Brokers’ top five reads in September

Acquisitions by Hub International and Intact captivated readers

When major players on both the brokerage and insurer side of the Canadian P&C industry are in buying mode, the news is bound to hold brokers’ interest. This was the case in September as acquisition news by Hub International and Intact Financial Corp. were two of the most popular stories for the month.

Here are the top five reads in September:

1. Hub acquires Integro Canada

“Integro Canada’s experience in larger, more complicated risk issues brings an expanded dimension to Hub’s substantial leadership position in the Canadian market,” Tina Osen, president of Hub Canada, said in a statement when the acquisition was announced.

2. Has telematics stalled?

This story, featured in the August edition of Canadian Insurance Top Broker magazine, explores why Canadian insurance customers are not heavily embracing telematics. It features commentary from Navigators Insurance, Desjardins Group, The Co-operators, Insurance Bureau of Canada, Intact Insurance and InsureMy.

3. Intact gets go-ahead for OneBeacon Insurance purchase

Intact Financial Corporation announced on Sept. 25 that it had received all necessary regulatory approvals to finalize its $2.3 billion-purchase of U.S. insurer, OneBeacon Insurance Group Ltd. The acquisition closed three days later.

4. P&C stable in 2017 but faces significant market pressures: A.M. Best

Although the industry has thus far shown stable operating performance in 2017, A.M. Best’s report notes that severe weather conditions and a low interest rate environment are challenging the P&C market.

5. Wynward Insurance Group welcomes new chairman

Gregg Hanson, former president and CEO of Wawanesa, was named chairman in early September.

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