Westland Insurance, an independent insurance company on Canada's west coast, announced Aug. 3 its acquisition of two property and casualty (P&C) brokerages: Ontario-based Hubbard Insurance Group and New Brunswick-based Assurance B. Belliveau Insurance Inc.
Terms of the transactions were not disclosed. The move takes Westland one step closer to national expansion, the company says, with its services now being offered in the two new provinces.
Hubbard Insurance Group, a family-owned brokerage in the industry for 35 years, is comprised of two divisions: Hubbard Insurance Brokers, a P&C brokerage focused on commercial insurance and Hubbard Financial Services, which focuses on group benefits, life insurance and group disability.
The company says the acquisition lends strength to Westland Insurance's focus on commercial lines and gives it the ability to expand its talent pool.
Expanding in Atlantic Canada has long been a vital part of Westland's growth strategy, and Assurance Belliveau Insurance helps achieve this, they add. The multi-generational family business has been serving Dieppe, New Brunswick, for more than three decades.
“We’re extremely pleased to have found such fantastic partners in Hubbard Insurance Group and Assurance B. Belliveau Insurance,” said Jamie Lyons, Westland’s president and CEO in a press release. “We're excited to be able to serve more communities in Eastern Canada as we welcome these best-in-class brokerages to the Westland family.”
