Canadian Underwriter

Keyword
M&A


One businessperson in a grey suit is pictured handing a silver baton over to another businessperson in a black suit.
News BrokersInsuranceMarkets / CoveragesMergers and Aqcuisitions

How much of the industry will change hands in five years: Intact exec

June 22, 2022 by Alyssa DiSabatino

Canada’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

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News Insurance

Canadian P&C brokerage space sees four M&A deals in June

June 8, 2022 by Jason Contant

Merger 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

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News BrokersInsuranceRisk

Ownership critical to independence: broker exec

May 10, 2022 Gloria Cilliers

Brokers 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

Mergers and acquisitions concept
News Insurance

Four Canadian brokerages swept up in latest M&A deals

April 11, 2022 by Jason Contant

Western 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

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News BrokersInsuranceMarkets / Coverages

Top 3 concerns of Canadian brokers

March 21, 2022 by David Gambrill

Canada’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

Puzzle pieces representing M&A.
News Earnings / RatingsInsuranceMergers and Aqcuisitions

Five factors driving M&A activity in 2022

March 15, 2022 Philip Porado

Calendar 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

Business people shaking hands in the office
News Insurance

Top 4 brokerage steps into new province with acquisition

March 8, 2022 by Jason Contant

Founding 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

Mergers and acquisition concept
News Insurance

What BrokerLink looks for in an M&A deal

March 7, 2022 by Jason Contant

BrokerLink 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

Business development and expansion concept
News Insurance

BrokerLink execs discuss expansion strategy

March 4, 2022 by Jason Contant

BrokerLink’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

Concept of a business acquisition
News Insurance

National brokerage acquires two Ontario-based firms

March 3, 2022 by Jason Contant

Westland 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

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News BrokersMergers and Aqcuisitions

How independent brokers can compete with the ‘big boys’

February 18, 2022 Gloria Cilliers

Of the list of things keeping independent brokers up at night, none is more daunting than finding ways to compete with an “overwhelming amount of consolidators swallowing the industry,” say members of Canada’s largest network of independent brokers. “It’s a

Jigsaw puzzle pieces standing on end
News Insurance

Westland’s newest brokerage acquisition

February 3, 2022 Canadian Underwriter Staff

Westland Insurance Group has continued its expansion spree, today announcing acquisition of Campbell, Roy & Eldridge Insurance Services. Markham, Ont.-based Campbell, Roy & Eldridge offers a wide range of coverages, including home, condo, auto, RV, motorcycle, boat, watercraft, business, trucking