Canadian Underwriter

Keyword
consolidation

News Mergers and Aqcuisitions

Intact-RSA deal awaits final clearance for takeoff on June 1

May 6, 2021 by David Gambrill

Intact Financial Corporation and Dutch insurer Tryg A/S have received all anti-trust and regulatory approvals for the acquisition of RSA Insurance Group plc, setting the stage for closing the mega-merger within a month. The last items remaining on the to-do

News Insurance

Sky’s still the limit for Canadian P&C industry consolidation: broker exec

April 6, 2021 by Adam Malik

Canadian property and casualty insurers have seen many a deal take place over the years — and it would be no surprise to see more to come, says a broker executive. During the latest edition of the Insurance Institute of

News Insurance

Why there is very little MGA consolidation

February 8, 2021 by Jason Contant

Managing general agencies (MGAs) in Canada are currently engaging in very little mergers and acquisitions activity among themselves because the market is still growing organically and is less mature than in other countries, the managing director of the national MGA

News Commercial LinesMarkets / Coverages

More consolidation expected in Ontario cannabis stores

August 11, 2020 Tara Deschamps - THE CANADIAN PRESS

TORONTO – More than a year after winning the chance to open one of Ontario’s first cannabis stores through a provincial lottery, Lisa Bigioni has walked away from her Niagara Falls pot shop. The store had become like a second

News BrokersInsuranceMergers and AqcuisitionsTechnology

The pros and cons of consolidation in the tech vendor space

November 6, 2019 by Jason Contant

When there is consolidation in the industry, concerns about the erosion of choice is common. And the tech vendor space is no different. On Oct. 15, Applied Systems announced the acquisition of Policy Works, a major platform for commercial lines

Feature BrokersMergers and Aqcuisitions

Who Buys Brokers?

October 8, 2019 Jason Contant, Online Editor

What is trending right now in the Canadian brokerage M&A marketplace? We put the question to Mike Berris

News InsuranceMergers and Aqcuisitions

Canadian P&C consolidation will leave only “a few tables left”: broker

June 25, 2018 by Greg Meckbach

Look for consolidation to continue within the Canadian property and casualty insurance industry, senior industry executives predicted at a recent conference. Also, expect insurers to take on a greater role in distributing the products. Speaking about consolidation, Adam Mitchell, the

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Brokers taking the initiative to embrace digital transformation: Insurance Analytics Canada speaker

July 4, 2017 Jason Contant, Online Editor

Many brokers are taking the bull by the horns and embracing digital transformation, with or without the help of insurers, a speaker suggested last week at the Insurance Analytics Canada Summit in downtown Toronto. Greg McCutcheon, president of Markham, Ont.-based

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentReinsuranceTechnology

Technological change and cyber risk overtake regulation as top risks for global insurers: study

May 31, 2017 by Canadian Underwriter

The global insurance industry’s ability to confront structural and technological changes is now the greatest risk it faces, according to a new survey of insurers and close observers of the sector, released on Tuesday. The Centre for the Study of

News Insurance

Market conditions continue to support high levels of insurance distribution and services M&A activity going forward: Conning

April 3, 2017 by Canadian Underwriter

While the mergers and acquisitions (M&A) market for insurance distribution and services “cooled slightly” in 2016 from the prior year, market conditions continue to support high levels of M&A activity going forward, according to a new study from Hartford, Conn.-based

News AssociationsCatastrophesClimate ChangeInsuranceTechnology

Strategic planning of Canada’s p&c industry must extend to five, 10 years: Cook

January 11, 2017 by Angela Stelmakowich

Canada’s property and casualty insurance industry must look farther ahead in its strategic planning than it may be used to ensure it fully grasps developing conditions and can address related changes, Philip Cook, CEO of Omega Insurance Holdings Inc., suggested

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Ontario brokerage Smith & Associates Insurance consolidates with The Standard Insurance Brokers

January 10, 2017 by Canadian Underwriter

Thunder Bay, Ont.-based brokerage Smith & Associates Insurance has announced its consolidation with The Standard Insurance Brokers, effective Tuesday. This consolidation will allow both organizations to offer a broader scope of products to clients, enhance their long established relationships with