Canadian Underwriter

Topic Mergers and Aqcuisitions

News BrokersCommercialMergers and Aqcuisitions

How Aon’s proposed takeover of Willis Towers Watson is going

February 8, 2021 by Greg Meckbach

Aon plc has yet to complete its proposed acquisition of Willis Towers Watson plc, but the future management team of the combined brokerage is already starting to collaborate, Aon CEO Greg Case suggested last week. Shareholders of both Aon and

News Emerging RisksMergers and AqcuisitionsMGAs

Why there is very little MGA consolidation

February 8, 2021 by Jason Contant

Managing general agencies (MGAs) in Canada are currently engaging in very little mergers and acquisitions activity among themselves because the market is still growing organically and is less mature than in other countries, the managing director of the national MGA

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Deal Tracker: The latest in brokerage M&A

February 4, 2021 by Jason Contant

The number of mergers and acquisitions in the Canadian P&C insurance space (mostly involving brokerages) has hit double digits already this year, with two large brokerages contributing to the latest round of deal-making. Hub International announced Tuesday that it had

News CommercialCyberMergers and AqcuisitionsTechnology

Sontiq announces agreement to acquire CyberScout

February 2, 2021 by Jason Contant

High-tech security and identity protection company Sontiq announced Tuesday it had signed a definitive agreement to acquire CyberScout, a major provider of cyber products and services tailored to the insurance industry. “Through Sontiq’s comprehensive product portfolio, major insurance carriers, mutual

News BrokersMergers and AqcuisitionsOntarioQuebec

The latest in brokerage deal-making

January 20, 2021 by Jason Contant

Brokerage NFP has expanded its property and casualty brokerage presence in Ontario with the acquisition of EdgeHill Insurance Brokers Ltd. The deal is the latest mergers and acquisitions news in the Canadian P&C space. Also in the news, Canadian Broker

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RSA shareholders approve Intact-Tryg takeover

January 18, 2021 by Greg Meckbach

Intact Financial Corp.’s proposed takeover of RSA Canada has crossed two additional hurdles. The deal was approved Monday by a majority of shareholders of London-based RSA, Intact said in a release. Canada’s federal competition bureau has also approved the deal,

News InsurersMergers and AqcuisitionsNova ScotiaOntario

Heartland Farm Mutual proposes merger with The Kings Mutual

January 18, 2021 by Jason Contant

Heartland Farm Mutual Inc. and The Kings Mutual Insurance Company have reached an agreement to merge under the name Heartland Farm Mutual Inc. Waterloo, Ont.-based Heartland Farm Mutual and Berwick, N.S.-based The Kings Mutual Insurance Company announced the proposed merger

News AlbertaB.C.BrokersMergers and AqcuisitionsNova ScotiaOntarioOperationsQuebec

The role of digital transformation in Westland’s acquisition strategy

January 14, 2021 by Jason Contant

Expanded opportunities for digital transformation are one of the key reasons behind Westland Insurance Group Ltd.’s recent acquisition of Storm Insurance Group, Westland told Canadian Underwriter Tuesday. British Columbia-based Westland closed its acquisition of Storm Jan. 7. Storm operates under

News B.C.BrokersCommercialMergers and AqcuisitionsNew BrunswickNova ScotiaOperationsPersonal AutoPersonal HomeQuebec

Brokerage M&A off to a strong start in 2021

January 7, 2021 by Jason Contant

Large Canadian brokerage Westland Insurance Group Ltd. now has a coast-to-coast presence with its acquisition of Storm Insurance Group, which has offices in Nova Scotia and Quebec. The deal, which closed Wednesday, is one of three acquisitions closed or announced

Feature EditorialMergers and Aqcuisitions

Deal or No Deal?

December 16, 2020 by David Gambrill, Editor in Chief

Intact makes a splash with its intention to buy not only RSA Canada, but its parent company in Europe

News B.C.BrokersCommercialMergers and AqcuisitionsOntarioQuebecSaskatchewan

The latest M&A news from BFL, NFP and Hub

December 11, 2020 by Jason Contant

A year-and-a-half after large commercial brokerage BFL Canada acquired Summit Insurance Brokers, the smaller British Columbia-based brokerage has officially been rebranded to BFL Canada Insurance Services Inc. “As of now, all the operations led in Central and Northern British Columbia

News BrokersEducationManagementMergers and AqcuisitionsOperations

COVID’s impact on brokerage M&A: Myth versus reality

December 10, 2020 by Greg Meckbach

The onset of the COVID-19 pandemic made it difficult to raise money from major banks to finance mergers and acquisitions, but well-run brokerages will still be attractive to buyers, suggests an expert in brokerage valuation. “When COVID hit, the banks