Canadian Underwriter

Keyword
Mergers and Acquisition

Pressing the 'buy' key to represent purchase of an insurance brokerage
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How higher interest rates and inflation affect brokerage M&A

October 19, 2023 Jason Contant

Financial institutions, more often than not, have surplus capital. “To satisfy their shareholders, either they need to invest that capital or buy into businesses so they can have a return,” notes Suzanne Pountney, president of Insurance Brokers Association of Ontario

Road forks meet to represent a merger
News Insurance

U.K.-based firm buys two Canada brokerages

September 12, 2023 Canadian Underwriter Staff

Looks as if the summer 2023 P&C brokerage merger train will keep on rolling into the fall. Specialist insurance and reinsurance broker BMS Group has acquired Canada-based insurance brokers, Smith & Reid Insurance Brokers Ltd. and O’Neil Insurance. Smith &

News Insurance

2021 set to be record year for M&A insurance: report

August 31, 2021 Canadian Underwriter Staff

This year will be a record year for mergers and acquisitions insurance, a recent report by global independent broker BMS Group estimates. The inaugural Private Equity, M&A and Tax Insurance Report, released in May, found that while the COVID-19 pandemic

News Insurance

An expert’s guess on how long the D&O hard market will last

June 16, 2021 by Adam Malik

While things may not get any worse in the directors and officers (D&O) liability market, it’ll still be about another 18 months until things start to turn for the better, an expert in the area predicted. “I don’t see it

Office workstation top view with businesspeople working around M&A
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Thompson leaving RSA Canada following Intact acquisition

June 1, 2021 by Greg Meckbach

RSA Canada CEO Martin Thompson is leaving the company, says the insurer’s new owner, Intact Financial Corp. Intact and Danish insurer Tryg A/S announced Tuesday they have completed their acquisition of London-based RSA PLC. As part of the deal, Toronto-based

News Insurance

Sky’s still the limit for Canadian P&C industry consolidation: broker exec

April 6, 2021 by Adam Malik

Canadian property and casualty insurers have seen many a deal take place over the years — and it would be no surprise to see more to come, says a broker executive. During the latest edition of the Insurance Institute of

News Insurance

The tough calls broker, insurers will be making this year

January 25, 2021 by Adam Malik

Pressure on insurers to provide sustainable results, brokers expanding their service offerings and the growing gap between big and small are just some of the trends the P&C insurance industry will face this year that will give leaders plenty to

News Insurance

Opinion: Looking to acquire? Don’t forget about intellectual property

November 19, 2020 Kristian Kolsaker and Angus Marshall, CFC Underwriting

Intellectual property rights are a crucial part of any merger or acquisition so it’s important, whether you are engaging in an industry merger or advising clients on a deal, to consider ways to avoid potential infringements. Intellectual property (IP) has

Office workstation top view with businesspeople working around M&A
News AssociationsBrokersMergers and Aqcuisitions

The downside of selling for 4 times multiple during COVID

October 23, 2020 by Greg Meckbach

Despite the economic disruption from the COVID-19 pandemic, some brokerage owners could sell their business for multiples of more than four times revenue, but there is potential downside to this, Ontario brokers heard Wednesday at their annual convention. “About 15

News BrokersInsuranceMergers and Aqcuisitions

Why this BrokerLink exec thinks COVID could accelerate brokerage M&A

August 12, 2020 by David Gambrill

Before the pandemic, hard market conditions and the increasing digitization of brokerages were already reasons for some broker principals to ponder selling the business and moving on, but the novel coronavirus may have further accelerated the pace of M&A, says

News BrokersInsuranceMergers and Aqcuisitions

Don’t make this common M&A mistake

February 20, 2020 by Adam Malik

Growing your business doesn’t necessarily mean you’re creating more value for it. That’s a common mistake people make during merger and acquisition deals, according to one expert. Value is created only when the business gets a return on capital in

News InsuranceMergers and Aqcuisitions

Intact buys restoration firm

August 7, 2019 by Adam Malik

Intact Financial Corporation has entered the restoration services area. The insurer has struck a deal to acquire Vancouver-based On Side Restoration. The company announced the acquisition late on Aug. 6, which it says will strengthen its ability to provide claims