The property and casualty brokerage consolidator has acquired a life insurance managing general agent.
Competitive pressures in certain segments are expected to limit premium increases in the property and casualty insurance
Several insurers have been at the heart of major transactions closed during the last 12 months.
This marks the consolidator’s 11th acquisition of 2024.
The transaction was announced through one of the company’s partner firms.
Commercial insurance broker adds marine business to the company’s specialty lines.
The acquired company is one of the largest in Canada.