BrokerLink doubles size in Atlantic Canada, buys brokerages in Ontario and Alberta
August 9, 2021 by Jason ContantBrokerLink has doubled its presence in Atlantic Canada and is now one of the largest brokerages on the east coast following its acquisition of Archway Insurance and South Coast Insurance Agency Limited. BrokerLink, a subsidiary of Intact Financial Corporation, announced…
Why Intact has no intention of selling BrokerLink
August 4, 2021 by Greg MeckbachIf you knock on Intact’s door offering money to buy its BrokerLink subsidiary, prepare to get rejected. “You are far more likely to see us putting way more capital in [the property and casualty insurance brokerage] space than the other…
BrokerLink’s take on the surging demand for brokerage M&A
June 30, 2021 by Jason ContantEDITOR’S NOTE: This article has been corrected to show that BrokerLink has over $2 billion of written premiums. A previous version of this article icorrectly stated the Intact subsidiary had more than $2.5 billion in premium overall, about $700 of…
Intact sets 50% growth target for BrokerLink
November 10, 2020 by Greg MeckbachIntact Financial Corp. is aiming to grow its brokerage subsidiary to a $3-billion-a-year operation, CEO Charles Brindamour told investment banking analysts recently. “BrokerLink recently surpassed $2 billion in premiums as it continues to grow organically and through acquisitions,” Brindamour said…
What Intact is telling competitors who distribute through BrokerLink
August 17, 2020 by Greg MeckbachIntact CEO Charles Brindamour is assuring his competitors that they are not at a competitive disadvantage with Intact should they distribute their insurance through Intact Financial Corp.’s BrokerLink brokerage unit. “Our strategy is not to get the brokerage business to…
Brokerage acquisitions: What’s really in it for Intact?
November 12, 2019 by Greg MeckbachTaking on potential disruptors and investing in technology are among the reasons Intact Financial Corp. is on a brokerage acquisition spree. “Our view is that scaling up distribution is the best way to fight disruption,” Intact CEO Charles Brindamour said…
BrokerLink acquires another Ontario brokerage
November 4, 2019 by Greg MeckbachBrokerLink has acquired Newmarket, Ont.-based Buckley Insurance Brokers Ltd., which places home, auto and commercial insurance. Buckley notified its customers Friday by email that it is now part of BrokerLink, which is owned by Intact Financial Corp., owner of Canada’s…
The strategy behind BrokerLink’s latest acquisitions
March 12, 2019 by Greg MeckbachIf you run a brokerage in Ontario, Alberta or Atlantic Canada and there is no BrokerLink in your town, there soon could be. Intact Financial Corp.’s BrokerLink unit has closed seven brokerage acquisitions since Jan. 1, said Paul Meyer, BrokerLink’s…
BrokerLink adds three Alberta locations
February 4, 2019 by Greg MeckbachAnother Edmonton-based brokerage has joined Intact Financial Corp.’s BrokerLink unit. Bridge Financial Insurance Ltd. joined BrokerLink effective Feb. 1. The announcement comes less than a month after Challenge Insurance, also of Edmonton, joined BrokerLink. “By joining BrokerLink, we know our…
BrokerLink expands with two new brokerages
January 8, 2019 by Greg MeckbachTwo brokerages have joined Intact Financial Corp.’s BrokerLink unit effective Jan. 1, BrokerLink announced Monday. The new BrokerLink brokerages are Edmonton-based Challenge Insurance Group Inc. and Toronto Insurance and Financial Group (TIFG) Inc., situated on Valleybrook Drive near the neighbourhood…
Towerhill Insurance Brokers sold to BrokerLink
November 12, 2018 by Jason ContantEditor’s Note: George Longo, president and CEO of commercial brokerage Towerhill Insurance Brokers, sold his Towerhill retail brokerage business to BrokerLink, as reported on Nov. 12, 2018. In a statement to his clients, Lloyd’s syndicates and colleagues, Longo said he…
Personal lines cat ratio up 9.3 points at Intact due in part to Fort McMurray
February 8, 2017 by Canadian UnderwriterIntact Financial Corp. released Wednesday its financial results for 2016, reporting a 5% increase in direct premiums written and a 40% drop in underwriting income during a year when Canada’s most expensive natural disaster cost the firm $400 million before…