Keyword
brokerage
Caisse de dépôt et placement du Québec to buy stake in commercial brokerage USI from Onex
March 17, 2017 by Canadian UnderwriterToronto-based Onex Corp. is selling its stake in one of the world’s largest commercial brokerages, USI Insurance Services LLC, to Caisse de dépôt et placement du Québec and other buyers. Valhalla, N.Y.-based USI placed 11th worldwide in an earlier ranking…
New mobile app allows policyholders to self-serve auto, property insurance policies through their mobile devices
January 24, 2017 by Canadian UnderwriterKTX Insurance Brokers Ltd. is looking to respond to consumer demand to interact online with the launch of a new mobile app that allows policyholders to access both advice from licensed brokers and self-serve their insurance policies online. Through the…
Hub International acquires Saskatchewan brokerage “association” Mainline Insurance Brokers Inc.
January 4, 2017 by Canadian UnderwriterGlobal insurance brokerage Hub International announced on Wednesday that it has acquired Canadian-based Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and Cathedral Insurance Services (1995) Ltd. (together as Mainline). Terms of the acquisition were…
Archway Insurance purchases D.R. Hayman Insurance
January 3, 2017 by Canadian UnderwriterArchway 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…
Archway Insurance enters nine New Brunswick communities with the purchase of Alliance Assurance, effective Dec. 31
December 6, 2016 by Canadian UnderwriterArchway Insurance, one of Atlantic Canada’s largest insurance brokerages, announced on Tuesday that it will purchase Alliance Assurance effective Dec. 31. Alliance is one of the largest brokerages in New Brunswick, with nine locations serving communities across the province, Archway…
Vancouver-based Vertical Insurance Group acquires brokerage Axis Insurance Managers Inc.
November 9, 2016 by Canadian UnderwriterVancouver-based Vertical Insurance Group Ltd., owners of Shaw Sabey, Metrix, Core, Magnes, LMG and other retail insurance brokerage businesses, has announced the acquisition of the majority interest in the capital of brokerage Axis Insurance Managers Inc., also of Vancouver. Alex…
Looking Ahead
November 1, 2016 Greg Meckbach, Associate EditorAs more Millennials are becoming involved in commercial insurance purchasing decisions, incoming Toronto Insurance Conference president Michael Loeters is focusing on helping brokers prepare for the rise of fintech.
Former Willis CEO Casserley to leave Willis Towers Watson this year
October 31, 2016 by Canadian UnderwriterDominic Casserley, president and deputy chief executive officer of Willis Towers Watson plc, will be leaving the firm when his employment agreement ends Dec. 31, the London-based firm announced recently. The US$18-billion merger of Willis Group Holdings plc and Towers…
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,…
Arthur J. Gallagher reports brokerage segment revenues up US$53.5 million in Q2
July 29, 2016 by Canadian UnderwriterItasca, 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…
Marsh moves Martin South to president, U.S. & Canada from CEO Asia-Pacific
July 22, 2016 by Canadian UnderwriterMarsh Inc. announced Thursday that effective Sept. 1, Martin South is appointed president of the United States and Canada division of the commercial insurance brokerage. South “will oversee Marsh’s US core brokerage, businesses in Canada, and portfolio of US businesses…
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…