Tuesday, July 26, 2022
HomeInsurance LawWestland buys two insurers to bolster Ontario presence

Westland buys two insurers to bolster Ontario presence

[ad_1]

Canadian property and casualty insurer Westland Insurance coverage Group has introduced the acquisition of MCR Insurance coverage and Walter Roberts Insurance coverage.

Westland didn’t disclose the monetary phrases of the transaction.

Each the acquired corporations are situated in Ontario, which is a area of strategic significance for Westland.

MCR Insurance coverage specialises in excessive worth house, cottage, auto and business strains of enterprise, with a give attention to communities north of the Better Toronto Space and Muskoka.

Walter Roberts, however, brings experience in E&O, commonplace, area of interest, and excessive worth merchandise throughout private and business strains.

Westland president & COO Jamie Lyons stated: “Every of those acquisitions provides important depth and power to our quickly increasing footprint within the Ontario market, which stays key to our nationwide technique.”

Within the final two years, the insurer is claimed to have recorded important development in Ontario.

Westland plans to proceed its enlargement within the area to carter to new and current prospects with a give attention to business insurance coverage market.

Westland govt vp of business and japanese Canada operations Donna Barclay stated: “Ontario’s significance to the Canadian insurance coverage market makes it a key a part of our nationwide technique.

“The dimensions and various nature of the insurance coverage enterprise in Ontario is enticing as we glance to serve extra Canadians coast to coast with extra product choices and advisory primarily based options.”

Earlier this yr, Westland secured an extra $200m dedication from Blackstone Credit score.

[ad_2]

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments