Keyword
acquisition
Canada’s largest P&C insurers growing larger: AM Best
September 12, 2022 by Jason ContantCanada’s Top 10 property and casualty insurers control almost three-quarters of the marketplace, with the remaining participants competing for the balance of available premium, ratings agency AM Best said during an industry event Friday. The Top 10 P&C carriers control…
Acquisition sees Westland enter new industry vertical, U.S. market
September 8, 2022 by Jason ContantWestland Insurance has entered a new industry vertical and the U.S. market for the first time with the acquisition of Front Row Insurance Brokers Inc., one of the largest and most respected film and entertainment insurance brokers in North America.…
Why this broker was fined $700 after an acquisition
March 3, 2022 by David GambrillAn Alberta broker has been fined $700 for failing to transfer her broker’s license when the Co-operators General Insurance Company took over the ownership of her brokerage. Brokers in Alberta and other provinces must have a license that is connected…
Westland’s M&A war chest expands
January 12, 2022 by Alyssa DiSabatinoWestland Insurance Group Ltd., a property and casualty insurance brokerage, has expanded its war chest for mergers and acquisitions, thanks to its partnership with asset manager Blackstone Credit. Blackstone will be investing an additional $250 million towards Westland’s growth, the…
Westland acquires brokerages in Ontario, Alberta
January 7, 2022 by Jason ContantWestland Insurance has announced its first brokerage acquisitions of 2022 — Bunnell Hitchon Insurance Brokers in Ontario, and Rigby Insurance in Alberta. Bunnell Hitchon, in Brantford and Milton, Ont., was founded in 1890 and offers a wide range of personal…
Westland’s acquisition spree continues
December 10, 2021 by Jason ContantLarge 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…
Westland makes two more acquisitions
December 6, 2021 by Jason ContantWestland Insurance Group Ltd. has announced the acquisition of two brokerages in the Canadian Prairies: Church Eaton Insurance of Calgary and Hook Lafrance Insurance in Regina. Westland’s president and chief operating officer Jamie Lyons said in a press release Monday…
BrokerLink acquires brokerages in Alberta, Ontario
November 16, 2021 by Jason ContantBrokerLink 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…
The latest acquisitions from Westland and Hub
October 7, 2021 by Jason ContantLarge 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,…
Westland announces third acquisition in one-week period
September 15, 2021 by Jason ContantWestland Insurance Group Ltd. has announced the acquisition of Tredd Insurance Brokers in Toronto and Calgary, one week after it acquired two other brokerages in Alberta. Tredd Insurance offers commercial insurance, with specialties including but not limited to transportation, oil…
RATESDOTCA acquires LowestRates.ca
September 14, 2021 by Jason ContantEditor’s Note: This story has been updated to include information from RATESDOTCA. Rate comparison site RATESDOTCA has acquired fellow aggregator LowestRates.ca. LowestRates.ca will continue to operate as a separate site and independent source of financial services information and rates,…
BrokerLink doubles size in Atlantic Canada, buys brokerages in Ontario and Alberta
August 9, 2021 by Jason ContantBrokerLink has doubled its presence in Atlantic Canada and is now one of the largest brokerages on the east coast following its acquisition of Archway Insurance and South Coast Insurance Agency Limited. BrokerLink, a subsidiary of Intact Financial Corporation, announced…