Canadian Underwriter

Topic Mergers and Aqcuisitions

News BrokersMergers and Aqcuisitions

How many brokerages have been bought in the past week?

October 8, 2019 by Jason Contant

The trend in brokerage mergers and acquisitions (M&A) remains strong with no sign of abating, as three large brokerages scooped up no less than eight firms in the past week. On Oct. 2, Hub International announced that it had acquired

News BrokersMergers and Aqcuisitions

BrokerLink scoops up two family-owned brokerages

September 9, 2019 by Jason Contant

Intact subsidiary BrokerLink is continuing its acquisition spree, announcing last week that it has bought two family-owned brokerages in Ontario. BrokerLink, one of the largest property and casualty insurance brokerages in Canada, said Sept. 4 it acquired Bradley’s Commercial Insurance

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How Hub’s latest acquisition differs from the previous six

September 6, 2019 by Jason Contant

Hub International’s latest acquisition in Ontario is a bit of a break from its recent transactions in the country, which were focused on western Canada. Chicago-based Hub announced Thursday that it had acquired Mississauga, Ont.-based independent employee benefits consulting firm

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The latest brokerage acquired by The Co-operators

August 27, 2019 by Greg Meckbach

Quebec insurance brokerage Cadieux Beausejour Dupras Inc. has been bought by The Co-operators Group Ltd. Guelph, Ont.-based The Co-operators, Canada’s fifth-largest property and casualty insurer, announced the Cadieux Beausejour Dupras acquisition Tuesday. As a result, Cadieux Beausejour Dupras will become

News BrokersMergers and Aqcuisitions

Brokerage acquires credit union’s insurance subsidiary

August 26, 2019 by Jason Contant

Westland Insurance Group has announced a major acquisition, fresh off changes to its executive leadership that saw a new president and chief operating officer take the helm of the brokerage. Westland is set to acquire First West Insurance Services, a

News AdjustersClaimsMergers and Aqcuisitions

Intact’s other deal: ‘You can bet that other insurers are paying close attention’

August 20, 2019 by Adam Malik

Intact Financial Corp. agreeing to buy On Side Restoration will likely lead to similar deals going forward and while risks exist, one adjuster believes it will probably bring more good than bad to the insurance industry – with a lot

News BrokersMergers and Aqcuisitions

How smaller brokerages can survive in a mega-merger environment

August 16, 2019 by Jason Contant

As mergers and acquisitions ramp up in the Canadian P&C space, smaller brokerages will need to go for scale or niche to survive, brokers say. “As of late, with Wawanesa buying Western Financial, NFP buying a half-dozen really big brokers,

News Mergers and AqcuisitionsMGAs

Why Intact execs set their sights on The Guarantee, MGA Frank Cowan

August 16, 2019 by David Gambrill

Intact’s proposed $1-billion acquisition of The Guarantee and the managing general agent Frank Cowan is intended to bolster the company’s strength in specialty lines – primarily in the areas of surety, public entities, and high-net worth clients, company executives said

News CommercialConstructionMergers and AqcuisitionsOntario

Intact agrees to buy The Guarantee and MGA Frank Cowan

August 15, 2019 by Greg Meckbach

Canada’s largest property and casualty insurer, Intact Financial Corp. has agreed to buy The Guarantee Company of North America and MGA Frank Cowan Company Limited for about $1 billion from Princeton Holdings. Princeton will continue to own retail brokerage Cowan

News Mergers and Aqcuisitions

This Canada-based insurance giant is taking a break on mega-mergers

August 14, 2019 by Greg Meckbach

If a blockbuster insurer merger gets announced tomorrow, it probably won’t involve Toronto-based Fairfax Financial Holdings Ltd., which has grown steadily through insurer acquisitions over the past 34 years. “We are not looking to add in a significant way from

News BrokersMergers and Aqcuisitions

What’s driving brokerage M&A in Canada?

August 13, 2019 by Jason Contant

What does the current market look like for merger and acquisition (M&A) activity in the Canadian P&C brokerage space? “The current market is primarily being driven by underwriters and private equity (PE) investors,” wrote Mike Berris, partner and practice group

News Mergers and Aqcuisitions

Intact buys restoration firm

August 7, 2019 by Adam Malik

Intact Financial Corporation has entered the restoration services area. The insurer has struck a deal to acquire Vancouver-based On Side Restoration. The company announced the acquisition late on Aug. 6, which it says will strengthen its ability to provide claims