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acquisition


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Totten Insurance Group acquires Canadian Resources Insurance Solutions

August 3, 2016 by Canadian Underwriter

National insurance managing general agency Totten Insurance Group announced on Wednesday that it has acquired the shares of Canadian Resources Insurance Solutions, Inc. (CRIS), a Sudbury, Ont. based insurance wholesaler. Terms of the acquisition were not disclosed, but Hub International

News InsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Waterloo, Ont.’s Lackner McLennan acquires Erb and Erb Insurance Brokers

August 2, 2016 by Canadian Underwriter

Lackner McLennan Insurance Ltd. announced on Tuesday that it has acquired Erb and Erb Insurance Brokers Ltd. Waterloo, Ont.-based Lackner McLennan (LMI) said in a press release that the acquisition occurred on Friday. Kitchener, Ont.-based Erb and Erb and Lackner

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Maritime brokers group welcomes MacDougall’s Insurance as newest member

June 20, 2016 by Canadian Underwriter

The Independent Insurance Brokers Inc.’s (IIBI) newest member is MacDougall’s Insurance, a family-operated insurance brokerage that has operated in Cape Breton since 1930, a move that extends IIBI’s reach to Cape Breton Island for the first time. Formed in 2000

News InsuranceMarkets / CoveragesProfessional Development

MGB Claims Consultants announces acquisition of ProFormance Group Insurance Solutions

June 8, 2016 by Canadian Underwriter

MGB Claims Consultants Inc. announced on Wednesday that it has acquired ProFormance Group Insurance Solutions Inc. “as part of an overall strategy for expansion to better service our clients and strengthen our presence in both the Lloyds of London and

News InsuranceMergers and Aqcuisitions

Economical Insurance to acquire largest pet insurer in Canada

May 18, 2016 by Canadian Underwriter

Economical Mutual Insurance Company has announced that it will acquire Petsecure, the largest pet insurer in Canada. Economical announced on Wednesday its intention to acquire Desjardins Group’s pet insurance business, Western Financial Insurance Company (WFIC) and its flagship brand Petsecure.

News InsuranceMergers and Aqcuisitions

Toronto brokerage RRJ Insurance Group purchases Topping Insurance Brokers; office will remain in Peterborough

May 12, 2016 by Canadian Underwriter

Toronto-based RRJ Insurance Group Ltd. has announced the purchase of Peterborough, Ont.-based Topping Insurance Brokers Ltd. The RRJ Insurance Group said in a press release issued on Thursday that the purchase was effective May 2. The office is located at

News InsuranceMergers and AqcuisitionsProfessional Development

Arthur J. Gallagher acquires Winnipeg brokerage B.R. Rhymer Insurance Agencies

May 6, 2016 by Jason Contant

Arthur J. Gallagher (AJG) has announced the acquisition of B.R. Rhymer Insurance Agencies Ltd., a personal and commercial lines broker located on Pembina Highway in Winnipeg, Manitoba. AJG, the international division of Arthur J. Gallagher & Co. outside of the

News Mergers and AqcuisitionsProfessional Development

Don’t underestimate effort needed for successful acquisition: CIP Symposium speaker

April 25, 2016 Jason Contant, Online Editor

Don’t underestimate the effort required to have a major change such an acquisition go through successfully, attendees to the 2016 CIP Society Symposium heard last week. Speaking during an Up Close and Personal session, Surender Sekhon, director of operational underwriting

News InsuranceMarkets / Coverages

Global insurance industry saw significant increases in distribution, M&A in 2015, Conning says

March 29, 2016 by Canadian Underwriter

The global insurance industry saw significant increases in both insurance distribution and insurance services mergers and acquisitions in 2015, according to a new report. Global Insurance Distribution & Services Sector Mergers & Acquisitions: Building for the Future was released on

News InsuranceMergers and Aqcuisitions

Archway Insurance grows New Brunswick footprint with purchase of Solutions Insurance Broker Inc.

March 26, 2016 by Canadian Underwriter

Amherst, N.S.-headquartered Archway Insurance, one of Atlantic Canada’s largest independently-owned insurance brokerages, announced on Thursday the purchase of Solutions Insurance Broker Inc. in Dieppe, N.B. Archway will increase its footprint in New Brunswick through this transaction, along with the ability