes Suzanne Pountney, president of Insurance Brokers Association of Ontario

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News BrokersMergers and Aqcuisitions

What consolidators look at before buying a brokerage

October 16, 2023 by Jason Contant

Buyers of Canadian P&C brokerages are becoming more selective in their M&A targets, with an increased focus on future profitability, Vancouver-based advisory firm Smythe LLP told Canadian Underwriter. Purchasers are still quoting high revenue multiples and prices aren’t necessarily decreasing,

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The driving factor behind Navacord’s mergers

October 13, 2023 by Alyssa DiSabatino

Fresh from completing three mergers this month, Navacord president and CEO Shawn DeSantis tells Canadian Underwriter the company is working to expand its geographic presence and build national scale.  In British Columbia, Navacord announced its latest deal with Harbord Insurance

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BrokerLink completes largest Alberta acquisition to date

October 12, 2023 by Jason Contant

BrokerLink has completed its largest acquisition to date in Alberta with the purchase of Alpine Insurance Inc., the brokerage announced Wednesday. The brokerage also acquired Ontario-based Eagen Insurance Brokers Inc. Both deals were effective Oct. 1. “Alpine Insurance marks BrokerLink’s

Brokerage merger concept
News BrokersCommercialMergers and AqcuisitionsOntarioPersonal AutoPersonal Home

Westland grows with Ontario brokerage acquisition

October 11, 2023 by Jason Contant

Westland has expanded in Ontario with the acquisition of family-owned brokerage David H. Coons Insurance Brokers Ltd. With roots tracing back to 1966, David H. Coons Insurance offers home, auto, commercial and travel insurance from its Burlington, Ont. office. The

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News B.C.BrokersMergers and Aqcuisitions

Next up in Navacord’s merging spree

October 10, 2023 by Alyssa DiSabatino

Navacord brokerages Allwest Insurance and Waypoint Insurance Inc. will be merging under the Waypoint banner, effective Nov. 1.   The two B.C. brokerages are joining forces to combine the strengths and expertises of both companies, Navacord said in a press