Keyword
mergers and acquisitions
New Allianz unit to write representations and warranties insurance in Canada
July 20, 2016 by Canadian UnderwriterAllianz Global Corporate & Specialty (AGCS) SE announced Wednesday its new transactional liability unit in North America. “This new practice will offer financial protection specifically to protect against inaccuracies made about target companies or businesses in connection with mergers, acquisitions…
Berkshire Hathaway Specialty Insurance enters into transactional liability insurance market in Canada and the U.S.
July 19, 2016 by Canadian UnderwriterBerkshire Hathaway Specialty Insurance (BHSI) announced on Tuesday that it has expanded into the transactional liability insurance market in Canada and the United States. BHSI also said in a press release that it has named Robert Underhill as senior vice…
U.S. telematics, UBI face market limits, value-added services may be key to growth: Novarica
July 13, 2016 by Canadian UnderwriterA focus on services-based programs, and not discounts, will be a crucial differentiator for telematics and usage-based insurance (UBI) in the United States as insurers look to increase customer adoption and market growth, research and advisory firm Novarica said in…
BrokerLink announces acquisition of Cornerstone Insurance Brokers Ltd.
July 5, 2016 by Canadian UnderwriterBrokerLink will welcome 90-plus employees and increase the property and casualty insurance brokerage’s footprint to more than 75 locations in Ontario with the acquisition of Cornerstone Insurance Brokers Ltd. The terms of the transaction were not disclosed, notes a statement…
Cyber security enters U.S. manufacturers’ Top 10 risks: BDO
June 22, 2016 by Canadian UnderwriterCyber security now ranks among the Top 10 risk factors of manufacturers south of the border, notes a report issued Tuesday by accounting and consulting organization BDO USA, LLP. The lion’s share of manufacturers in the United States analyzed in…
Ironshore’s M&A unit establishes an Americas presence, names management appointments in Toronto, New York and Atlanta
June 14, 2016 by Canadian UnderwriterIronshore International announced on Monday that its global Mergers & Acquisitions unit will establish an Americas presence to “address complex, multi-jurisdictional transactions within the North and Latin American regions.” The Americas team will be led by Navine K. Aggarwal, who…
Soft market conditions remain largest concern for global reinsurers: survey
June 13, 2016 by Canadian UnderwriterSoft market conditions continue to be the biggest concern for the global reinsurance industry, according to Xuber’s Global Reinsurance Survey 2016, released on Friday. The second annual survey from Xuber, the commercial insurance software business of Xchanging, a CSC Company,…
Joining Forces
May 1, 2016 Janice Deganis, Canadian Insurance Leader; and Ron Stokes, Canadian Financial Services Transactions Leader, EYThe consolidation trend continues in the property and casualty market in Canada, as carriers seek new product lines and distribution channels. But a sound integration plan, including technology, legal and actuarial processes, is just as important as selecting an acquisition target.
Lack of “people focus” hampers financial success of M&A: Willis Towers Watson
April 19, 2016 by Canadian UnderwriterMore than four in 10 (42% of) polled insurance companies “recognize the critical importance of cultural integration and of hiring and retaining employees to the overall success of a deal,” according to a survey of senior insurance executives conducted by…
Reinsurance market has ‘awful lot of choice for buyers:’ Aon Benfield Canada CEO
April 13, 2016 Greg Meckbach, Associate EditorThere has been “very little impact,” on brokers and cedents, from recent mergers and acquisitions in the reinsurance industry, a speaker suggested Wednesday at Insurance Bureau of Canada’s Financial Affairs Symposium. “I think, a little surprisingly, to date there has…
U.S. D&O insurance pricing pressure to dampen performance: Fitch
April 13, 2016 by Canadian UnderwriterMarket conditions are evolving in the directors’ and officers’ (D&O) liability insurance market in the United States, with merger and acquisition activity in 2015 facilitating greater market concentration, according to a new report from Fitch Ratings. The report, titled U.S.…