10 major transactions in 2017

By The IJ Staff | January 04 2018 09:45AM

Photo: Freepik

The Insurance & Investment Journal looks back at 10 major transactions that occurred in 2017.

CI Financial completed $780 million acquisition

By adding Sentry Investments to their portfolio, CI Financial increased its assets under management to approximately $181 billion.

To learn more: CI Financial completes acquisition of Sentry Investments

MGA acquires another MGA

Financial Horizons Group acquired Estate Financial to strengthen its position in Eastern Canada.

To learn more: Financial Horizons acquires Estate Financial

Insurer buys tech company

Assumption Group acquired Tech Knowledge Solutions with the goal of communicating more effectively with its partners, advisors and clients through the use of innovative technologies

To learn more: Assumption Group announces acquisition of tech consulting company

An insurer bought an MGA

Great-West Life acquired Financial Horizons Group, one of Canada’s largest Managing General Agencies.

To learn more: Great-West Life acquires Financial Horizons Group

MGA consolidation continues

The consolidation activity in the managing general agency channel continued this year with Experior Financial Group acquiring VFG Financial Group.

To learn more: Experior Financial Group acquires VFG Financial Group

Wawanesa buys Western

Trimont Financial Ltd., a subsidiary of the Wawanesa Mutual Insurance Company, acquired Western Financial Group and Western Life Assurance from Desjardins Financial Corporation. The deal was valued at approximately $775 million.

To learn more: Wawanesa subsidiary completes acquisition of Western

CIBC acquired an American private wealth management firm

CIBC entered an agreement to acquire Geneva Advisors, a Chicago-based private wealth management firm. Geneva Advisors has US$8.4 billion in assets under management and focuses on high net worth clients.

To learn more: CIBC acquires Geneva Advisors

iA Financial Group completed HollisWealth acquisition

HollisWealth officially became a subsidiary of iA Financial Group. This acquisition made iA one of the largest non-bank wealth management firms in Canada with assets under administration of close to $80 billion.

To learn more: iA Financial Group completes HollisWealth acquisition

Dynacare acquired an independent paramedical service provider

Dynacare acquired Hooper-Holmes Canada, an independent paramedical service provider, which became part of Dynacare Insurance Solutions.

To learn more: Dynacare acquires Hooper-Holmes Canada

Sun Life Global Investments acquired an investment manager

Sun Life Global Investments acquired Excel Funds Management and Excel Investment CounselExcel Funds has approximately $700 million in assets under management.

To learn more: Sun Life Global Investments to acquire Excel Funds

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