Keyword
M&A
Ironshore Specialty Casualty construction cover now addresses M&A transition exposures
March 10, 2017 by Canadian UnderwriterBermuda-based Ironshore Specialty Casualty has enhanced its Transition Protection policy form to address contractual exposures associated with an organizational merger or acquisition (M&A) specific to the construction industry. Construction companies typically have contractual requirements to obtain insurance coverage for work…
Global market for autonomous, assistive safety and comfort vehicle features up to US$26 billion annually by 2025: Bain & Company
March 7, 2017 by Canadian UnderwriterAutonomous vehicles are revving up, with Bain & Company Inc. forecasting annual growth of 12% to 14% for the global market of autonomous and assistive safety and comfort features by 2025. That translates to a global B2B market of US$22…
CFC Underwriting increases limits across transaction liability product suite to up to US$50 million in North America
March 2, 2017 by Canadian UnderwriterLondon, United Kingdom-based specialist lines underwriting agency, CFC Underwriting, announced on Thursday that it has increased the available limits of its transaction liability insurance product suite across all territories. CFC now has the capacity to offer limits up to US$50…
Nearly half of global insurers expect to acquire new technologies through M&A in the next three years: Willis Towers Watson survey
February 17, 2017 by Canadian UnderwriterNearly three-quarters of global insurers (74%) believe that their sector has failed to show leadership in digital innovation, according to a new survey by Willis Towers Watson (WTW) released on Thursday. The report, titled New horizons: How diverse growth strategies…
Insurance agency M&A in Canada and U.S. in 2016 second-highest recorded: study
February 1, 2017 by Canadian UnderwriterMergers and acquisitions (M&A) of insurance agencies last year were the second-highest ever in 2016 at 449 deals in Canada and the United States, a slight dip from the all-time record of 456 in 2015, according to OPTIS Partners’ annual…
CMW Insurance Services, Capri Insurance Services merger positions new company for growth
January 10, 2017 by Canadian UnderwriterThe merger of CMW Insurance Services Ltd. and Capri Insurance Services Ltd. creates one of the largest independent, employee-owned insurance brokerages and risk management firms in Western Canada, the companies reported Monday. Effective Jan. 1, 2017, “the merger leverages the…
Fourth quarter 2016 M&A deal volumes fall from Q4 2015: Willis Towers Watson
December 21, 2016 by Canadian UnderwriterDeal volumes for the fourth quarter of 2016 so far have fallen to 201 deals compared to 307 in Q4 2015, according to Willis Towers Watson’s (WTW) latest Quarterly Deal Performance Monitor (QDPM), released on Tuesday. While there is a…
Continued consolidation in Canadian broker and carrier spaces could create absence of mid-sized players: KPMG conference speaker
December 7, 2016 Jason Contant, Online EditorThe continued consolidation in both the insurance broker and carrier spaces in Canada could create an absence of mid-sized players, a speaker suggested on Wednesday at KPMG’s 25th Annual Insurance Conference in Toronto. “You could see a creation of an…
U.S. mergers and acquisitions activity expected to remain steady in 2017: KPMG
November 17, 2016 by Canadian UnderwriterMerger and acquisition (M&A) activity in the United States is expected to remain steady in 2017 compared to the deal levels of 2016, according to a recent survey by audit, tax and advisory firm KPMG LLP. Of the 94 respondents…
Weakening reinsurance environment leaving more reinsurers vulnerable to takeover in 2017: Fitch
September 13, 2016 by Canadian UnderwriterWeak profitability is likely to leave more reinsurers worldwide vulnerable to takeover in 2017, reinvigorating mergers and acquisitions (M&A) activity as healthier firms seek growth and efficiency savings, Fitch Ratings said on Monday. Consolidation in the sector has stalled after…
Global P&C insurance market forecast to grow at a compound annual growth rate of 5.77% from 2016 to 2020
May 31, 2016 by Canadian UnderwriterThe global property and casualty insurance market is forecast to grow at a compound annual growth rate (CAGR) of 5.77% during the period of 2016 to 2020, according to a new report from Research and Markets. The report from the…
Canadian, U.S. insurance agency mergers and acquisitions in Q1 breaks record, OPTIS Partners’ report reveals
May 12, 2016 by Canadian UnderwriterInsurance agency mergers and acquisitions in Canada and the United States hit an all-time high for the first quarter of the year, with 109 reported transactions in the first three months of 2016, according to OPTIS Partners’ M&A database. The…