Canadian Underwriter

Topic Mergers and Aqcuisitions

Improved financial results
News InsurersLoss TrendsMergers and AqcuisitionsOperations

Why Intact beat its own expectations in recent quarters

February 9, 2022 by Jason Contant

Intact Financial Corporation expects its combined ratio to marginally improve in Canada as it continues to beat its own financial result expectations, the insurer’s chief financial officer says during an earnings call. Canada’s largest insurer saw operating direct premiums written

Jigsaw puzzle pieces standing on end
News BrokersCommercialMergers and AqcuisitionsOntarioPersonal Auto

Westland’s newest brokerage acquisition

February 3, 2022 by Canadian Underwriter Staff

Westland Insurance Group has continued its expansion spree, today announcing acquisition of Campbell, Roy & Eldridge Insurance Services. Markham, Ont.-based Campbell, Roy & Eldridge offers a wide range of coverages, including home, condo, auto, RV, motorcycle, boat, watercraft, business, trucking

Concept of M&A integration
News InsurersLoss ControlLoss TrendsMergers and AqcuisitionsOperations

How Intact is faring with the RSA integration

February 3, 2022 by Jason Contant

Intact Financial Corporation’s integration of RSA plc is on track, with earnings slightly better than originally anticipated, the insurer’s chief executive officer reports. The deal increases Intact’s specialty lines presence in North America by close to 30%, Intact Financial Corporation

Handshake following an acquisition
News BrokersManagementMergers and AqcuisitionsOperations

Canada’s most popular brokerage M&A models

January 24, 2022 by Jason Contant

Private equity-backed brokerages that acquire 100% of a brokerage and then offer the ability to roll over some equity continue to be Canada’s most popular M&A model, but others are gaining traction, a P&C transaction advisor says. “While obtaining markets

Investment business report
News BrokersLegalLicensingManagementMergers and AqcuisitionsOperations

Looking to sell your brokerage? Here’s what to ask yourself first

January 21, 2022 by Jason Contant

When it comes to selling your brokerage, timing is everything. Principals considering selling their brokerage should always ask themselves when is the best time to exit in terms of career and family situation, and then work backwards to plan from

Close-up Of King Chess Pieces On Wooden Blocks That Read Mergers And Acquisitions
News BrokersMergers and Aqcuisitions

Inside Westland’s expansion strategy

January 14, 2022 by Alyssa DiSabatino

Westland Insurance has expanded its partnership with Blackstone Credit, which will be investing $250 million towards Westland’s acquisition strategy. And where will this M&A strategy focus next? “Our ambitions are to continue to grow, expand, to serve as many communities

News BrokersMergers and Aqcuisitions

Westland’s M&A war chest expands

January 12, 2022 by Alyssa DiSabatino

Westland Insurance Group Ltd., a property and casualty insurance brokerage, has expanded its war chest for mergers and acquisitions, thanks to its partnership with asset manager Blackstone Credit.  Blackstone will be investing an additional $250 million towards Westland’s growth, the

News Mergers and Aqcuisitions

Top 5 Canadian brokerage just got bigger

January 10, 2022 by Alyssa DiSabatino

Navacord Corp. has just partnered with Group Lockhart Inc., PGI Financial, and Maritime Group Benefits.   Navacord’s brokerages offer commercial and personal insurance, surety, employee benefits, and retirement consulting. Ontario-based Group Lockhart Inc. and PGI Financial specialize in local small- to

News AlbertaBrokersCommercialCommercial AutoMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal Home

Westland acquires brokerages in Ontario, Alberta

January 7, 2022 by Jason Contant

Westland Insurance has announced its first brokerage acquisitions of 2022 — Bunnell Hitchon Insurance Brokers in Ontario, and Rigby Insurance in Alberta. Bunnell Hitchon, in Brantford and Milton, Ont., was founded in 1890 and offers a wide range of personal

Office workstation top view with businesspeople working around M&A
News BrokersMergers and AqcuisitionsMGAs

Merger expands StoneRidge brokerage in Ontario

December 16, 2021 by Greg Meckbach

StoneRidge Insurance Brokers has acquired John Stark & Company, a brokerage with offices in Barrie and Coldwater, Ont. Headquartered in the community of Ancaster, west of Hamilton, StoneRidge has more than 30 Ontario offices including Toronto, St. Catharines, London, Newmarket, Atikokan,

News CommercialInsurersLiabilityMergers and AqcuisitionsOperations

Fast pace of private equity investments means more insurance placements for portfolio companies

December 14, 2021 by Jason Contant

Speed can equal success when a private equity firm is looking to acquire a company. But the rush to close a deal can also mean insurance gets put on the back burner. A private equity firm often buys a controlling

News AlbertaBrokersCommercialManitobaMergers and AqcuisitionsOperationsPersonal AutoPersonal HomeSaskatchewan

Westland’s acquisition spree continues

December 10, 2021 by Jason Contant

Large independent Canadian-owned brokerage Westland Insurance Group Ltd. continues its acquisitions of western Canadian brokerages with the purchase of Reider Insurance.  Westland announced Dec. 7 the acquisition of Reider Insurance in Winnipeg. It follows the acquisitions of Church Eaton Insurance of Calgary and