Keyword
acquisitions
Who Buys Brokers?
October 8, 2019 Jason Contant, Online EditorWhat is trending right now in the Canadian brokerage M&A marketplace? We put the question to Mike Berris
How Hub’s latest acquisition differs from the previous six
September 6, 2019 by Jason ContantHub 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…
Demand for omni-channel drove this brokerage merger
August 17, 2018 by Greg MeckbachHub 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…
Major consolidation this year in reinsurance industry?
July 31, 2018 by Greg MeckbachMergers 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…
Aon plc net income up to US$769 million in Q2 2017 from US$300 million in Q2 2016
August 8, 2017 by Canadian UnderwriterAon 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…
Risk and insurance revenue up 12% for Jardine Lloyd Thompson
July 31, 2017 by Canadian UnderwriterJardine 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…
Arthur J. Gallagher reports brokerage revenues of US$878.5 million for Q1 2017
May 1, 2017 by Canadian UnderwriterArthur 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…
Can-Sure Underwriting & Beacon Underwriting promotes Cameron Copeland to president
April 18, 2017 by Canadian UnderwriterCanadian 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…
Marsh & McLennan Companies’ net income up 16% in Q4 2016 to US$436 million
February 3, 2017 by Canadian UnderwriterMarsh & 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…
Canadian non-life insurance market poised for 2017 profit recovery: Fitch
January 25, 2017 by Canadian UnderwriterThe 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…
U.S. insurance broker profitability to persist in 2017, be supplemented by organic revenue growth: Fitch
December 2, 2016 by Canadian UnderwriterFitch 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…
Combined ratio deteriorates 2.6 points for Willis Reinsurance Index
September 7, 2016 by Canadian UnderwriterWillis 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…