771 articles for M&A
Definity’s plans for brokerage, insurer M&A
November 28, 2022 by Jason ContantDefinity Financial Corporation is interested in both P&C brokerage and carrier acquisitions, the insurer’s president and CEO Rowan Saunders confirmed during a recent virtual fireside chat with RBC Capital Markets. “Even though we’ve just recently done a significant acquisition in…
BrokerLink starts the month with 3 new M&A deals
November 8, 2022 by Jason ContantBrokerLink continues to expand in Ontario and Alberta with the acquisition of three more brokerages in those provinces. The Intact Financial Corporation subsidiary acquired D.G. Smith Insurance Brokers and Teck Insurance Brokers Limited (both Ontario-based) and Robinson Insurance Centre of…
What’s on Dec? | Episode 1 | Brokerage M&A
November 8, 2022 by Canadian UnderwriterIn the inaugural 15-minute episode of CU’s What’s on Dec?, Smythe LLP partner Mike Berris discusses how market forces affect multiples and brokers’ selling habits. He also talks about how the current interest rates will influence M&A activity, business issues…
M&A deals boost the volume of mutual insurers
November 1, 2022 by Jason ContantCollectivfide Insurance Group has closed the acquisition of majority stakes in two Ontario-based brokerages, its 7th and 8th deals since its formation in 2019. “We are continuing to achieve our goal of growing and protecting mutual volume with the addition…
Canadian P&C brokerage M&A explodes in late 2022
October 13, 2022 by Jason ContantP&C brokerage merger and acquisition activity in Canada remains strong and healthy, as evidenced by the number of deals announced in just the past couple of weeks. Those deals involve brokerages that include Westland Insurance Group, BrokerLink, Western Financial Group,…
Three questions to consider when preparing for the next M&A wave
September 29, 2022 by Alyssa DiSabatinoStartups looking to ride the upcoming M&A wave need to hold a mirror up to their businesses and see themselves through the eyes of a potential acquirer, said the author of a recent Harvard Business Review blog. And insurance…
Busy month in M&A for BrokerLink, Westland
September 14, 2022 by Jason ContantBrokerLink and Westland Insurance Group announced a series of brokerage M&A deals in September, including the acquisitions of a total of four brokerages and one employee benefits firm between them. BrokerLink announced the acquisition of J.W. Davis Insurance Brokers and…
What’s new in the latest brokerage M&A deals
September 9, 2022 by Jason ContantAn Ontario-based insurance group with a mutual insurer as strategic partner has acquired Stan Darling Insurance, a local brokerage with four offices, in a deal announced Wednesday. The insurance group is led by Kevin McKinnon and its strategic partner, The…
Navacord enters new province with latest M&A deal
August 18, 2022 by Jason ContantNavacord Corp. has entered into a new province with the acquisition of Winnipeg-based ONYX Financial Group. ONYX’s portfolio encompasses benefits consulting and wealth management services, “and they have fortified a well-known presence within Manitoba and [northwestern] Ontario because of their…
By much how did M&A deals increase year over year?
July 19, 2022 by Jason ContantThe M&A market continues to burn red-hot, with deals for property & casualty and benefits brokers in Canada and the United States up 16% in the first half of 2022 compared to 2021, according to M&A advisory firm OPTIS Partners.…
Reinsurer makes executive changes after M&A deal closes
July 13, 2022 by David GambrillPartnerRe Ltd. made a few executive-level shuffles Wednesday, marking the close of a December 2021 deal in which Covéa agreed to buy Partner Re from Exor for $9 billion in cash. Thierry Derez, CEO of Covéa Group, is replacing Brian…
Canadian P&C brokerage space sees four M&A deals in June
June 8, 2022 by Jason ContantMerger and acquisition activity in the Canadian P&C insurance industry is showing no sign of slowing down in the second half of 2022, with the announcement of four transactions by three brokerages already since the beginning of June. McDougall Insurance…