M&A Deal Summary

Canadian Broker Network Acquires South Western Insurance Group

On December 5, 2012, Canadian Broker Network acquired insurance company South Western Insurance Group from Intact

Acquisition Highlights
  • This is Canadian Broker Network’s 1st transaction in the Insurance sector.
  • This is Canadian Broker Network’s 1st transaction in Canada.
  • This is Canadian Broker Network’s 1st transaction in Ontario.

M&A Deal Summary

Date 2012-12-05
Target South Western Insurance Group
Sector Insurance
Buyer(s) Canadian Broker Network
Sellers(s) Intact
Deal Type Divestiture

Target

South Western Insurance Group

Toronto, Ontario, Canada
South Western Insurance Group Ltd. is a Wholesale Insurance Intermediary/Managing General Agent offering a broad range of insurance solutions for specialty, niche, program and hard-to-place business. South Western has provided underwriting expertise to insurance brokers across Canada.

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Buyer(S) 1

Buyer

Canadian Broker Network

Canada

Category Company
Sector Insurance
DESCRIPTION

The Canadian Broker Network is a group of nine major independent commercially oriented insurance brokers. Together, the network writes more than C$750 million in property and casualty premiums annually.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2012 M&A 1 of 1

Seller(S) 1

SELLER

Intact

Toronto, Ontario, Canada

Category Company
Founded 1809
Sector Insurance
Employees31,000
Revenue 23.7B CAD (2024)
DESCRIPTION

Intact is a provider of property and casualty insurance in Canada with $7.3 billion in premiums. Intact was founded in 1809 and is based in Toronto, Ontario.


DEAL STATS #
Overall 2 of 4
Sector: Insurance M&A 2 of 4
Type: Divestiture M&A Deals 2 of 4
State: Ontario M&A 1 of 2
Country: Canada M&A 2 of 3
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Jevco Insurance Co.

Mississauga, Ontario, Canada

Jevco Insurance Co. is a provider of specialty and niche insurance products for individuals and businesses in Canada.

Buy $530M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-21 Metro General Insurance

St. John's, Newfoundland, Canada

Metro General Insurance Corporation Ltd. is a privately owned property and casualty insurance company, offer home, auto and liability insurance to consumers through a network of brokers located throughout Newfoundland and Labrador and in rural Nova Scotia.

Buy -