BrokerLink, a subsidiary of Intact Monetary, has bolstered its presence in Canada with the acquisition of three regional insurance coverage brokerages.
Monetary particulars of the three offers stay undisclosed.
The acquired firms are Avergate Insurance coverage and Keyes Insurance coverage Brokers in Ontario, and CDM Insurance coverage Brokers in Alberta.
Avergate Insurance coverage, which has been operational in Markham and North York since 2016, specialises in high-net-worth private insurance coverage.
The corporate additionally supplies industrial insurance coverage recommendation with a deal with sectors equivalent to development and cyber insurance coverage.
Keyes Insurance coverage Brokers, established in Gananoque in 1926, is a household owned brokerage providing specialty industrial and private insurance coverage merchandise.
In Alberta, CDM Insurance coverage Brokers brings greater than 20 years of expertise in private house and auto insurance coverage to the BrokerLink community.
BrokerLink president Joe D’Annunzio mentioned: “With these three acquisitions, we’re strengthening our presence in two provinces the place we now have deep roots, permitting us to serve extra clients with insurance coverage options, whereas reinforcing our dedication to supporting Canadian communities.
“This progress allows us to broaden our experience, improve our choices and construct even stronger connections with the individuals and companies we serve.”
In March, the corporate acquired Bankers and Merchants Insurance coverage in Edmonton, Aspen Insurance coverage Brokers in Calgary and SeaLand Insurance coverage in St. John’s.
Aspen Insurance coverage is thought for its protection in private house, auto, journey and industrial insurance coverage.
Bankers and Merchants Insurance coverage specialises in high-net-worth private insurance coverage, whereas SeaLand Insurance coverage operates within the marine business.
BrokerLink is a Canadian property and casualty insurance coverage brokerage with a community that features greater than 200 branches, and employs over 4,000 individuals.
