Canadian Underwriter

Keyword
M&A

News Insurance

It’s full steam ahead for brokerage M&A, now that the pandemic pause is over

September 18, 2020 by Jason Contant

After the COVID-19 pandemic temporarily paused brokerage mergers and acquisitions (M&A) activity in Canada earlier this year, it appears that the deals are once again moving forward at a steady pace. The markets’ reaction to the pandemic has been very

News Insurance

Westland Insurance reveals its M&A strategy for the future

September 14, 2020 by Jason Contant

Fresh from closing four acquisitions in western Canada, large brokerage Westland Insurance Group plans to continue exploring opportunities in the west, as well as consider deals that would move the brokerage in a more easterly direction. Westland announced on Sept.

News Insurance

How brokerage buyers are reacting to COVID market conditions

September 11, 2020 by Jason Contant

Demand for Canadian property and casualty insurance brokerages remains strong during the COVID-19 pandemic, but potential brokerage purchasers are becoming more targeted in their approach, a P&C transaction advisor observed. “For most potential transactions, the list of potential purchasers has

News Insurance

Thinking of selling your brokerage during COVID-19? Here’s how to proceed

September 8, 2020 by Jason Contant

Canadian brokers considering an upcoming merger or acquisition may understandably be concerned given the economy during the ongoing COVID-19 pandemic, but one property and casualty brokerage M&A expert says his firm’s advice is the same as it’s always been. “That

News Insurance

Brokerage M&A activity surges amid pandemic

September 3, 2020 by Jason Contant

Brokerage consolidation has exploded, with at least six acquisitions announced across Canada in the past week. Most recently, large brokerage Westland Insurance Group  announced Wednesday the closing of four deals, adding new retail offices in British Columbia, Alberta and Manitoba.

News Insurance

Speculative ripple effects of the Aon-Willis merger on the Canadian reinsurance scene

March 20, 2020 by David Gambrill

Aon plc’s announced agreement to acquire Willis Towers Watson in early March for $30-billion in an all-stock deal raises a host of interesting speculative possibilities for Canada’s reinsurance market, a former reinsurance executive in Canada told Canadian Underwriter recently. Among

News BrokersInsuranceMergers and Aqcuisitions

One attractive option for brokerages looking to sell

March 11, 2020 by Jason Contant

Being bought by a private equity firm may be an attractive option for brokerages looking to sell, said veteran P&C industry advisor and consultant Mike Berris, a partner with Smythe Advisory. “Their offering can be attractive in that they often

News BrokersInsuranceMergers and Aqcuisitions

How M&A is tracking so far this year in the Canadian insurance space

March 6, 2020 by Jason Contant

After a bit of a lull in M&A announcements in the Canadian property and casualty space since the beginning of the year, it looks like the market for P&C brokerages and employee benefits solutions remains strong. Deals seem to be

News BrokersInsuranceMergers and AqcuisitionsTechnology

Selling your brokerage? What your potential buyers are looking for

March 4, 2020 by Jason Contant

Brokers who can best balance online distribution with personal advice will reap the benefits in the current merger and acquisition (M&A) environment, a brokerage M&A expert noted recently. “In Canada, brokers have generally been successful in defending against pure direct

News BrokersInsuranceMergers and Aqcuisitions

Don’t make this common M&A mistake

February 20, 2020 by Adam Malik

Growing your business doesn’t necessarily mean you’re creating more value for it. That’s a common mistake people make during merger and acquisition deals, according to one expert. Value is created only when the business gets a return on capital in

News BrokersInsuranceMergers and Aqcuisitions

Why brokerage M&A in Canada will slow down in 2020

January 24, 2020 by Jason Contant

Looking at the number of brokerage acquisitions already in January, you wouldn’t think merger and acquisition (M&A) activity is slowing down. But earlier this month, Willis Towers Watson reported that the global M&A market, with performance in steady decline since

News InsuranceMergers and Aqcuisitions

Who bought who this past week in the Canadian P&C space?

November 4, 2019 by Jason Contant

Global insurance brokerage Hub International Limited has bought another Canadian firm as part of its ongoing strategy to expand its employee benefits and pension solutions. Hub announced Monday it had acquired R Bruce Inc., doing business as RBI Advisory Group.