As Intact Financial Corporation reports a 74 per cent increase in its 2024 earnings, its subsidiary BrokerLink has announces two new acquisitions.
Just days after marking its entry into British Columbia, BrokerLink is further expanding its presence in Western Canada by acquiring Armour Insurance Group Ltd. (Armour Insurance) and Northgate Insurance Centre (Northgate Insurance).
Based in Edmonton, Armour Insurance has been providing home, auto, commercial, travel, and even pet insurance for nearly three decades. The brokerage serves a broad client base across Alberta and southern Ontario.
Northgate Insurance, founded in 1988, operates in Calgary, offering auto, home, condo, seasonal property, home-based business, and tenant insurance.
Targeting $5 billion in premiums
Effective as of Feb. 1, these two transactions mark BrokerLink’s second and third acquisitions of 2025.
Armour Insurance and Northgate Insurance stated in a press release that they will continue their operations and serve their clients as part of BrokerLink.
In its 2024 financial report, Intact noted that BrokerLink’s various acquisitions have contributed an additional $491 million in written premiums, bringing its total volume to $4.3 billion as of Dec. 31.
By the end of 2025, BrokerLink aims to reach $5 billion in written premiums, according to its parent company.
