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Mergers and acquisitions: key transactions of 2023

By Alain Castonguay | January 02 2024 10:30AM

The consolidation continues across various sectors of the insurance industry.

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Employer-sponsored coverage decreases odds of medication nonadherence

DIALOGUE

Mental health on the decline among Canadians

Focus on employee’s financial well-being non-negotiable

Employee health and wellness metrics decline

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BROKERLINK

Intact increases earnings despite catastrophic claims

BrokerLink completes three more acquisitions

Intact nearly triples profit in Q2 2024

BrokerLink acquires two more firms in the Toronto area

AGA

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AGA Benefit Solutions has a new majority shareholder

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HUB

Hub expands agribusiness with new acquisition

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Hub International continues on acquisition path

Quebec-based AGA partners with Saskatchewan-based mutual fund broker

SUN LIFE FINANCIAL

Cash value and interest rates bolster permanent life insurance

Sun Life increases earnings by 55% in the third quarter of 2024

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CANADA LIFE

Great-West Lifeco’s third-quarter net earnings decline

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INSURANCE COMPANY OF PRINCE EDWARD ISLAND (ICPEI)

Desjardins’ insurance surplus earnings down 32% in third quarter

Desjardins reports 152% surge in insurance surplus earnings for the second quarter

Desjardins’ insurance earnings jump in the first quarter

It was appropriate to move forward the purchase of ICPEI, says Valérie Lavoie

GREAT-WEST LIFECO

Critical illness insurance: cancer and heart attack dominate claims

Groupe Cloutier brings in insurer as a minority shareholder

Economic uncertainty fails to dampen Canadian life insurers' performance

Great-West Life’s net earnings rise by 77%

NAVACORD

Navacord subsidiary makes an acquisition in the benefits sector

Navacord expands group benefits business with acquisition in British Columbia

Navacord completes ninth acquisition of 2024

Navacord acquires travel insurance brokerage

NFP

NFP acquires wealth management firm

NFP acquires firm in Western Canada

Robert Beauchamp recruited by NFP Canada

Canada-wide broker recruits vice presidents from two competitors

CO-OPERATORS

Co-operators General reports loss due to major summer claims

Co-operators General reports $96 million profit in second quarter

Insurers should abandon fossil fuels, say investors

AIG continues restructuring by selling travel insurance portfolio

DEFINITY FINANCIAL CORPORATION

Definity reports higher earnings despite catastrophe claims

A strong first half for four Canadian property and casualty insurers

Jasper wildfire drives insured losses even higher

Definity reports 32% increase in second quarter net income

PROMUTUEL

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ARTHUR J. GALLAGHER

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Analytic

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