Canadian Underwriter

Keyword
M&A


Mergers and acquisitions due diligence is important
News BrokersInsuranceMergers and Aqcuisitions

Will fewer mergers reduce reps and warranties insurance pricing?

June 7, 2023 Jason Contant

Pricing in the representations and warranties (R&W) insurance market has softened relative to the hard market conditions experienced from the start of 2021 into the first half of 2022, industry professionals told CU. R&W insurance protects against financial loss arising

Two groups of employees join together after merger
News AnnouncementsBrokersInsuranceMergers and Aqcuisitions

BrokerLink buys Burlington brokerage

June 6, 2023 Philip Porado

For the sixth time so far in 2023, BrokerLink has grown its market share through M&A, this time with the acquisition of Burlington, Ont.-based T.K. WoodMar Insurance & Financial Group. WoodMar has offered commercial (business owner, liability and commercial vehicle),

Talent acquisition concept
News BrokersCommercial LinesInsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

BrokerLink president shares thoughts on brokerage M&A

May 24, 2023 by Jason Contant

BrokerLink still sees plenty of M&A opportunities in provinces where it currently operates and doesn’t have any immediate plans to expand into new geographic areas, the brokerage’s president told Canadian Underwriter in an interview Tuesday. BrokerLink is focusing its resources

Two groups in parentheses strive for unity. Generalization and reunification into a larger organization. Merger of companies, joining forces. Reconciliation and consensus.
News BrokersEarnings / RatingsInsuranceMergers and Aqcuisitions

McDougall-McFarlan merger just the beginning for Definity

May 15, 2023 by David Gambrill

McDougall’s $232-million merger with Ontario brokerage McFarlan Rowlands last week is only the beginning for Definity, which is seeking more M&A growth to put it into the Top-5 P&C insurance companies in Canada. In its 2023 Q1 earnings call, Definity

Jigsaw puzzle pieces - M&A concept
News BrokersInsuranceMergers and Aqcuisitions

IBAO CEO’s thoughts on McDougall-McFarlan Rowlands merger

May 10, 2023 by Jason Contant

McDougall Insurance’s recent merger with McFarlan Rowlands shows the broker distribution network continues to be a healthy investment choice, Insurance Brokers Association of Ontario (IBAO) CEO Colin Simpson told Canadian Underwriter recently. Of course, the larger independent brokerage groups become,

Purchasing cannabis with a credit card
News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / Coverages

How is the cannabis insurance market faring? 

May 9, 2023 by Jason Contant

Four-and-a-half years after recreational marijuana use was legalized in Canada, cannabis companies continue to face a number of challenges, including insolvency, consolidation and low or flat growth, according to a recent report from EY Canada. “Established/mature markets — including Canada,

Laying a brick wall to represent building a business
News BrokersInsurance

Brokers optimistic about growth, but support for 2 key M&A strategies declines

May 1, 2023 Philip Porado

While property and casualty (P&C) insurance brokers in Canada said they’re optimistic about the future, Canadian Underwriter‘s 2023 National Broker Survey shows declining support for two key brokerage growth strategies, including M&A. When asked about expected financial performance in 2023,

We've got ourselves a deal
News BrokersInsuranceMarkets / CoveragesMergers and Aqcuisitions

Navacord makes largest acquisition of the year

April 24, 2023 by Jason Contant

Navacord has made its fifth and largest transaction of the year with the acquisition of British Columbia-based SeaFirst Insurance Brokers, effective Apr. 1. With roots dating back to 1950, SeaFirst Insurance has since grown to one of the largest commercial

News BrokersClaimsCommercial LinesInsuranceMergers and AqcuisitionsRisk

Deal or no deal? What happens when you’re breached during M&A transaction

April 3, 2023 by Alyssa DiSabatino

An M&A transaction can become even more complicated for both seller and buyer alike when a cyber breach occurs during the deal, experts at NetDiligence Cyber Risk Summit shared.  Due diligence and adequate representations and warranties (R&W) coverage during the

Dollar bills falling from above over a cyber background of binary code
News BrokersInsuranceMergers and AqcuisitionsRiskTechnology

Why experiencing a cyber breach may make for a better M&A deal

March 30, 2023 by Alyssa DiSabatino

It’s not going to be a walk in the park, but experiencing a cyber breach isn’t necessarily all doom and gloom, either.  A cyber-attack may help an industry organization up the ante on their cybersecurity — and that makes them

Jigsaw puzzle piece with red arrow facing the opposite direction from crowd.
News BrokersEarnings / RatingsInsuranceMergers and Aqcuisitions

How a recession could affect M&A deals in P&C insurance

March 3, 2023 by David Gambrill

Threats of an economic recession in Canada are not likely to dampen mergers and acquisitions activity in the property and casualty insurance brokerage sector in 2023, one M&A expert predicts. Although M&A activity contracted in some industry sectors towards the

Blocks with M&A written on them
News AnnouncementsBrokersInsuranceMergers and Aqcuisitions

Stoneridge Insurance Brokers expands its Canadian footprint

February 17, 2023 by Alyssa DiSabatino

Stoneridge Insurance Brokers (SIB) has expanded its P&C business on both coasts, with its acquisition of Eisenhauer Insurance Inc. in the Maritimes and Asset Insurance Brokers in western Canada.   Plus, SIB’s CEO says the brokerage is in the process