Lussier Dale Parizeau continues M&A activity
June 18, 2019 by Jason ContantQuebec’s largest brokerage, Lussier Dale Parizeau, has merged with financial services firm Genius Financial Group. André Lussier, president of Lussier Dale Parizeau, announced the merger along with the four partners of Genius Financial Group: Jean-Pierre Gauvreau, Serge Gravel, Éric Émond…
Brokerage makes third acquisition in Ontario
June 10, 2019 by Jason ContantAlberta-based brokerage Western Financial Group is continuing its strategic expansion into Ontario with its third brokerage acquisition in the province. High River, Alta-headquartered Western acquired EGM Insurance Group effective May 31, Western said in a press release last week. Based…
How this province is tackling inconsistent adjuster licensing
May 24, 2019 by Jason ContantWill there soon be a consistent approach to adjuster licensing across Canada? New Brunswick is one province moving towards that goal. Earlier this month, the Insurance Division of New Brunswick’s Financial and Consumer Services Commission released a consultation paper on…
How to get Canadian policyholders to share their personal information
March 22, 2019 by Jason ContantNearly half of Canadian consumers would be willing to share “significant personal information,” such as location data and lifestyle information, with their insurer or bank in exchange for lower pricing on products and services, according to a new report from…
Maurice Tulloch appointed CEO of Aviva plc
March 4, 2019 by Jason ContantMaurice Tulloch, the former president and CEO of Aviva Canada from 2009-13, has been appointed CEO of the London, U.K.-based Aviva plc, effective Monday. Tulloch joined Aviva in 1992 and was appointed to the board of Aviva plc in June…
Hub continues expansion into employee benefits
February 12, 2019 by Greg MeckbachHub International Ltd. has bought another Canadian employee benefits operation. Chicago-based Hub announced Tuesday it has acquired the assets of Toronto-based Firstbrook Pointon Benefits Incorporated. Tuesday’s announcement comes a month after Hub acquired Vancouver-based TRG Group Benefits and Pensions Inc. Firstbrook…
Client loses lawsuit arising from automatic policy renewal
January 31, 2019 by Greg MeckbachA motorcyclist who tried to sue his insurer for renewing his policy and deducting money from his account will not have his case heard before the Supreme Court of Canada. The top court announced Jan. 31 it has turned down…
Canadian university risk manager on RIMS board
January 2, 2019 by Greg MeckbachA Canadian risk manager is the new vice president of Risk and Insurance Management Society Inc., New York City-based (RIMS) announced Wednesday. Steve Pottle – director of risk management services for Thompson Rivers University in Kamloops, B.C. – was previously…
Brokerage M&A deals heat up in Winter
December 5, 2018 by Jason ContantBrokerage mergers and acquisitions (M&A) are ramping up in Canada, with two separate deals in Ontario and Saskatchewan announced Tuesday. In Ontario, Burrows Insurance Group Inc., located in Peterborough and Oshawa, Ont., joined BrokerLink. In Saskatchewan, Andrew Agencies Ltd. acquired…
Insurance lawyer now a Saskatchewan appeal court judge
September 24, 2018 by Greg MeckbachA lawyer who used to represent Saskatchewan’s auto insurer is now a judge with the province’s appeal court, the federal government announced Friday. Robert Leurer represented Saskatchewan Government Insurance on several occasions during the 31 years he practised law for…
More commercial brokerage consolidation could follow Marsh-JLT combo
September 19, 2018 by Greg MeckbachA US$6-billion merger between Marsh & McLennan Companies Inc. and Jardine Lloyd Thompson Group Plc could form the world’s largest commercial brokerage, and more mergers and acquisitions among commercial brokerages will likely to follow, a Canadian M&A expert suggests. Marsh…
Why Quebec’s largest brokerage doubled up on life insurance
September 11, 2018 by Jason ContantFor its latest acquisition, Quebec’s largest brokerage decided to look outside its traditional stronghold of property and casualty insurance, which represents about 90% of its revenue base. On Aug. 8, Lussier Dale Parizeau announced the acquisition of Trinome Conseils. Patrice…