Canadian Underwriter

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M&A

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.

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5 lessons for M&A newbies, courtesy of serial acquirers

October 10, 2019 by Jason Contant

What are some of the best practices in mergers and acquisitions (M&A)? David Hunt, senior director of mergers and acquisitions at Willis Towers Watson, said in a recent blog that newcomers can learn from the best serial acquirers. While not

News BrokersInsuranceMergers and Aqcuisitions

How many brokerages have been bought in the past week?

October 8, 2019 by Jason Contant

The trend in brokerage mergers and acquisitions (M&A) remains strong with no sign of abating, as three large brokerages scooped up no less than eight firms in the past week. On Oct. 2, Hub International announced that it had acquired

News BrokersInsuranceMergers and Aqcuisitions

How smaller brokerages can survive in a mega-merger environment

August 16, 2019 by Jason Contant

As mergers and acquisitions ramp up in the Canadian P&C space, smaller brokerages will need to go for scale or niche to survive, brokers say. “As of late, with Wawanesa buying Western Financial, NFP buying a half-dozen really big brokers,

News BrokersInsuranceMergers and Aqcuisitions

What’s driving brokerage M&A in Canada?

August 13, 2019 by Jason Contant

What does the current market look like for merger and acquisition (M&A) activity in the Canadian P&C brokerage space? “The current market is primarily being driven by underwriters and private equity (PE) investors,” wrote Mike Berris, partner and practice group

News Mergers and Aqcuisitions

Two 100-year-old mutual insurers vote to amalgamate

July 13, 2018 by David Gambrill

Norfolk Mutual Insurance Company and Wabisa Mutual Insurance Company in Ontario have voted to amalgamate under the new name “Nova Mutual.” The two mutuals held separate special general meetings Tuesday on the proposed amalgamation, scheduled to take effect January 1,

News AnnouncementsBrokersInsuranceMergers and Aqcuisitions

How this top-tier Canadian brokerage plans to double its revenue in 5 years

July 11, 2018 by David Gambrill

Navacord Inc., Canada’s fifth-largest insurance brokerage by premium volume, has entered into an agreement that will see a management-led buyout of its minority capital partner, Fairfax Financial Holdings Ltd., with the support of Madison Dearborn Partners (MDP), a leading private

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Canada’s future M&A battleground: tech acquisitions

February 27, 2018 by Jason Contant

Natural resource industries still drive most Canadian mergers and acquisitions, but the financial services, technology and consumer industries are also expected to see a lot of M&A activity as the economy evolves, according to a new report. And one important

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

2 key concerns for brokers in 2018

January 4, 2018 by Jason Contant

Merger activity and technology are two major issues facing brokers looking forward into 2018, says the new Insurance Brokers Association of Ontario (IBAO) president Brian Purcell. Purcell talked to Canadian Underwriter shortly after beginning his new role as IBAO president

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Global M&A: How does Canada compare?

November 14, 2017 by Canadian Underwriter

Fewer insurance merger and acquisition (M&A) deals are being completed in the global insurance industry, but Canadian M&A does not appear to be following the global decline. Global M&A volume sunk by 12.3% in the first half of 2017, although

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Canadian M&A ahead of last year as private equity, outbound deal activity increases through Q3: PwC Canada

November 8, 2017 Jason Contant, Online Editor

The number of Canadian mergers and acquisitions (M&A) through the third quarter of this year increased to 1,879 from 1,522 during the same period in 2016, according to PwC Canada’s first Deals report, released on Monday. A PwC Canada spokesperson

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

M&A insurance buoyant as premiums and retentions fall, JLT Specialty survey finds

September 19, 2017 by Canadian Underwriter

The mergers and acquisitions (M&A) insurance market is facing “significant growth” linked to falling rates and lower retention levels as a result of increasing competition, a new report from specialist insurance broker and risk consultant JLT Specialty Limited has found.