Keyword
M&A
Reinsurer makes executive changes after M&A deal closes
July 13, 2022 by David GambrillPartnerRe Ltd. made a few executive-level shuffles Wednesday, marking the close of a December 2021 deal in which Covéa agreed to buy Partner Re from Exor for $9 billion in cash. Thierry Derez, CEO of Covéa Group, is replacing Brian…
Two ways brokers can tame the market-consolidation juggernaut
June 28, 2022 by Alyssa DiSabatinoBuilding relationships across the industry and offering consistency can help brokers overcome a slew of future challenges, including quickening market consolidation, an impending recession, diminished capacity and the hard market, say broker executives. “In order to be able to meet…
How much of the industry will change hands in five years: Intact exec
June 22, 2022 by Alyssa DiSabatinoCanada’s largest insurer thinks 15% of insurers will undergo ownership changes in the next five years. “We predict that about 15% of the existing market shares will change hands in the next five years,” said Louis Gagnon, CEO of Intact…
Canadian P&C brokerage space sees four M&A deals in June
June 8, 2022 by Jason ContantMerger and acquisition activity in the Canadian P&C insurance industry is showing no sign of slowing down in the second half of 2022, with the announcement of four transactions by three brokerages already since the beginning of June. McDougall Insurance…
Ownership critical to independence: broker exec
May 10, 2022 Gloria CilliersBrokers are justified in thinking independence is shrinking due to increased consolidation in the P&C industry, according to Lorie Phair, president of the Canadian Broker Network (CBN), Canada’s largest network of independent brokers. To think ownership does not influence a…
Four Canadian brokerages swept up in latest M&A deals
April 11, 2022 by Jason ContantWestern Canada is the target for the latest rounds of acquisitions from large Canadian P&C brokerages. Intact Financial Corporation subsidiary BrokerLink and Westland Insurance Group announced recent acquisitions in northern and southern Alberta, Saskatchewan, and Manitoba. Westland Insurance Group also…
Top 3 concerns of Canadian brokers
March 21, 2022 by David GambrillCanada’s hard market continues to be the Number 1 concern of brokers right now, but with the end of many COVID restrictions, brokers are starting to worry more about the growth of direct-to-consumer distribution models. Market consolidation is slowly but…
Five factors driving M&A activity in 2022
March 15, 2022 Philip PoradoCalendar 2021 marked the first full year of positive mergers and acquisitions (M&A) performance for the world’s deal makers since 2016, said research compiled for WTW’s Quarterly Deal Performance Monitor. The research, conducted in partnership with the M&A Research Center…
Top 4 brokerage steps into new province with acquisition
March 8, 2022 by Jason ContantFounding Navacord broker partner Jones DesLauriers has announced Navacord’s inaugural partnership in Quebec with the addition of Abatis Risk Management (Abatis Gestion de Risques inc.) to its ranks. “The addition of Abatis deepens the Jones DesLauriers’ commercial bench strength, further…
What BrokerLink looks for in an M&A deal
March 7, 2022 by Jason ContantBrokerLink looks at best practices when making an acquisition, recognizing that each deal is unique and doesn’t follow a boiler template, says the brokerage’s president, Joe D’Annunzio. “One of the things for us is we look at best practices,” D’Annunzio…
BrokerLink execs discuss expansion strategy
March 4, 2022 by Jason ContantBrokerLink’s M&A strategy remains focused on regions where it currently does business and is not looking to get into other verticals at the moment, senior executives at the brokerage tell Canadian Underwriter. “The focus continues to be Ontario, Alberta, and…
National brokerage acquires two Ontario-based firms
March 3, 2022 by Jason ContantWestland Insurance Group Ltd. has announced the acquisition of two Ontario-based brokerages: Stewart Morrison Insurance Brokers Ltd. and Transure Insurance Inc. Stewart Morrison Insurance provides home, auto, business, farm and agribusiness, and lifestyle insurance. It has offices in Lindsay, Fenelon…