Continuing its expansion in Alberta and Ontario, BrokerLink, a subsidiary of Intact Financial Corporation, has finalized three new acquisitions.
These include Ontario-based Law Insurance Brokers, and Alberta-based Direct-Line Insurance and MKMK Risk Management. All three transactions were closed May 1, BrokerLink revealed in a press release on May 10, 2024.
Specifically, Direct-Line Insurance has been offering home and auto insurance as well as business and farm solutions since 1940 from its various offices in Edmonton, Millet, Warburg, Calmar, Sherwood Park, Beaumont, and Lamont.
Meanwhile, MKMK Group has been serving clients in Calgary and surrounding areas since 2010, providing home, auto, travel, life, and business insurance.
Established in 1914, Law Insurance Brokers is one of the oldest family-owned brokerages in Ontario. It offers home, auto, commercial, and specialized insurance. This acquisition will build BrokerLink’s teams in Sudbury and Aurora, says the company.
Targeting $5 billion in premiums by 2025
BrokerLink, told Insurance Portal that with these three new acquisitions, the company has closed a total of seven acquisitions since the start of 2024. The first was announced in March.
Last year, BrokerLink told Insurance Portal that it completed a total of 20 acquisitions in 2023.
