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How Hub’s latest acquisition differs from the previous six

September 6, 2019 by Jason Contant

Hub International’s latest acquisition in Ontario is a bit of a break from its recent transactions in the country, which were focused on western Canada. Chicago-based Hub announced Thursday that it had acquired Mississauga, Ont.-based independent employee benefits consulting firm

News BrokersInsuranceMergers and AqcuisitionsTechnology

Demand for omni-channel drove this brokerage merger

August 17, 2018 by Greg Meckbach

Hub International Ltd. is planning to use the recent acquisition of a Windsor, Ont. firm to expand its online services with existing brokerages. “The reason why we bought Cypher Systems Group is we really felt that we wanted to have

News Mergers and AqcuisitionsReinsurance

Major consolidation this year in reinsurance industry?

July 31, 2018 by Greg Meckbach

Mergers and acquisitions will likely be a topic of discussion for mid-market reinsurers, executives with a large European reinsurer suggest. Efforts by large reinsurers to improve productivity will put “more pressure” on mid-sized and smaller reinsurers “to have this strategic

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Aon plc net income up to US$769 million in Q2 2017 from US$300 million in Q2 2016

August 8, 2017 by Canadian Underwriter

Aon plc has reported a net income attributable to shareholders of US$769 million for the three months ending June 30, a drastic increase from US$300 million in the prior-year period. Total revenue increased 4% to US$2.4 billion from US$2.3 billion

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Risk and insurance revenue up 12% for Jardine Lloyd Thompson

July 31, 2017 by Canadian Underwriter

Jardine Lloyd Thompson Group PLC recently released its financial results for the first six months of this year, reporting a 3% drop, on a constant rate of exchange, of risk and insurance revenue in Canada. London-based JLT reported July 27

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Arthur J. Gallagher reports brokerage revenues of US$878.5 million for Q1 2017

May 1, 2017 by Canadian Underwriter

Arthur J. Gallagher & Co. (AJG) has reported brokerage revenues of US$878.5 million for the first quarter of 2017 ending March 31, up 6% from US$825.5 million in the first quarter of 2016. Rolling Meadows, Ill.-based AJG reported its financial

News AppointmentsInsuranceMergers and AqcuisitionsProductsProfessional Development

Can-Sure Underwriting & Beacon Underwriting promotes Cameron Copeland to president

April 18, 2017 by Canadian Underwriter

Canadian property and casualty managing general agency (MGA) Can-Sure Underwriting and Beacon Underwriting announced on Tuesday that Cameron Copeland will assume the role of president. Copeland assumed the role effective April 15, succeeding Can-Sure founder Jeff Hart, who has “decided

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Marsh & McLennan Companies’ net income up 16% in Q4 2016 to US$436 million

February 3, 2017 by Canadian Underwriter

Marsh & McLennan Companies, Inc. (MMC) has reported net income attributable to company of US$436 million, up 16% from the prior-year quarter’s total of US$375 million. For the full year 2016, revenue was US$13.2 billion, a 2% increase. MMC, a

News Earnings / RatingsInsuranceLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsReinsurance

Canadian non-life insurance market poised for 2017 profit recovery: Fitch

January 25, 2017 by Canadian Underwriter

The Canadian non-life insurance industry is likely to return to an underwriting profit in 2017, according to Fitch Ratings’ new report on the Canadian non-life insurance market. Following a significant improvement in 2015 underwriting performance, the market in aggregate will

News InsuranceMarkets / Coverages

U.S. insurance broker profitability to persist in 2017, be supplemented by organic revenue growth: Fitch

December 2, 2016 by Canadian Underwriter

Fitch Ratings expects insurance broker earnings and revenue south of the border to likely to modestly improve in 2017 compared to the first nine months of 2016. “In 2017, Fitch expects brokers will continue to supplement organic revenue growth through

News InsuranceMarkets / CoveragesReinsurance

Combined ratio deteriorates 2.6 points for Willis Reinsurance Index

September 7, 2016 by Canadian Underwriter

Willis Towers Watson plc reported Monday the combined ratio for its index of top reinsurers was 94.1% during the first six months of 2016, up 2.6 points from 91.5% during the same period as 2015, during a time when insurers

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Arthur J. Gallagher reports brokerage segment revenues up US$53.5 million in Q2

July 29, 2016 by Canadian Underwriter

Itasca, Ill.-based Arthur J. Gallagher & Co. (AJG) released its financial results on Thursday, announcing that its brokerage segment revenues were up to US$939.1 million as reported in the second quarter of 2016 from US$885.6 in Q2 2015. For the