Keyword
McDougall Insurance
Definity’s plans for brokerage, insurer M&A
November 28, 2022 by Jason ContantDefinity Financial Corporation is interested in both P&C brokerage and carrier acquisitions, the insurer’s president and CEO Rowan Saunders confirmed during a recent virtual fireside chat with RBC Capital Markets. “Even though we’ve just recently done a significant acquisition in…
Definity acquires majority stake in an Ontario brokerage
October 7, 2022 by Jason ContantDefinity Financial Corporation has increased its ownership interest in Ontario-based brokerage McDougall Insurance from approximately 25% to 75%, “building a broker partnership with proven M&A expertise.” The partnership is for a cash consideration of $217 million (subject to post-closing adjustments),…
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…
How are Ontario brokerages handling the new omicron restrictions?
January 20, 2022 by Alyssa DiSabatinoIn December, things were looking up. Despite rising COVID-19 infections from the upwardly-rampant omicron variant, many business sectors began to hopefully reopen as pandemic restrictions loosened and workers started coming back to the office part-time – a change from the…
Brokerage expands into Yukon with acquisition
January 14, 2020 by Jason ContantWestern Canadian independent insurance brokerage CapriCMW Insurance Services Ltd. announced Monday it has expanded into Yukon with the acquisition of an office from Aon Reed Stenhouse Inc. The longstanding Aon office at 201-9016 Quartz Road in Whitehorse will begin operating…
The latest brokerage to join the parade of M&A in 2020
January 8, 2020 by Jason ContantAnother day, another acquisition. McDougall Insurance and Financial has merged with Provenance Insurance Services Ltd., which operates as Knox Hutchison Insurance Services (North Bay), Municipal Insurance Services (North Bay) and Dynamic Insurance Brokers (Sudbury). Provenance will join with McDougall to…
McDougall merges with Barrie, Ontario brokerage
January 9, 2019 by Greg MeckbachMcDougall Insurance Brokers of Belleville, Ont. announced Tuesday it has merged with Barrie-based Dusome Insurance Brokers. The combined firm has 34 offices, including Kingston, Peterborough, Deep River, Pembroke, Orillia, Trenton, Cornwall and Oshawa. Dusome’s 11 employees will join McDougall as…