Operations

NFP Canadian executive reveals future M&A strategy

NFP Corp. has concentrated almost exclusively in Ontario since it first entered into the Canadian property and casualty insurance space about two years ago, but expect that to change in the future. NFP is looking to have “a bigger presence out west, a good presence in Quebec and to move out to the east coast […]

By Jason Contant | January 10, 2020

2 min read

The story behind NFP’s foray into the Canadian P&C space

NFP Corp. has been busy in the approximately two years since the U.S.-based brokerage acquired Dalton Timmis Insurance Group in 2017, its first Canadian P&C acquisition. Since that time, it has acquired a number of Canadian brokerages, including Mass Insurance Brokers Limited and Easyway Insurance Brokers Inc. (collectively known as Mass) in December 2018, PBL […]

By Jason Contant | January 9, 2020

3 min read

The latest brokerage to join the parade of M&A in 2020

Another day, another acquisition. McDougall Insurance and Financial has merged with Provenance Insurance Services Ltd., which operates as Knox Hutchison Insurance Services (North Bay), Municipal Insurance Services (North Bay) and Dynamic Insurance Brokers (Sudbury). Provenance will join with McDougall to form an independent broker with 36 offices in Ontario, more than 400 employees, and more […]

By Jason Contant | January 8, 2020

2 min read

Canadian brokerage M&A explodes out of the gate in 2020

“The market for P&C brokerages and books of business is strong and will likely continue to be robust in the foreseeable future,” Mike Berris, partner and practice group leader with Smythe Advisory, predicted last August in the firm’s Property & Casualty Insurance Brokerage Report 2019. Just one week into 2020, it looks like that sentiment […]

By Jason Contant | January 7, 2020

3 min read