Canadian market News

Hub International Acquires Canadian Broker PDF Financial Group

Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired PDF Financial Group Inc. Terms of the transaction were not disclosed. Based in Toronto, Ontario, Canada, PDF is an independent brokerage offering consulting and outsourcing services for employee …

Hub International Acquires Ontario-Based ProCorp Financial

Hub International Ltd., a Chicago-based global insurance brokerage, announced it has acquired ProCorp Financial Inc. Terms of the transaction were not disclosed. Based in Ottawa, Ontario, Canada, ProCorp Financial is a boutique benefits and retirement consulting firm, specializing in estate …

Hub International Buys Canada Employee Benefits Consultant, Regency Advisory Corp.

Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the Canadian employee consulting firm, Regency Advisory Corp. Terms of the transaction were not disclosed. Located in Saskatoon, Saskatchewan, Canada, Regency Advisory Corp. “provides innovative and proprietary benefit solutions …

Canada Insurer Intact Financial Corp. Completes Acquisition of On Side Restoration

Intact Financial Corp., the Toronto-based property and casualty insurer, announced it has completed the acquisition of On Side Developments Ltd., the parent company of On Side Restoration. With more than 1,200 employees and 35 branches across Canada, Vancouver-based On Side …

Canada Insurer The Co-operators Acquires Quebec Broker, Cadieux Beausejour Dupras

Canadian insurer The Co-operators has purchased the Saint Jérôme, Quebec-headquartered broker, Cadieux Beausejour Dupras Inc. Financial details of the deal were not disclosed. The brokerage’s portfolio includes personal and commercial insurance policies. Any existing insurance coverage will remain in effect …

Canada Broker Westland Insurance Buys First West Insurance Services

Canadian broker Westland Insurance Group Ltd. announced the acquisition of First West Insurance Services, a subsidiary of First West Credit Union, effective Sept. 30, 2019. Financial details of the transaction were not released. First West Insurance Services provides personal, auto …

Genworth to Sell Stake in Canada Mortgage Unit to Push China Deal

Genworth Financial Inc. agreed to sell its Canadian unit to Brookfield Business Partners LP for C$2.4 billion ($1.8 billion) as it works to win regulatory approval for its acquisition by China Oceanwide Holdings Group Co. Brookfield Business Partners LP will …

Canada’s Navacord Joins Brokerslink Global Network

Navacord, the Ontario-based commercial broker, has joined global broking business Brokerslink as the network’s latest affiliate in the North American region. Navacord, which trades under 15 different broker partner brands across Canada, has an ownership model that allows its partners …

New York-Based Broker NFP Buys Toronto’s McLean Hallmark Insurance Group

New York City-based insurance broker and consultant NFP announced it has acquired Canadian broker McLean Hallmark Insurance Group Ltd. Financial details of the transaction, which closed on July 2, were not disclosed. Based in Toronto, Ontario, with offices in Markham …

Canada Expands Credit Insurance for Canola Exporters as China Dispute Continues

Ottawa increased the insurance coverage available for canola exporters, a government corporation said on Thursday, as it seeks to reduce trade risks amid a dispute with China. China halted purchases of Canadian canola in March, citing pests in shipments by …