Canadian Underwriter

Topic Mergers and Aqcuisitions

Piles of Canadian money representing investment in insurance capacity.
News CommercialCommercial AutoConstructionCyberInsurersMergers and AqcuisitionsOperations

How new sources of capital are changing (re)insurance

July 18, 2023 by Glenn McGillivray

Back in July 2004, I wrote an article for Canadian Underwriter called ‘Our own worst enemy,’ about the mechanics of the insurance cycle. The piece explained “cyclical rate peaks and valleys in (re)insurance [i.e., primary insurance and reinsurance] markets almost

Business team success and partnership
News AlbertaBrokersCommercialInsurersMergers and Aqcuisitions

Navacord broadens benefits practice with new acquisition

July 17, 2023 by Alyssa DiSabatino

Navacord has announced its acquisition of Belay Advisory, a benefits consulting and wealth advisory firm based in Alberta.  This deal follows the burgeoning trend of P&C firms expanding their offerings into the financial services realm, in order to become a one-stop

M&A concept
News AlbertaBrokersCommercialMergers and AqcuisitionsNew BrunswickOntarioPersonal AutoPersonal Home

Large Canadian brokerages announce latest M&A deals

July 13, 2023 by Jason Contant

Canadian P&C brokerage merger and acquisition activity continues to burn red-hot in the second half of 2023, with large brokerages BrokerLink and Acera Insurance announcing a combined three deals recently. BrokerLink acquired Ontario-based Donnell Insurance Brokers Ltd. and New Brunswick-based

Businessman in red suit fights large stepping foot to help his companions escape danger
News Emerging RisksInsurersManagementMergers and Aqcuisitions

Is the mutual insurance company model under threat?

July 11, 2023 by Alyssa DiSabatino

Mutuals were some of the first insurance companies to settle in Canada. But despite their longstanding history, there are existential threats that could “end the ability for mutual companies to participate in the market,” a mutual insurer executive said during

News BrokersEmerging RisksInsurersManagementMergers and Aqcuisitions

How consolidation is changing broker-insurer relationships

July 7, 2023 by Alyssa DiSabatino

Brokerage consolidation is changing how insurers interact with their broker partners, panellists said during the Insurance Brokers Association of B.C. (IBABC) AGM and Leader’s Conference in Whistler, B.C., last week.  The impact of consolidation is most acute for insurers who

Eric Walker, Collectivfide
News BrokersInsurersMergers and Aqcuisitions

Mutuals group Collectivfide appoints head of M&A

July 6, 2023 by David Gambrill

Collectivfide Insurance Group has appointed Eric Walker as its head of mergers and acquisitions (M&A). Formed in 2019, Collectivfide’s shareholders represent mutual insurance companies in Ontario and across Canada. The company is committed to protecting the independent broker distribution channel.

Picture of the canadian flag taken in front of a cold and blue business building.
News BrokersMergers and Aqcuisitions

What’s driving Navacord’s M&A growth strategy

June 30, 2023 by David Gambrill

Canada’s fourth-largest brokerage, Navacord, took another step Wednesday in building what it calls “The Great Canadian Brokerage,” announcing an M&A deal with Mitchell McConnell Insurance Ltd. in New Brunswick. Mitchell McConnell Insurance, whose legacy dates to 1927, is headquartered in

Map of Canada
News BrokersCommercialCommercial AutoManagementMergers and AqcuisitionsNew BrunswickNova ScotiaOperationsP.E.I.Personal AutoPersonal HomeProperty

Large Canadian brokerage now operating coast to coast

June 28, 2023 by Jason Contant

Editor’s Note: An original version of this article incorrectly identified Western Financial Group as Westland. Canadian Underwriter apologizes for the error.   Western Financial Group now operates coast to coast following its full acquisition of Huestis Insurance and Associates Ltd.

Teamwork and partnership conceptual image - hands of a businessman and businesswoman joining blank matching puzzle pieces over brown background.
News BrokersManitobaMergers and Aqcuisitions

Behind the big brokerage merger between ONE and BSI

June 27, 2023 by David Gambrill

ONE Insurance and BSI Insurance are combining to form the largest Manitoba-owned brokerage network, serving the province through 28 branches in 26 different communities. The new company would bring together two of Manitoba’s oldest insurance brokers, with a total of

Success and strategy concept
News BrokersCommercialManagementMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal Home

Meet CBN’s latest member brokerage

June 27, 2023 by Jason Contant

Ontario-based My Insurance Broker (MIB) has joined the Canadian Broker Network (CBN). Based in Richmond Hill, MIB offers a variety of insurance products including home (as well as cottage and condo insurance), auto (Uber insurance, online auto quotes, motorcycle and

Business M&A concept
News BrokersManagementMergers and AqcuisitionsOperations

Who’s acquiring Canadian P&C brokerages?

June 22, 2023 by Jason Contant

Private equity (PE) and insurer-backed brokerage acquisitions appear to have surged in recent years, but it’s difficult to get a true number as not all transactions are reported, business advisory and consulting firm Smythe LLP said in a new report.

Many hands putting together a jigsaw puzzle
News BrokersInsurersManagementMergers and AqcuisitionsOntario

Why consolidation slows down service levels

June 21, 2023 by Alyssa DiSabatino

Consolidators will have to tread the line between growing rapidly while also ensuring growth doesn’t hinder operations, particularly customer service, said experts at an industry panel.  Amid consolidation, small and medium-sized brokerages will be able to remain competitive if they