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Surge in serious buyers to fuel post-pandemic M&A: Hub Canada exec

August 11, 2021 Canadian Underwriter Staff

A Hub Canada executive says M&A is likely to heat up as serious buyers take renewed interest in P&C brokerages. In an interview with Canadian Underwriter, Greg Belton, executive chairman of Hub International Canada, said there is “no lack of

News Insurance

What’s selling hotter than real estate these days? Brokerages

July 15, 2021 by Jason Contant

Buyers are paying up to double-digit multiples for Canadian commercial lines property and casualty brokerages, while pricing for smaller retail brokerages has softened, a P&C industry consulting firm has observed. “Some of the prices being paid for larger commercial brokerages

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BrokerLink’s take on the surging demand for brokerage M&A

June 30, 2021 by Jason Contant

EDITOR’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

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Merger mania: Multiple brokerage deals announced in May

May 11, 2021 by Jason Contant

May 2021 came in with a bang for Canadian brokerages involved in mergers and acquisitions activity, particularly in western Canada and Ontario.  Over the course of a week, at least seven acquisitions were announced in the Canadian P&C brokerage space.

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Three large Canadian brokerages announce separate M&A deals

April 8, 2021 by Jason Contant

Three large Canadian brokerages have announced recent acquisitions of other brokerages. On Thursday, Westland Insurance reported it closed its acquisition of MBS Insurance Brokers, effective Apr. 1. Navacord Corp. added LL Renaissance Insurance Brokerage Canada Limited to its ranks, while

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Go small? Why insurers need a new M&A approach

April 1, 2021 by Jason Contant

Large mega-mergers and acquisition deals may be enticing, but smaller deals actually create more value for insurers, according to a recent report by global management consulting firm McKinsey & Company. The primary goal of six out of 10 transactions (representing

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Brokerages snapped up coast-to-coast in latest M&A deals

March 3, 2021 by Jason Contant

Canadian brokerage acquisitions continue coast-to-coast with the recent purchases of four brokerages in British Columbia, Saskatchewan, Manitoba and New Brunswick. Navacord, B.C.-based brokerage Waypoint Insurance, Archway Insurance and Westland Insurance Group (which bought two brokerages) all made acquisition announcements at

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Why this MGA exec predicts more Canadian MGA consolidation in the future

February 11, 2021 by Jason Contant

More mergers and acquisitions (M&A) activity between managing general agencies (MGA) is likely in the future, since private equity is focusing on this sector, giving MGAs the fiscal tools to make acquisitions, the president and CEO of one MGA told

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Deal Tracker: The latest in brokerage M&A

February 4, 2021 by Jason Contant

The number of mergers and acquisitions in the Canadian P&C insurance space (mostly involving brokerages) has hit double digits already this year, with two large brokerages contributing to the latest round of deal-making. Hub International announced Tuesday that it had

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The latest in brokerage deal-making

January 20, 2021 by Jason Contant

Brokerage NFP has expanded its property and casualty brokerage presence in Ontario with the acquisition of EdgeHill Insurance Brokers Ltd. The deal is the latest mergers and acquisitions news in the Canadian P&C space. Also in the news, Canadian Broker

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Brokerage M&A off to a strong start in 2021

January 7, 2021 by Jason Contant

Large Canadian brokerage Westland Insurance Group Ltd. now has a coast-to-coast presence with its acquisition of Storm Insurance Group, which has offices in Nova Scotia and Quebec. The deal, which closed Wednesday, is one of three acquisitions closed or announced

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B.C. institutional investor to acquire consolidator of P&C run-off books

December 4, 2020 by Jason Contant

One of Canada’s largest institutional investors has joined forces with Cinven, an international private equity firm, to acquire Compre, a specialist global consolidator of closed books of non-life insurance policies. Victoria-based British Columbia Investment Management Corporation (BCI) and Cinven announced