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Canadian brokerages’ latest M&A deals

Brokerage growth through acquisition in Canada proceeded at a torrid pace this past week.

Large Canadian brokerages Westland Insurance Group and Acera Insurance Services Ltd. each announced new deals, while Navacord Inc. expanded two of its specialty brokerages in Canada’s capital region: 

  • Westland acquired Alberta-based Canadian Special Risks Inc., effective June 1.
  • Acera Insurance acquired Ontario-based Dorey & Tolgyesi Insurance Brokers Ltd.
  • Navacord brokerages Petrela, Winter & Associates and Jones Deslauriers each opened new offices in Ottawa.  

Westland says its deal marks another milestone in the brokerage’s ongoing expansion efforts across the country. Athabasca, Alta.-based Canadian Special Risks is a well-established commercial brokerage specializing in commercial welding programs. In particular, the firm offers welders commercial general liability, oil and…

Read more at www.canadianunderwriter.ca

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