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Western Financial Group acquires Lacombe, Alberta insurance brokerage
Brown & Ward Insurance Ltd. will continue to operate in Lacombe under the Western Financial Group banner
Category: Sales, Mergers & Acquisitions
MetLife to buy Eastern European insurance and pension business from Aviva by end of the year
Metlife plans to buy Aviva’s life insurance businesses in the Czech Republic and Hungary, and its life insurance and pension businesses in Romania
Fairfax purchases 25 percent stake in Thai reinsurer
As part of the USD $70 million purchase, Fairfax will have the right to nominate two members to the Board of Directors of Thai Re and will also assist Thai Re with its investment portfolio
Looking Ahead: Renate Mueller discusses the 2012 M&A market
By ILSTV Staff on Jan 19, 2012 in Business, Canadian Insurance, Featured, Sales, Mergers & Acquisitions
“The shareholders of these foreign-owned companies will expect that the return on equity is not just sustained but also improved.”
Renate Mueller
Renate Mueller explains the criteria used to place a value on a business
The standard model that is used by accountants and professionals in determining values is EBITDA: Earnings Before Interest Tax Depreciation and Amortization.
Renate Mueller explains why some brokerages are harder to sell
“Maybe they’ve got clients in an area where there are high claims. That high claims history could cause them to lose an insurer market.” Renate Mueller
Intact Financial’s sale of AXA Life Insurance to SSQ Life Insurance Company complete
Mr. Bernard Tanguay has been appointed to the position of Senior Vice-President of newly-formed SSQ Insurance Company Inc.
Western Financial Group acquires Roblin, Manitoba insurance brokerage
The Roblin brokerage has been serving the community since 1976 and will now operate as a Western Financial Group office
Alleghany buying Transatlantic in cash and stock deal valued at about $3.4 billion
The companies said Monday that the transaction values Transatlantic at $59.79 per share in cash and stock
Granite Claims Solutions acquires Advance Claims Services, Ltd.
Advance Claims will, for the foreseeable future, continue to operate under the Advance name as a division of Granite Claims Solutions
Western Financial Group acquires insurance brokerage in Watrous, Sask.
The Watrous brokerage, which has been serving the community since 1989, will now operate as a Western Financial Group office
SCM Insurance Services acquires Riverfront Medical Services
SCM says acquisition aligns with the company’s long-term plan for growth while signaling its entrance into a product and market segment “that is complementary to the continuum of insurance and risk management services it currently offers its clients.”
Central 1 and Credit Union Central Alberta discuss merger
By ILSTV Staff on Oct 19, 2011 in Sales, Mergers & Acquisitions
“The growing trend of individual credit unions merging is resulting in larger credit union organizations with a greater concentration of assets and members and more complex service needs. The centrals will evaluate whether a merged central could more effectively meet the needs of credit unions in the long term.”
Is Intact Financial Corporation planning some major acquisitions?
“Factory Mutual, Liberty Mutual, ACE INA, CAN Canada, Guarantee of North America, GCAN, Gore Mutual and Pembridge Insurance, are all potential targets for Intact Financial to acquire as it can easily afford to do so.” Stephan Boland, GMP Securities Analyst
IBM buys Q1 Labs, acquires New Brunswick R&D centre
A technology research and development centre in New Brunswick is being acquired by IBM Corp. through its purchase of Q1 Labs, a privately held security intelligence company. Q1 Labs, headquartered in Massachusetts, will become part of the new IBM Security Systems division, which will be led by Brendan Hannigan, chief executive of Q1 Labs. The [...]
Group looking to take control of Toronto Stock Exchange extends takeover offer
By The Canadian Press on Oct 03, 2011 in Business, Canadian Economy, Financial Reports, Sales, Mergers & Acquisitions
The Maple Group, the consortium of financial companies and pension funds looking to take control of the Toronto Stock Exchange, has extended its takeover offer another month.
Sun Life Financial consolidates ownership of investment firm McLean Budden
By The Canadian Press on Sep 30, 2011 in Business, Canadian Insurance, Sales, Mergers & Acquisitions
Sun Life could also pay more if certain performance targets are reached.
SSQ Financial Group buys AXA Life Insurance from Intact Financial for $300 million
AXA Life Insurance, a subsidiary of AXA Canada, was acquired by Intact Financial Corporation as part of the $2.6 billion acquisition of AXA Canada
Intact Financial completes AXA Canada acquisition, names new executives
Louis Gagnon appointed as President and Chief Operating Officer of Intact Financial Corporation; Jean-Francois Blais named President of Intact Insurance
