Category: Sales, Mergers & Acquisitions

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Coast Capital Insurance Services Ltd. Joins the Western Financial Group Family

“We’re very proud to be able to bring Coast Capital Insurance Services into our family of companies. It is a tremendous organization that has the same commitment to community as we do,” said Scott Tannas, President and CEO of Western.

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Pethealth Inc. to acquire certain assets of PurinaCare’s pet insurance business

Pethealth said that consideration for this acquisition is to a maximum of USD $800,000 for the approximately 12,000 current policyholders

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Symbility Solutions, Weather Fusion partner to bring hail reports to insurers

“Our integration with Symbility enables users to view and archive hail reports directly within the claim file,” said Don Giuliano, CEO of Weather Fusion

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Applied Systems to acquire IVANS P&C data exchange business

Following the closing of the transaction, the IVANS P&C business will operate as a separate business division of Applied Systems led by Jim Ochiltree, president of IVANS P&C, and the entire existing senior management team

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National Brokers Insurance Services acquires Grant, Jones & Stuart Insurance Brokers

Grant, Jones, & Stuart will now operate as a division of National Brokers Insurance Services Inc. while remaining in their current office in Markham

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Hub Financial acquires BC-based life insurance MGA

Tony Bosch and Chris DiSalle, principals of Complete Brokerage Services, will join Hub Financial, reporting to President Terri DiFlorio

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Insurance Agency Mergers and Acquisitions Hit All-Time High in 2012

All-time high: 291 mergers and acquisitions of insurance agencies in North America during 2012

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Aviva sells Russian business

Aviva said the transaction is consistent with the insurer’s strategy to narrow the Group’s focus to businesses and markets where it has more leadership potential

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Great-West Lifeco acquires Irish Life Group for $1.75 billion

The Irish Life name will be retained, and the life and pensions operations of Great-West Lifeco’s Irish subsidiary Canada Life (Ireland) will be combined with the operations of Irish Life

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Buffett’s Berkshire Hathaway, 3G Capital to buy Heinz for $28 billion

Shareholders will receive $72.50 per share of common stock owned, a 20 percent premium to Heinz’s closing share price on February 13

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Western Financial Group expands to Melfort, Saskatchewan

The addition of the Melfort branch will mark Western Financial Group’s 23rd location in Saskatchewan

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Hub International acquires Winnipeg brokerage and book of business from Toronto-based firm

Chicago-based Hub acquires Winnipeg’s STRATA Benefits Consulting and book of business of Toronto-based Actra Fraternal Benefits Society

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RBC completes acquisition of Ally’s Canadian automotive finance business

The Ally Canada team joins the existing RBC team to form RBC Automotive Finance, a part of the Personal and Commercial Banking segment of RBC

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Intact Financial acquires rights to business intelligence platform FellowDSS Accelerator

After releasing its first project with the FellowDSS Accelerator business intelligence platform, Intact Financial Corporation has acquired the FellowDSS Framework version

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2013 Mergers and Acquisitions Market: Renate Mueller looks ahead

Renate Mueller looks ahead to the 2013 mergers and acquisitions market.

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Renate Mueller Looks Back at the ‘Heated Up’ 2012 Mergers & Acquisitions Market

“I do believe that the M&A activity has very much heated up in 2012 compared to earlier years.” Renate Mueller

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Merger Creates Western Canadian Insurance Leader

Westland and Atkinson & Terry agree to merge creating a Western Canadian Insurance Leader

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Manulife Financial completes acquisition of Benesure Canada

This latest acquisition announcement complements other Manulife Financial transactions including Pottruff & Smith Travel Insurance Brokers Inc. and, most recently, the acquisition of Wellington West Financial Services Inc.

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Onex completes acquisition of USI

Onex Corporation announced on December 27 that it has completed the acquisition of USI, a leading U.S. provider of insurance brokerage services, for approximately $2.3 billion

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