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acquisition


News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Gore Mutual Insurance Company to acquire Howard Noble Insurance Limited

June 29, 2017 by Canadian Underwriter

Gore Mutual Insurance Company announced on Wednesday that is has agreed to acquire Howard Noble Insurance Limited, a regional broker in Georgian Bay and Simcoe County in Ontario. Gore Mutual CEO Heidi Sevcik noted in a press release that Noble

News InsuranceMergers and AqcuisitionsReinsurance

Allied World board members concerned in 2016 with ‘protracted negotiations’ with un-named prospective buyer: SEC filing

May 23, 2017 by Canadian Underwriter

Six months before announcing its proposed acquisition by Toronto-based Fairfax Financial Holdings Ltd., commercial insurer Allied World Assurance Company Holdings AG received an offer letter from an un-named prospective buyer for $48 a share, recently-released documents indicate. Fairfax and Zug,

News InsuranceMergers and AqcuisitionsProfessional Development

McFarlan Rowlands Insurance Brokers announces acquisition of Callister Musico Insurance Group

May 10, 2017 by Canadian Underwriter

London, Ont.-based McFarlan Rowlands Insurance Brokers announced on Wednesday that it will acquire Callister Musico Insurance Group of Sarnia, Ont. Located at 1315 Michigan Ave. in Sarnia, the Callister Musico office will become McFarlan Rowlands’ 15th branch in Ontario, allowing

News InsuranceMergers and Aqcuisitions

Brokerage Andrew Agencies Ltd. purchases Waggoner Insurance of Winnipeg

May 3, 2017 by Canadian Underwriter

Virden, Man.-based multi-line brokerage Andrew Agencies Ltd. has announced the acquisition of Waggoner Insurance effective May 1. Scott Andrew, president and CEO of Andrew Agencies and Ed Waggoner, president and CEO of Waggoner Insurance made the announcement in a press

News InsuranceLegalLegislation / RegulationMergers and AqcuisitionsReinsurance

Liberty Mutual Insurance completes acquisition of Ironshore from Fosun International for US$2.94 billion

May 3, 2017 by Canadian Underwriter

Liberty Mutual Insurance has announced that it has completed its acquisition of 100% ownership in Ironshore Inc. from Fosun International Limited. Global insurer Liberty Mutual made the announcement earlier this week that it had acquired Ironshore Inc., a global specialty

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Desjardins’ acquisition of Western Financial caused ‘headaches’ for brokers: Baker

April 19, 2017 by Canadian Underwriter

If Trimont Financial Ltd. acquires Western Financial Group, Desjardins Group officials will have “more time to focus on further integrating State Farm,” MSA Research Inc. suggested in a recent report released Tuesday. “Slowly but surely, the complexion of the industry

News InsuranceMergers and Aqcuisitions

Two Ontario brokerages – Vision Insurance Brokers and Steele & Ferraro Insurance Brokers – join BrokerLink

March 3, 2017 by Canadian Underwriter

Two Ontario brokerages – Vision Insurance Brokers Ltd. and Steele & Ferraro Insurance Brokers Limited – announced on Thursday that they will join BrokerLink, one of the largest property and casualty insurance brokerages in Canada. Terms of the transactions, finalized

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Fairfax reports 2016 combined ratio for insurance and reinsurance operations of 92.5%

February 17, 2017 by Canadian Underwriter

Toronto-based Fairfax Financial Holdings has released its most recent financial results for the fourth quarter and full-year 2016 ending Dec. 31, reporting a combined ratio for its insurance and reinsurance operations of 92.5% on a consolidated basis. This result produced

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Nearly half of global insurers expect to acquire new technologies through M&A in the next three years: Willis Towers Watson survey

February 17, 2017 by Canadian Underwriter

Nearly three-quarters of global insurers (74%) believe that their sector has failed to show leadership in digital innovation, according to a new survey by Willis Towers Watson (WTW) released on Thursday. The report, titled New horizons: How diverse growth strategies

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Belron Canada announces acquisition of vehicle damage repair company Speedy Collision

January 3, 2017 by Canadian Underwriter

Belron Canada has announced the acquisition of Speedy Collision, a network of 24 franchise collision centres located across Alberta, Saskatchewan and Ontario. Like other retail businesses, the automotive aftermarket service industry is changing as customers are more and more influenced

News InsuranceLegalMergers and Aqcuisitions

Archway Insurance purchases D.R. Hayman Insurance

January 3, 2017 by Canadian Underwriter

Archway Insurance has enhanced its presence in Nova Scotia generally and in Pictou County specifically with the recent acquisition of Stellarton-based D.R. Hayman Insurance. The acquisition, effective Dec. 31, 2016, represents the entry of Archway Insurance – one of Atlantic

News InsuranceMarkets / Coverages

Economical Insurance completes acquisition of Canada’s largest pet insurer

January 3, 2017 by Canadian Underwriter

Economical Mutual Insurance Company announced on Tuesday that is has completed its previously announced acquisition of Western Financial Insurance Company (WFIC) and its flagship brand Petsecure from Desjardins Group. Concurrent with the acquisition, WFIC changed its legal name to Petline