Canadian Underwriter

Topic Mergers and Aqcuisitions

News BrokersCommercialEmerging RisksMergers and AqcuisitionsOperations

This blockbuster global brokerage merger goes to vote Aug. 26

August 24, 2020 by Greg Meckbach

The industry will be closer to finding out whether the second and third-biggest global P&C brokerages will merge after shareholders of both Willis Towers Watson plc and Aon plc vote on Wednesday. Aon and Willis announced this past March that

News BrokersManagementMergers and AqcuisitionsOperationsPersonal AutoPersonal Home

What Intact is telling competitors who distribute through BrokerLink

August 17, 2020 by Greg Meckbach

Intact CEO Charles Brindamour is assuring his competitors that they are not at a competitive disadvantage with Intact should they distribute their insurance through Intact Financial Corp.’s BrokerLink brokerage unit. “Our strategy is not to get the brokerage business to

News AlbertaBrokersManagementMergers and AqcuisitionsNew BrunswickNewfoundland & LabradorNova ScotiaOntario

Why this BrokerLink exec thinks COVID could accelerate brokerage M&A

August 12, 2020 by David Gambrill

Before the pandemic, hard market conditions and the increasing digitization of brokerages were already reasons for some broker principals to ponder selling the business and moving on, but the novel coronavirus may have further accelerated the pace of M&A, says

News B.C.BrokersManagementMergers and AqcuisitionsMGAsOntarioQuebec

U.S. wholesale broker expands into Canada with acquisition of SUM

August 11, 2020 by Jason Contant

A United States-based national wholesale insurance broker has acquired Strategic Underwriting Managers, Inc. (SUM), a Canadian managing general agency for property, casualty and other specialty insurance products. Boston-headquartered wholesale broker, program manager, and insurance aggregator One80 Intermediaries announced the acquisition

News AlbertaBrokersMergers and AqcuisitionsNew BrunswickNova ScotiaOntario

BrokerLink closes nine brokerage acquisitions across the country

August 11, 2020 by David Gambrill

BrokerLink announced Tuesday the closing of nine acquisitions to date for 2020, including the acquisition of brokerages in Alberta, Ontario, Nova Scotia and New Brunswick. BrokerLink, a subsidiary of Intact Financial Corporation, continues to look to the future to carry

News AlbertaBrokersMergers and Aqcuisitions

The link between the Edmonton Oilers and Arthur J. Gallagher’s latest acquisition

August 5, 2020 by David Gambrill

Arthur J. Gallagher & Co. has acquired Edmonton, Alta.-based Insight Insurance & Risk Management Ltd., the official insurance brokerage of NHL hockey’s Edmonton Oilers. Founded in 2013 by CEO Alexis Harke, Insight is a retail insurance broker serving clients throughout

News BrokersCommercialConstructionCyberEmerging RisksMergers and AqcuisitionsRisk ManagersTrending

How Aon and Willis are progressing on proposed merger

August 4, 2020 by Greg Meckbach

The acquisition of Willis Towers Watson plc by Aon plc is on track to close in less than a year as Aon officials don’t seem concerned the deal will be blocked by competition regulators. “We are exactly on track with

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsClaims TechnologyMergers and Aqcuisitions

Claims tech vendor faces possible hostile takeover

July 13, 2020 by Greg Meckbach

A hostile takeover of Canadian claims software vendor Symbility’s corporate parent could be in the works. CoreLogic Inc. announced last week its board of directors is rejecting a takeover offer from Senator Investment Group LP and Cannae Holdings Inc., which

News BrokersManagementMergers and AqcuisitionsNew BrunswickNova ScotiaOperationsP.E.I.

Navacord expands east into three more provinces

July 7, 2020 by Greg Meckbach

With four new partnerships announced July 6, commercial brokerage Navacord now has offices in Prince Edward Island, Nova Scotia and New Brunswick. “We are now coast to coast,” Navacord executive chairman T. Marshall Sadd said Monday in an interview. Cooke

News BrokersInsurersManagementMergers and AqcuisitionsOperationsTrending

Here’s how P&C pros say the recession will impact insurance

June 26, 2020 by Adam Malik

The recession will be long and painful so brokers and insurers need to settle in and do what they do best, property and casualty experts said. And don’t be surprised if some mergers and acquisitions activity push forward as tough

News BrokersManitobaMergers and AqcuisitionsSaskatchewan

Andrew Agencies buys Saskatoon brokerage with two offices

June 16, 2020 by Greg Meckbach

Saskatoon Insurance Agencies, which places home, auto, commercial and farm coverage, has been acquired by Andrew Agencies Ltd. effective June 1. Based in the Manitoba community of Virden, about 80 kilometres west of Brandon, Andrew now has 20 offices in

News Mergers and AqcuisitionsQuebec

Post-merger, new name awaits Canada’s third-largest P&C mutual

June 4, 2020 by Greg Meckbach

La Capitale and SSQ Insurance are expected to merge July 1 to form Canada’s largest mutual insurer, Quebec City-based La Capitale Insurance and Financial Services said Thursday. “The name of the new company will be announced in the next few