20 December 2017 13:00
Photo : Freepik
The Journal of insurance has identified 10 major transactions that have marked the industry in 2017.
HollisWealth passes between the hands of the ai Group financial
The closing of the acquisition of HollisWealth by ai Group financial allows him to become one of the largest consulting firms, non-bank wealth management, with assets under administration of nearly $ 80 billion.
For more information : iA financial Group completes acquisition of HollisWealth
Great-West acquires a general agent
Great-West Lifeco acquired 100 % of Financial Group Horizons, which was held as to 72 % by Genstar Capital, a finance company, by equity, and to 28 % by its senior management. John H. Hamilton notice to the CEO, but no longer holds his shares of the general agent.
For more information : Great-West buys Financial Group Horizons
Northbridge is expanding its surety business
The acquisition of Fenchurch General Insurance Company, has enabled Northbridge to expand its surety business in order to push their growth in the segment.
For more information : Northbridge acquired the surety business of Fenchurch
Intact buying an american insurer specializing
Intact Insurance has completed the acquisition of OneBeacon Group, a u.s. monoline insurer that allows him to explore the new avenue of specialty products. This also allows her to add new products to its range for canadian and export in the United States also.
For more information : Intact buying the american insurer specializing OneBeacon Insurance Group
Wawanesa becomes owner of Western
Desjardins financial Corporation has divested itself of Western Financial Group and Western Life Insurance, and it is Trimont Financial, a subsidiary of Wawanesa, who got hold of. In 2010, Desjardins group had paid $ 440 million for Western.
To learn more : Smith sells Western to Wawanesa
Horizons acquires Estate Financial
Before you go under the tread of Great-West, Group Financial Horizons, has made the acquisition of the general agent Estate Financial, which operates in eastern Canada since 1999.
For more information : Horizons acquires a general agent
Beazley strengthens its presence in the country
The insurer Beazley has wanted to expand its presence in Canada by purchasing the general agent specialized Underwriters Creechurch, which has generated $ 36 million in premiums in 2016. The 30 employees of Creechurch remained in their offices in Toronto, Montreal and Vancouver.
To learn more : The specialist insurer Beazley is expanding its presence in Canada
Burns & Wilcox acquires a portfolio of home insurance premium
Burns & Wilcox has acquired the portfolio dedicated to the assurance of high end ‘ homes of XN Financial Services, a subsidiary of the Group Henner, one of the leaders of the health insurance collective in France.
For more information : Acquisition in the market of high-value, Montreal
Two of the largest independent asset managers in Canada come together
CI Financial Corp. acquired Sentry Investments Corp. last August, bringing together two of the largest independent asset managers in the Canada who specialize in the active management. The transaction is valued at$ 780 Million. The assets under management and assets advised amounts to about $ 180 G$.
For more information : Financial acquires Sentry Investments
Uniban continues to grow
The body builder and glazier Uniban Canada is continuing its growth strategy with the acquisition of the banner that specializes in the repair and replacement of windshield Star Auto Glass, even a majority of the shares of Neuromage, holder of the brand of the network Docteur du Pare-Brise.
For more information : Uniban Canada is pursuing its strategy of growth
Uniban has become the majority shareholder of Neuromage