Canadian Underwriter

Topic Mergers and Aqcuisitions

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

News InsurersMergers and AqcuisitionsQuebec

How Beneva is promoting its direct brand at this Quebec event venue

December 3, 2021 by Greg Meckbach

Canada’s largest mutual insurer is promoting its new Beneva direct-to-consumer brand by being a major sponsor of Quebec City’s major junior hockey team and official presenter of the Videotron Centre’s calendar of events. Beneva announced Thursday a partnership with Quebecor

News AlbertaBrokersCommercialMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal Home

BrokerLink acquires brokerages in Alberta, Ontario

November 16, 2021 by Jason Contant

BrokerLink has announced the acquisition of three new brokerages in Canada — one in Alberta and two in Ontario. The Intact Financial Corporation subsidiary said Monday it had acquired Alberta-based Blue Circle Insurance Brokers Ltd., as well as Ontario-based Stevenson

News BrokersInsurersMergers and AqcuisitionsOntarioQuebec

What the future holds for Unica, L’Unique, La Capitale and SSQ brands

November 11, 2021 by Greg Meckbach

Beneva plans to replace its La Capitale and SSQ direct-to-consumer brands but it’s business as usual, for the time being, for the broker-distributed Unica and L’Unique brands. “As of today both L’Unique and Unica are brands that exist in the

News ConstructionMergers and AqcuisitionsMGAs

MGA merger: RAISE Underwriting to acquire United Surety

November 10, 2021 by Canadian Underwriter Staff

Specialty managing general agent (MGA) RAISE Underwriting in Toronto announced an agreement to acquire Mississauga-based independent MGA United Surety. The acquisition is scheduled to close January 1, 2022. RAISE CEO Matt Baynton said in a press release Nov. 4, “By

News AlbertaB.C.BrokersCommercialMergers and Aqcuisitions

NFP acquires Western Canadian brokerage Foster Park

November 9, 2021 by Greg Meckbach

Edmonton-based Foster Park Brokers Inc. has been acquired by New York City-based NFP Corp., the property and casualty insurance brokerages announced Tuesday. Foster Park places surety bonds, as well as P&C coverage for a variety of industries including oil and

News BrokersCommercialManitobaMergers and AqcuisitionsOntarioPersonal AutoPersonal Home

Large Canadian brokerages grow larger through acquisitions

November 5, 2021 by Jason Contant

Two large Canadian property and casualty brokerages — Navacord and Westland Insurance — continue to grow with the announcement of their latest acquisitions in Ontario and Manitoba. On Thursday, commercial brokerage Navacord Corp. said it added Ontario-based brokerages Ives Insurance

News BrokersInsurersMergers and AqcuisitionsOntarioOperations

Intact discusses RSA talent, Wawanesa looks to expand footprint in Ontario

October 22, 2021 by Jason Contant

Louis Gagnon, Intact Insurance’s president of Canadian operations, is pleased with the insurer’s integration of RSA into its operations and the calibre of talent it has acquired. At the beginning of June, Intact Financial Corporation and Danish insurer Tryg A/S

News CommercialInsurersLiabilityMergers and Aqcuisitions

Why private equity firms should partner with just one insurer

October 14, 2021 by Jason Contant

Private equity firms should consider partnering with one carrier who is able to handle multiple lines of insurance for both the private equity firm and its portfolio companies, a mutual insurer told Canadian Underwriter. “We’ve seen benefits of having the

News AlbertaBrokersCommercial AutoConstructionManagementMergers and AqcuisitionsOntarioPersonal AutoPersonal HomeQuebec

The latest acquisitions from Westland and Hub

October 7, 2021 by Jason Contant

Large brokerages Westland Insurance Group Ltd. and Hub International Limited have both announced recent mergers and acquisitions activity. On Tuesday, Surrey, B.C.-headquartered Westland said it had acquired personal and commercial lines brokerage Insurance Unlimited in Mississauga, Ont. The following day,

News BrokersMergers and AqcuisitionsOperationsTechnology

Mass personalization can enhance customer experience: PwC Canada

October 5, 2021 by Canadian Underwriter Staff

Accelerated digitization continues to drive strong M&A activity in P&C, with brokerages that prioritize the customer in their digitization strategies more likely to succeed. “Understanding the customer and how to change the customer experience will be the key differentiator for