Canadian Underwriter

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acquisition

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NFP Canadian executive reveals future M&A strategy

January 10, 2020 by Jason Contant

NFP Corp. has concentrated almost exclusively in Ontario since it first entered into the Canadian property and casualty insurance space about two years ago, but expect that to change in the future. NFP is looking to have “a bigger presence

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The latest brokerage to join the parade of M&A in 2020

January 8, 2020 by Jason Contant

Another day, another acquisition. McDougall Insurance and Financial has merged with Provenance Insurance Services Ltd., which operates as Knox Hutchison Insurance Services (North Bay), Municipal Insurance Services (North Bay) and Dynamic Insurance Brokers (Sudbury). Provenance will join with McDougall to

News BrokersInsuranceMergers and Aqcuisitions

Canadian brokerage M&A explodes out of the gate in 2020

January 7, 2020 by Jason Contant

“The market for P&C brokerages and books of business is strong and will likely continue to be robust in the foreseeable future,” Mike Berris, partner and practice group leader with Smythe Advisory, predicted last August in the firm’s Property &

News InsuranceMergers and Aqcuisitions

Top 3 M&A insurance deals in 2019

December 20, 2019 by Jason Contant

2019 saw a slew of mergers and acquisitions in the Canadian P&C space and it’s unlikely 2020 will buck the trend. In fact, in the past few weeks alone, one Ontario brokerage bought another one, a Florida-based brokerage bought a

News BrokersInsuranceMergers and Aqcuisitions

The latest acquisitions in the Canadian brokerage space

December 17, 2019 by Jason Contant

As we near the end of 2019, the trend in brokerage acquisitions shows no sign of slowing down. In the past week-and-a-half, one Ontario brokerage purchased another Ontario brokerage, a different brokerage bought a managing general agency, a large brokerage

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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 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.

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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