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News BrokersInsuranceMergers and Aqcuisitions

Three questions to consider when preparing for the next M&A wave

September 29, 2022 by Alyssa DiSabatino

Startups looking to ride the upcoming M&A wave need to hold a mirror up to their businesses and see themselves through the eyes of a potential acquirer, said the author of a recent Harvard Business Review blog.   And insurance

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News AnnouncementsBrokersCommercial LinesInsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

CapriCMW and Rogers Insurance announce merger

September 20, 2022 by Jason Contant

British Columbia-based CapriCMW and Alberta-based Rogers Insurance have announced that they have merged and will be known as Acera Insurance. The merger will create a company with 1,000 employees located in more than 50 offices across Alberta, B.C., Ontario and

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News BrokersInsurance

Busy month in M&A for BrokerLink, Westland

September 14, 2022 by Jason Contant

BrokerLink and Westland Insurance Group announced a series of brokerage M&A deals in September, including the acquisitions of a total of four brokerages and one employee benefits firm between them.  BrokerLink announced the acquisition of J.W. Davis Insurance Brokers and

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News Commercial LinesEarnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Post-demutualization: Definity’s plans for the future

September 13, 2022 by Jason Contant

Definity Financial Corporation is maintaining its goal of becoming a Top 5 insurance company through a combination of organic growth and M&A activity, Definity president and CEO Rowan Saunders suggested during a recent financial services conference. “One of the drivers

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News Insurance

Behind the scenes of an aggressive brokerage consolidator

August 19, 2022 by Jason Contant

Synex Business Performance plans to end this year with more than $1 billion in premium, a far cry from its humble beginnings of $3 million in premium just seven years ago. Currently, the Quebec City-based holding company has about $800

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News Insurance

Hub acquisition targets credit insurance, risk management

August 12, 2022 by Jason Contant

Hub International has strengthened its credit insurance and risk management capabilities by acquiring Ottawa-based Jaimac Risk Management Inc. Chicago-based global brokerage Hub announced the acquisition Friday. Jaimac is an independent insurance brokerage specializing in risk management and credit insurance for

News BrokersInsuranceMergers and Aqcuisitions

Navacord makes its largest deal of the year

August 10, 2022 by Alyssa DiSabatino

Navacord Corp. has completed its 20th and largest M&A deal of the year following its partnership with Insurance Store, effective Aug. 1, 2022.   Headquartered in Windsor, Insurance Store has five offices across Ontario in Barrie, Collingwood, Chatham, and Woodstock,

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News AnnouncementsBrokersEmploymentInsuranceMergers and Aqcuisitions

The latest commercial brokerage to snap up an employment benefits firm

August 4, 2022 by David Gambrill

In keeping with the trend of Canadian commercial insurance brokerages offering expanded financial services, Westland Insurance Group yesterday acquired one of Ontario’s largest employee benefits consulting groups, The Winch Group. The Winch Group is a full-service brokerage specializing in employee

Merger and acquisition partnership
News Insurance

What Navacord’s 15th deal of the year brought into the fold

July 26, 2022 by Jason Contant

Navacord Corp. has completed its 15th M&A deal of the year, this one involving a large commercial brokerage known for its risk management expertise with automotive dealerships. Navacord’s latest partnership is with Ottawa-based Binks Insurance Brokers Limited. Founded in 1918,

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News Insurance

By much how did M&A deals increase year over year?

July 19, 2022 by Jason Contant

The M&A market continues to burn red-hot, with deals for property & casualty and benefits brokers in Canada and the United States up 16% in the first half of 2022 compared to 2021, according to M&A advisory firm OPTIS Partners.

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News Insurance

Gallagher buys Canadian executive search firm

July 18, 2022 by Jason Contant

In an age of non-stop brokerage-to-brokerage M&A, Arthur J. Gallagher & Co. has taken a different approach with its latest acquisition. Rolling Meadows, Ill.-based Gallagher today announced acquisition of Toronto-based Four Corners Group Inc., an executive search firm operating throughout

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News Insurance

BrokerLink closes three more acquisitions across Canada

July 15, 2022 by Jason Contant

BrokerLink is continuing its expansion into Alberta, Ontario and Atlantic Canada with the acquisition of three more brokerages over the past couple months. A subsidiary of Intact Financial Corporation, BrokerLink closed the acquisition of New Brunswick-based McTague Insurance on June