Keyword
acquisition
Hub International acquires New Dimensions Underwriters Ltd.
September 8, 2016 by Canadian UnderwriterGlobal insurance brokerage Hub International Limited has acquired Edmonton-based New Dimensions Underwriters Ltd. The terms of the acquisition of the managing general agency were not disclosed, notes a statement this week from Chicago-based Hub International, which provides property and casualty,…
AIG reaches agreement to sell United Guaranty Corporation to Arch Capital for US$3.4 billion
August 17, 2016 by Canadian UnderwriterAmerican International Group, Inc. has entered into an agreement to sell its 100% interest in United Guaranty Corporation (UGC) to Arch Capital Group Ltd. for US$3.4 billion, a move in line with AIG’s continuing efforts to streamline operations and better…
Totten Insurance Group acquires Canadian Resources Insurance Solutions
August 3, 2016 by Canadian UnderwriterNational 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…
Waterloo, Ont.’s Lackner McLennan acquires Erb and Erb Insurance Brokers
August 2, 2016 by Canadian UnderwriterLackner 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…
Maritime brokers group welcomes MacDougall’s Insurance as newest member
June 20, 2016 by Canadian UnderwriterThe 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…
MGB Claims Consultants announces acquisition of ProFormance Group Insurance Solutions
June 8, 2016 by Canadian UnderwriterMGB 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…
Economical Insurance to acquire largest pet insurer in Canada
May 18, 2016 by Canadian UnderwriterEconomical 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.…
Toronto brokerage RRJ Insurance Group purchases Topping Insurance Brokers; office will remain in Peterborough
May 12, 2016 by Canadian UnderwriterToronto-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…
Arthur J. Gallagher acquires Winnipeg brokerage B.R. Rhymer Insurance Agencies
May 6, 2016 by Jason ContantArthur 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…
Don’t underestimate effort needed for successful acquisition: CIP Symposium speaker
April 25, 2016 Jason Contant, Online EditorDon’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…
Global insurance industry saw significant increases in distribution, M&A in 2015, Conning says
March 29, 2016 by Canadian UnderwriterThe 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…
Archway Insurance grows New Brunswick footprint with purchase of Solutions Insurance Broker Inc.
March 26, 2016 by Canadian UnderwriterAmherst, 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…