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acquisition

News InsuranceMergers 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 BrokersInsuranceMergers and Aqcuisitions

Hub scoops up two Alberta firms in latest acquisition

July 4, 2019 by Jason Contant

Hub International continued its M&A spree this week with the acquisition of two Edmonton-based firms – one a brokerage and the other a benefit and retirement consulting firm. The Chicago-based global brokerage Tuesday acquired BenefitLink Resource Group Edmonton Holdings Inc.

News BrokersMergers and Aqcuisitions

Intact’s BrokerLink makes double acquisition

May 3, 2019 by Jason Contant

BrokerLink has announced the acquisition of two brokerages: the Athabasca, Alta. branch of JDR Insurance and Guelph, Ont.-based Amplex Insurance Brokers Ltd. Both transactions were effective May 1 and terms of the transactions were not disclosed, BrokerLink said in a

News InsuranceMergers and Aqcuisitions

Brokerlink acquires family-owned brokerage in Alberta

March 8, 2019 by David Gambrill

BrokerLink has welcomed into its tent a 40-year-old family brokerage located in the Peace River area of northern Alberta. Nicolet Insurance Ltd., a full-service operation offering auto, home, business and travel insurance, has joined Brokerlink, one of Canada’s largest property

News ClaimsInsuranceMergers and Aqcuisitions

Asset manager closes acquisition of Sedgwick

January 3, 2019 by Jason Contant

Asset manager The Carlyle Group has closed its acquisition of a majority ownership of Sedgwick from KKR & Co. Inc. and other shareholders for an estimated $6.7 billion. Funds managed by Stone Point Capital LLC and Caisse de dépôt et

News AnnouncementsMergers and Aqcuisitions

The Hartford to acquire specialty insurer for $2.1 billion

August 22, 2018 by David Gambrill

The Hartford has signed an agreement to acquire specialty insurer The Navigators Group Inc. for US$2.1 billion in cash. The transaction has been approved by the boards of directors of both companies and is subject to approval by Navigators’ shareholders

News InsuranceMergers and Aqcuisitions

This Top 5 liability insurer is looking for firms to buy

August 15, 2018 by Greg Meckbach

The corporate parent of Canada’s fourth-largest liability insurer – American International Group Inc. – is actively looking for companies to acquire. “I always look for acquisitions,” said Brian Duppereault, CEO of New York City-based AIG, during a recent earnings call.

News BrokersInsuranceMergers and Aqcuisitions

Western Financial CEO reveals the strategy behind Axion deal

June 26, 2018 by Jason Contant

When Western Financial Group acquired its first non-western Canadian brokerage last week, location obviously played a factor in its acquisition strategy. The more rural, the better, the brokerage told Canadian Underwriter Tuesday. The High River, Alta.-headquartered Western completed its acquisition

News BrokersInsuranceMergers and Aqcuisitions

Western Financial moves into central Canada with brokerage acquisition

June 20, 2018 by Jason Contant

Western Financial Group Inc. has acquired its first non-western Canadian brokerage, Axion Insurance Services Inc. Completed on June 19, the deal will allow Western Financial to add 10 Ontario-based locations and approximately 60 insurance experts to its existing network. Kenny

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

How small brokerages find the funds to grow through M&A

January 17, 2018 by Jason Contant

Given the increasing expenses required to grow a business, how can a smaller brokerage secure the funding to expand via a merger or acquisition? “There are many options in the marketplace,” said Adam Duliban, principal broker with Duliban Insurance Brokers.

News AnnouncementsAppointmentsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Intact completes acquisition of U.S. specialty insurer OneBeacon, announces executive appointment

September 28, 2017 by Canadian Underwriter

Intact Financial Corporation (IFC) announced on Thursday that it has completed its $2.3 billion (US$1.7 billion) acquisition of U.S. specialty insurer OneBeacon Insurance Group, Ltd. The acquisition makes IFC “a leading provider of specialty insurance in North America with over

News InsuranceLegalLegislation / RegulationMergers and Aqcuisitions

Intact’s acquisition of OneBeacon Insurance Group expected to close this week

September 25, 2017 by Canadian Underwriter

Intact Financial Corporation (IFC) announced on Monday that it has obtained all regulatory approvals required to complete the previously announced proposed acquisition of OneBeacon Insurance Group, Ltd. The acquisition is expected to close on or about Sept. 28, IFC said