Top 4 brokerage steps into new province with acquisition
March 8, 2022 by Jason ContantFounding Navacord broker partner Jones DesLauriers has announced Navacord’s inaugural partnership in Quebec with the addition of Abatis Risk Management (Abatis Gestion de Risques inc.) to its ranks. “The addition of Abatis deepens the Jones DesLauriers’ commercial bench strength, further…
What BrokerLink looks for in an M&A deal
March 7, 2022 by Jason ContantBrokerLink looks at best practices when making an acquisition, recognizing that each deal is unique and doesn’t follow a boiler template, says the brokerage’s president, Joe D’Annunzio. “One of the things for us is we look at best practices,” D’Annunzio…
BrokerLink execs discuss expansion strategy
March 4, 2022 by Jason ContantBrokerLink’s M&A strategy remains focused on regions where it currently does business and is not looking to get into other verticals at the moment, senior executives at the brokerage tell Canadian Underwriter. “The focus continues to be Ontario, Alberta, and…
National brokerage acquires two Ontario-based firms
March 3, 2022 by Jason ContantWestland Insurance Group Ltd. has announced the acquisition of two Ontario-based brokerages: Stewart Morrison Insurance Brokers Ltd. and Transure Insurance Inc. Stewart Morrison Insurance provides home, auto, business, farm and agribusiness, and lifestyle insurance. It has offices in Lindsay, Fenelon…
Westland’s newest brokerage acquisition
February 3, 2022 Canadian Underwriter StaffWestland Insurance Group has continued its expansion spree, today announcing acquisition of Campbell, Roy & Eldridge Insurance Services. Markham, Ont.-based Campbell, Roy & Eldridge offers a wide range of coverages, including home, condo, auto, RV, motorcycle, boat, watercraft, business, trucking…
How Intact is faring with the RSA integration
February 3, 2022 by Jason ContantIntact Financial Corporation’s integration of RSA plc is on track, with earnings slightly better than originally anticipated, the insurer’s chief executive officer reports. The deal increases Intact’s specialty lines presence in North America by close to 30%, Intact Financial Corporation…
Canada’s most popular brokerage M&A models
January 24, 2022 by Jason ContantPrivate 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…
Looking to sell your brokerage? Here’s what to ask yourself first
January 21, 2022 by Jason ContantWhen it comes to selling your brokerage, timing is everything. Principals considering selling their brokerage should always ask themselves when is the best time to exit in terms of career and family situation, and then work backwards to plan from…
Inside Westland’s expansion strategy
January 14, 2022 by Alyssa DiSabatinoWestland Insurance has expanded its partnership with Blackstone Credit, which will be investing $250 million towards Westland’s acquisition strategy. And where will this M&A strategy focus next? “Our ambitions are to continue to grow, expand, to serve as many communities…
Western Financial rings in New Year with acquisition
January 6, 2022 by Jason ContantWestern Financial Group began the New Year with the announcement that it has acquired a full-service brokerage located in southern Ontario. Western Financial’s latest acquisition of Wiesner Insurance Inc. “adds a significant commercial interest in Ontario,” the large brokerage said…
Large Canadian brokerages grow larger through acquisitions
November 5, 2021 by Jason ContantTwo large Canadian property and casualty brokerages — Navacord and Westland Insurance — continue to grow with the announcement of their latest acquisitions in Ontario and Manitoba. On Thursday, commercial brokerage Navacord Corp. said it added Ontario-based brokerages Ives Insurance…
Intact discusses RSA talent, Wawanesa looks to expand footprint in Ontario
October 22, 2021 by Jason ContantLouis Gagnon, Intact Insurance’s president of Canadian operations, is pleased with the insurer’s integration of RSA into its operations and the calibre of talent it has acquired. At the beginning of June, Intact Financial Corporation and Danish insurer Tryg A/S…