Canadian brokerage Westland Insurance coverage has acquired Saskatchewan-based Loewen Businesses to boost its insurance coverage choices and prolong its consumer base.
The monetary phrases of the deal haven’t been disclosed.
Loewen Businesses has been serving the Radville, Ceylon and Minton communities since 1947 by offering protection for properties, automobiles, companies and farms.
Westland Insurance coverage president and CEO Jamie Lyons mentioned: “I’m extraordinarily happy to welcome Loewen Businesses to the Westland workforce. That is an thrilling step in our development journey. Supporting rural communities throughout Canada with their insurance coverage wants is a vital a part of our enterprise mannequin at Westland.
“We sit up for welcoming their proficient workforce and to proceed offering excellent service in these new communities that they’ve served for many years.”
Arrange in 1980, Westland Insurance coverage is thought for its advisory-based companies throughout varied insurance coverage segments together with industrial, private, worker advantages, farm and specialty insurance coverage.
Final month, the corporate additionally acquired the West Burlington operation of Youngs Insurance coverage Brokers.
Youngs – Burlington West is a property and casualty brokerage that has been offering customised insurance coverage options to shoppers within the Larger Toronto Space for greater than 20 years.
In November final 12 months, Westland Insurance coverage bought MSP Insurance coverage, working as Mitchell Sandham Pastor Insurance coverage Brokers.
This was Westland’s third collaboration in Ontario final 12 months, strengthening its nationwide footprint.
