Canadian Underwriter

private equity

Digital puzzle pieces; digital M&A concept
News BrokersCommercial LinesEmploymentInsuranceMarkets / CoveragesMergers and AqcuisitionsMGAsProfessional DevelopmentTechnology

Private equity firm acquires digital brokerage

December 8, 2023 by Jason Contant

Private equity firm Southampton Financial Inc. has announced its acquisition of Ontario-based digital insurance brokerage aha insurance. Launched in 2017, Waterloo, Ont.-based aha insurance offers consumers the ability to quote, purchase and manage car and home insurance policies entirely online.

The words 'private equity' appearing above a laptop
News BrokersInsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

Has private equity interest in P&C brokerages peaked?

November 21, 2023 by Jason Contant

Private equity interest in the Canadian P&C brokerage space is showing no sign of slowing down, industry observers said last week at KPMG’s 2023 Insurance Conference in Toronto.  Private equity groups remain eager to acquire Canadian brokerages, said Andrew Mathias,

Will rising costs to borrow money destroy brokerage merger deals?
News BrokersInsurance

Will rising interest rates kill brokerage M&A?

November 20, 2023 David Gambrill

Reports of the death of brokerage mergers and acquisitions in an era of higher interest rates have been greatly exaggerated. Back in early 2023, Canadian Underwriter’s National Broker Survey noticed a curious phenomenon: brokers’ interest in M&A growth had dipped

Calculator, charts and documents for financial analysis
News ClaimsCommercial LinesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Why private equity firms are seeing premium increases

July 26, 2023 by Alyssa DiSabatino

Big buyers of P&C brokerages — i.e., private equity (PE) firms — may continue to see premium increases for their own liability and cyber policies, albeit flatter than before, Matthew Studley, executive vice president of complex risk for Hub International,

Business leader press a mergers and acquisitions holographic button
News InsuranceMergers and Aqcuisitions

Who’s acquiring Canadian P&C brokerages?

June 22, 2023 by Jason Contant

Private equity (PE) and insurer-backed brokerage acquisitions appear to have surged in recent years, but it’s difficult to get a true number as not all transactions are reported, business advisory and consulting firm Smythe LLP said in a new report.

Private equity firms are like a mint for firms that need a cash infusion
News BrokersInsurance

What private equity firms have in common with insurance distributers

June 20, 2023 Mitch Green and Ethan Wolfe

Private equity (PE) firms are frequently described as caring more about themselves and their investors than their entrepreneur partners. Or they’re called whiz kids who don’t fully understand the  industries into which they insert themselves. However, much like top-tier brokerages,

Conceptual image of a hand with strings on fingers to control a marionette in monochrome
News BrokersInsurance

Insurer CEOs give their take on broker independence

October 25, 2022 by David Gambrill

Is broker ‘independence’ capital-agnostic? Or is broker independence truly a function of who owns the brokerage, be it a broker, an insurance company or a private equity partner? This question has been the source of a longstanding debate between brokers

Handshake following an acquisition
News Insurance

Canada’s most popular brokerage M&A models

January 24, 2022 by Jason Contant

Private equity-backed brokerages that acquire 100% of a brokerage and then offer the ability to roll over some equity continue to be Canada’s most popular M&A model, but others are gaining traction, a P&C transaction advisor says. “While obtaining markets

News Insurance

Fast pace of private equity investments means more insurance placements for portfolio companies

December 14, 2021 Jason Contant

Speed can equal success when a private equity firm is looking to acquire a company. But the rush to close a deal can also mean insurance gets put on the back burner. A private equity firm often buys a controlling

News Insurance

Why private equity firms should partner with just one insurer

October 14, 2021 by Jason Contant

Private equity firms should consider partnering with one carrier who is able to handle multiple lines of insurance for both the private equity firm and its portfolio companies, a mutual insurer told Canadian Underwriter. “We’ve seen benefits of having the

Feature BrokersMergers and Aqcuisitions

True Independence

October 3, 2019 Greg Meckbach, Associate Editor

If your brokerage generates good cash flow and has a good book of business, there’s a chance that an insurer or private equity firm will want to buy you. If they do, is your brokerage no longer independent?

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Canadian M&A ahead of last year as private equity, outbound deal activity increases through Q3: PwC Canada

November 8, 2017 Jason Contant, Online Editor

The number of Canadian mergers and acquisitions (M&A) through the third quarter of this year increased to 1,879 from 1,522 during the same period in 2016, according to PwC Canada’s first Deals report, released on Monday. A PwC Canada spokesperson