Industry Consolidation – Should You Buy a Business...
The Canadian Property & Casualty (P&C) Insurance Industry is going through dramatic changes. There have been significant industry consolidations over the past 15 years at all levels of the distribution chain. In addition, changes in consumer behavior, new online distribution platforms, higher business valuations and increased competition are dramatically changing how business is being done.
At Smythe we understand the realities of the current business environment for insurance market participants. Our firm is recognized throughout Canada as a leader in providing accounting and advisory services to the P&C Industry.
At Smythe Advisory, our goal is to deliver an exceptional level of client service that adds value to our clients’ businesses.
Our reputation for quality, integrity and innovation is well-known to agents, brokers, MGAs, banks, insurance companies and private equity firms throughout Canada. Our objective is to help the insurance distribution industry with industry-leading services that maximize value.
Our services tailored for insurance businesses include:
Leading the Smythe Advisory practice is Partner Mike Berris, CPA, CA, CBV. Mike has been advising insurance industry participants for over 25 years and is recognized throughout Canada as a leading advisor in this field. Working with Mike is Partner Alex Wong, CPA, CA, CBV, and a team of seven professionals that all have considerable experience with every aspect of the insurance distribution industry.
In addition, Smythe Advisory has developed good working relationships with other industry participants, helping us leverage our service offerings. This includes trusted relationships with banks, private equity firms, consolidators and lawyers.
Over the years we have been involved in hundreds of assignments that include services ranging from accounting assistance, valuations, raising of capital, restructuring, management buyouts and mergers and acquisitions. This experience allows us to provide our advisory services in a timely and cost-effective manner.
Our services are generally tailored to the specific needs of our clients. Some examples of recent projects include:
While the names of our clients are held in confidence, the type of clients we serve include the following:
For more information about P&C Insurance Services, contact us today.