Keyword
M&A
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…
Soft pricing in global reinsurance market to continue for at least the rest of 2017: Fitch
May 16, 2017 by Canadian UnderwriterThe soft pricing in the global reinsurance market will continue for at least the rest of 2017, ratings firm Fitch Ratings said in a report released Monday. “We expect premium rates to continue declining, due to large volumes of under-deployed…
US$33 billion in 2016 global insurance M&A marks retreat from prior-year levels: Conning
May 15, 2017 by Canadian UnderwriterGlobal insurance mergers and acquisitions (M&A) activity slowed across all sectors in 2016, according to a new study from global investment management firm Conning. The Conning study, 2017: Global Insurer Mergers & Acquisitions in 2016 – Activity Slows, but Pressures…
M&A insurance claims rising, 23% of deals over US$1 billion end in a claim: AIG study
April 20, 2017 by Canadian UnderwriterThe frequency of insurance claims related to mergers and acquisitions (M&A) is rising as large deals prove risky and the average payout on the most severe category of claims tops US$20 million, according to a new global study from American…
Insurance-related M&A activity explodes, insurance company moves in Canada high: OPTIS Partners
April 13, 2017 by Canadian UnderwriterOPTIS Partners has likened recent mergers and acquisitions (M&A) activity among U.S. and Canadian agencies selling p&c insurance and employee benefits to an explosion, with the 178 reported transactions in 2017 Q1 dwarfing the 115 deals in the prior-year quarter.…
Market conditions continue to support high levels of insurance distribution and services M&A activity going forward: Conning
April 3, 2017 by Canadian UnderwriterWhile 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…
84% of polled insurance companies planning to make acquisitions in 2017: KPMG International
March 17, 2017 by Canadian UnderwriterThe lion’s share of insurance companies taking part in a KPMG International-commissioned survey plan to make acquisitions in 2017, with most respondents saying their companies are being driven by need to transform business and operating models. The insurance sector looks…