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News InsuranceMergers and Aqcuisitions

Alberta insurance tech provider acquires Ontario specialty insurer

January 23, 2019 by David Gambrill

Besurance Corporation, a Calgary-based insurance and technology company, has agreed to acquire Fenchurch General Insurance Company, an Ontario-based specialty insurer that offers insurance programs across Canada. Specifically, Fenchurch provides programs in warranty, trucking, surety and accident and sickness. Its products

News InsuranceMergers and Aqcuisitions

Sale of Echelon Insurance to CAA gets shareholder approval

January 23, 2019 by Greg Meckbach

Non-standard auto insurer Echelon Insurance is a step closer to being acquired by The CAA Club Group of Companies. Shareholders of Echelon Financial Holdings Inc. voted Wednesday in favour of the $175 million deal, Echelon said in a release. In

News BrokersInsuranceMergers and Aqcuisitions

Jones Brown acquired by large international brokerage

January 8, 2019 by Greg Meckbach

Canadian brokerage Jones Brown Inc. has been acquired by Arthur J. Gallagher & Co., Itasca, Ill.-based Gallagher announced Tuesday. Jones Brown, which places both commercial and personal property and casualty insurance, has offices in Vancouver, Calgary, Toronto and Hamilton. “The

News Legislation / Regulation

Training will be mandatory for semi-truck drivers in this province

December 3, 2018 Ryan McKenna - THE CANADIAN PRESS

REGINA – The Saskatchewan government is introducing mandatory training for semi-truck drivers almost eight months after the Humboldt Broncos bus crash. Starting in March, drivers seeking a Class 1 commercial license will be required to undergo at least 121.5 hours

News InsuranceMergers and Aqcuisitions

CAA Insurance parent agrees to buy Echelon Insurance

November 9, 2018 by Greg Meckbach

CAA Club Group has agreed to buy non-standard auto insurer Echelon Insurance for $175 million, the companies said Friday. The deal will allow CAA Insurance to reach new markets and customers, CAA Club Group president Jay Woo wrote in an

News InsuranceMergers and Aqcuisitions

What’s next for Fairfax in the Lloyd’s market

November 2, 2018 by Greg Meckbach

Toronto-based Fairfax Financial Holdings Ltd. plans to buy the remainder of Lloyd’s insurer Brit PLC within the next couple of years, Fairfax president Paul Rivett said Friday. Toronto-based Northbridge Insurance and Stamford, Conn.-based OdysseyRe are among the insurance subsidiaries owned

News AnnouncementsMGAs

Hub subsidiary Totten buys MGA in Atlantic Canada

October 3, 2018 by Greg Meckbach

Anderson McTague & Associates Ltd., a New Brunswick-based coverholder in the Lloyd’s market, has been acquired by Toronto-based Totten Insurance Group Inc., a subsidiary of Hub International Ltd. Totten Insurance is a managing general agency founded in 2002 by H.

News AnnouncementsMergers and Aqcuisitions

Kingsway Financial to leave Canada

September 28, 2018 by Greg Meckbach

Kingsway Financial Services Inc., which used to own Jevco and York Fire and Casualty, plans to relocate to the United States. Toronto-based Kingsway no longer writes property and casualty insurance in Canada, but it still has a Toronto head office

News Claims

Third spill of sulphuric acid reported in Trail, B.C.

September 24, 2018 The Canadian Press

TRAIL, B.C. – The movement of sulphuric acid by truck through a southeastern British Columbia city has been halted while officials try to determine why there has been a third leak of the corrosive liquid in less than six months.

News BrokersMergers and Aqcuisitions

More commercial brokerage consolidation could follow Marsh-JLT combo

September 19, 2018 by Greg Meckbach

A 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

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.,

News Markets / CoveragesMGAsRisk

Diversity critical for MGA entering Quebec market

August 17, 2018 by Jason Contant

For Canadian managing general agents, maintaining a diversified portfolio and effective distribution channel for products is crucial to success, according to Gary Hirst, president of CHES Special Risk. Hirst spoke to Canadian Underwriter Thursday, one day after CHES announced it