Canadian Underwriter

News InsuranceMergers and Aqcuisitions

The impact of the pandemic on insurance mergers

March 24, 2020 by Greg Meckbach

Brokerages negotiating a merger or acquisition don’t have to stop because of the COVID-19 pandemic, a Canadian M&A advisor suggests. “A good deal can get done. I suspect it may take a bit longer,” said Georges Pigeon (pictured), Montreal-based deal

News BrokersMergers and Aqcuisitions

These Canadian brokerages are re-branding to NFP

February 26, 2020 by Greg Meckbach

Dalton Timmis Insurance Group Inc. and McLean Hallmark Insurance Group Ltd. are among the Canadian brokerages who are now adopting the NFP brand name, New York City-based NFP announced Tuesday. NFP closed its acquisition of Toronto-based McLean Hallmark this past

News BrokersMergers and AqcuisitionsTechnology

Three reasons fintech is driving brokerage acquisitions

December 11, 2019 by Greg Meckbach

Disruption by fintechs will be one driving force behind mergers and acquisitions among insurance brokerages, industry executives say.“I think fintech will help perpetuate this continued consolidation trend because I think at the small end of the market, fintech is viewed

News BrokersInsuranceMergers and Aqcuisitions

Why your brokerage could be an attractive takeover target

December 2, 2019 by Greg Meckbach

When private equity players are looking to buy firms they think are “recession proof” and brokerage owners reach retirement age, it’s a recipe for more mergers and acquisitions, insurance professionals heard last week at KPMG Canada’s 28th annual insurance conference.

News Insurance

What’s driving the brokerage acquisition trend

September 17, 2019 by Greg Meckbach

Now is a good time for brokerages to sell their businesses and in some cases, the buyers come from outside the industry, speakers told insurance professionals at the recent A.M. Best briefing. “If I was in the [P&C] business I

News InsuranceMergers and Aqcuisitions

This Canada-based insurance giant is taking a break on mega-mergers

August 14, 2019 by Greg Meckbach

If a blockbuster insurer merger gets announced tomorrow, it probably won’t involve Toronto-based Fairfax Financial Holdings Ltd., which has grown steadily through insurer acquisitions over the past 34 years. “We are not looking to add in a significant way from

News InsuranceMergers and Aqcuisitions

Intact’s priorities for mergers and acquisitions

August 1, 2019 by Greg Meckbach

Brokers can expect to see insurers representing nearly a fifth of the Canadian P&C market to be bought and sold, the head of Canada’s largest carrier suggested Wednesday. “We laid out the perspective seven or eight years ago that 20

News BrokersMergers and Aqcuisitions

The strategy behind BrokerLink’s latest acquisitions

March 12, 2019 by Greg Meckbach

If 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

News InsuranceMergers and Aqcuisitions

Where Fairfax is going with future acquisitions

February 19, 2019 by Greg Meckbach

While Fairfax Financial Holdings Ltd. is not ruling out the possibility of buying small specialty insurance players, don’t expect the firm to buy any big insurers any time soon. Toronto-based Fairfax, whose holdings include Northbridge Insurance, bought the majority of

News InsuranceMergers and AqcuisitionsTechnology

What buyers look for in a brokerage

January 16, 2019 by Greg Meckbach

Information technology is one driving force behind mergers and acquisitions involving property and casualty insurance brokerages. Acquiring new products, talent and technology are among the reasons behind M&A activity in P&C insurance, said Georges Pigeon, a Montreal-based partner with KPMG’s

News ClaimsMergers and AqcuisitionsTechnology

How corporate mergers impact cyber risk

September 19, 2018 by Greg Meckbach

Cyber risk goes up if a company goes through a merger or acquisition, an information security consultant suggests. One way your client can reduce cyber risk is to know what hardware and software is on their computer network, Jeremy Hurst,

News InsuranceMergers and Aqcuisitions

Canadian hail insurance broker acquired by Hub

September 11, 2018 by Greg Meckbach

Hub International Ltd. continues to buy Canadian property and casualty brokerages, with the acquisition of Ottawa-based Access Insurance Brokers Inc. as well as a Saskatchewan provider of farm insurance. Chicago-based Hub announced Monday it has acquired Frontier Business Centre Ltd.,