Canadian brokerage Westland Insurance coverage has acquired Saskatchewan-based Loewen Businesses to reinforce its insurance coverage choices and prolong its shopper 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 stated: “I’m extraordinarily happy to welcome Loewen Businesses to the Westland workforce. That is an thrilling step in our progress journey. Supporting rural communities throughout Canada with their insurance coverage wants is a vital a part of our enterprise mannequin at Westland.
“We stay up for welcoming their gifted 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 providers throughout numerous insurance coverage segments together with business, 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 Higher Toronto Space for greater than 20 years.
In November final yr, Westland Insurance coverage bought MSP Insurance coverage, working as Mitchell Sandham Pastor Insurance coverage Brokers.
This was Westland’s third collaboration in Ontario final yr, strengthening its nationwide footprint.
