Cyber risk goes up if a company goes through a merger or acquisition, an information security consultant suggests. One way your client can reduce cyber risk is to know what hardware and software is on their computer network, Jeremy Hurst,…
Hub International Ltd. continues to buy Canadian property and casualty brokerages, with the acquisition of Ottawa-based Access Insurance Brokers Inc. as well as a Saskatchewan provider of farm insurance. Chicago-based Hub announced Monday it has acquired Frontier Business Centre Ltd.,…
The corporate parent of Canada’s fourth-largest liability insurer – American International Group Inc. – is actively looking for companies to acquire. “I always look for acquisitions,” said Brian Duppereault, CEO of New York City-based AIG, during a recent earnings call.…
Mergers and acquisitions will likely be a topic of discussion for mid-market reinsurers, executives with a large European reinsurer suggest. Efforts by large reinsurers to improve productivity will put “more pressure” on mid-sized and smaller reinsurers “to have this strategic…
Brokers can expect to see a major carrier consolidation deal this year, assuming the prediction of a major mergers and acquisitions (M&A) advisory firm holds true. Of the top 10 Canadian P&C insurers, “it could be expected that a few…
It appears that surveyed reinsurers have finally reached the technology tipping point. Digitization is now seen as key to the change that must unfold. It is believed that those who quickly move to create solutions that are grounded in modern technology, taking into account how insurance is bought, sold and managed, will be the most likely winners.