Keyword
M&A
How smaller brokerages can survive in a mega-merger environment
August 16, 2019 by Jason ContantAs 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,…
What’s driving brokerage M&A in Canada?
August 13, 2019 by Jason ContantWhat 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…
Two 100-year-old mutual insurers vote to amalgamate
July 13, 2018 by David GambrillNorfolk 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,…
How this top-tier Canadian brokerage plans to double its revenue in 5 years
July 11, 2018 by David GambrillNavacord 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…
Canada’s future M&A battleground: tech acquisitions
February 27, 2018 by Jason ContantNatural 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…
2 key concerns for brokers in 2018
January 4, 2018 by Jason ContantMerger 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…
Global M&A: How does Canada compare?
November 14, 2017 by Canadian UnderwriterFewer 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…
Canadian M&A ahead of last year as private equity, outbound deal activity increases through Q3: PwC Canada
November 8, 2017 Jason Contant, Online EditorThe 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…
M&A insurance buoyant as premiums and retentions fall, JLT Specialty survey finds
September 19, 2017 by Canadian UnderwriterThe 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.…
“Notable shift” in North American perils is inclusion of Canada in covered areas of cat bonds: Aon Securities
September 7, 2017 by Canadian UnderwriterCatastrophe bond issuance in the 12 months ending June 30, 2017, reached a historic US$11.3 billion, nearly US$2 billion larger than the previous all-time record, Aon Securities said in a new report. Aon Securities, the investment banking division of global…
Global insurance M&A hits two-year low: Clyde and Co report
August 4, 2017 by Canadian UnderwriterThe volume of completed mergers and acquisitions (M&A) worldwide in the insurance industry continued its downward trend, with 170 deals in the first six months of 2017 compared to 186 in the preceding period, according to a new report from…
Global acquirers underperformed in the second quarter: Willis Towers Watson
June 23, 2017 by Canadian UnderwriterThe global mergers and acquisitions (M&A) market underperformed in the second quarter of 2017, as Europe M&A bucked the trend and market volatility and economic uncertainty depressed performance in North America and Asia, according to Willis Towers Watson’s (WTW) latest…