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merger

News InsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

XL Catlin Canada part of AXA’s $15.3-billion acquisition of XL Group

March 5, 2018 by David Gambrill

The AXA Group, based in France, has entered into a $15.3-billion agreement to acquire 100% of XL Group Ltd., which includes Canadian subsidiary XL Catlin Canada. The merger agreement, expected to close in the second half of 2018, has been

News AnnouncementsAssociationsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Mutual mergers: stepping stone to demutualization?

January 8, 2018 by Jason Contant

With Economical Insurance on the road to demutualization, the question has always been: will other mutuals follow suit? But another possibility is that some of the smaller Canadian mutual insurers may merge to form larger entities in anticipation of demutualizing

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

The story behind Quebec merger of two independent brokerages

December 6, 2017 David Gambrill, Editor-in-Chief

Quebec independent brokerage Fort Financial Group Inc. has acquired Montreal based Assurances ABZ, a property and casualty insurance company specializing in group benefits and serving business owners and executives. Fundamentally, the move is an example of an independent broker finding

News AnnouncementsAppointmentsInsuranceMergers and AqcuisitionsTechnology

Octo Telematics to acquire Willis Towers Watson’s UBI assets; firms to partner on insurance-related products

October 12, 2017 by Canadian Underwriter

Octo Telematics and Willis Towers Watson (WTW) have reached an agreement in which the former will acquire the latter’s usage-based insurance (UBI) assets, setting the stage for the two companies to work together on more auto telematics opportunities. Leveraging Octo’s

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Q2 commission, fee growth flat at Willis Towers Watson

August 4, 2017 by Canadian Underwriter

Willis Towers Watson plc reported Thursday its commissions and fees from corporate risk and broking were $624 million during the three months ending June 30, a slight drop from $627 million during the same period in 2016. “North America organic

News InsuranceMergers and Aqcuisitions

McDougall Insurance & Financial merges with Monkman Gracie Johnston Insurance

August 1, 2017 by Canadian Underwriter

Ross McDougall, CEO of McDougall Insurance & Financial, announced on Tuesday that the brokerage has merged with Monkman Gracie Johnston Insurance effective immediately. Operating out of Peterborough, Ont., Monkman Insurance and its 22 employees join Belleville, Ont.-headquartered McDougall Insurance to

News InsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

‘Significantly more’ than 90% of Allied World Assurance shareholders expected to tender stock for Fairfax merger

July 5, 2017 by Canadian Underwriter

Officials with Allied World Assurance Company Holdings AG “fully expect” that all closing conditions for the merger with Toronto-based Fairfax Financial Holdings Limited will be met by Thursday, Allied World suggested in Wednesday in a press release. A deadline, for

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

CEP Forensic and Sintra Engineering merge to create “Canada’s largest forensic engineering firm”

July 4, 2017 by Canadian Underwriter

CEP Forensic Inc. and Sintra Engineering Inc., eastern and western Canadian forensic engineering providers, have announced a merger to create what they are calling the country’s largest forensic engineering firm. The newly created entity, CEP-Sintra, will have close to one

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsReinsurance

‘All regulatory approvals’ received for Fairfax-Allied World merger but deal still not complete

June 29, 2017 by Canadian Underwriter

Toronto’s Fairfax Financial Holdings Ltd. announced Thursday it now has “all regulatory approvals that are necessary” for it to merge with Swiss insurer and reinsurer Allied World Assurance Company Holdings AG but suggested fewer than 90% of Allied World shareholders

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsReinsurance

161 companies have exited Canadian P&C market in past 20 years, 96% voluntarily: PACICC

April 13, 2017 Jason Contant, Online Editor

Over the past 20 years, 161 different insurance companies have exited the Canadian P&C market, 96% of which were voluntary exits, according to a new report from the Property and Casualty Insurance Compensation Corporation (PACICC). The report, the 11th in

News InsuranceMarkets / CoveragesProfessional Development

Canadian Reports and US-Reports merge to create risk solutions company Afirm

February 22, 2017 by Canadian Underwriter

H.W. Kaufman Financial Group announced on Wednesday that it has “strategically” combined US-Reports and Canadian Reports, rebranding both companies under the name Afirm. The merger will continue their global presence and allow a single source for loss control inspection, premium

News ConstructionInsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

CMW Insurance Services, Capri Insurance Services merger positions new company for growth

January 10, 2017 by Canadian Underwriter

The merger of CMW Insurance Services Ltd. and Capri Insurance Services Ltd. creates one of the largest independent, employee-owned insurance brokerages and risk management firms in Western Canada, the companies reported Monday. Effective Jan. 1, 2017, “the merger leverages the