Axis Insurance coverage Managers Inc., the Vancouver, Canada-based insurance coverage dealer, introduced the acquisition of Fuse Insurance coverage, a Calgary-based, technology-driven industrial insurance coverage brokerage.
Based in 2017, Fuse has constructed a robust popularity for managing advanced dangers in industries corresponding to ecommerce, healthcare, and hashish.
Monetary particulars of the deal weren’t disclosed.
Axis Insurance coverage mentioned this acquisition strengthens its presence in Alberta and enhances its skill to ship superior danger administration options. Fuse combines insurance coverage experience with software program growth to create one among Western Canada’s first totally digital industrial brokerages.
“The Fuse crew and I are excited to affix Axis Insurance coverage and mix our digital capabilities with their nationwide attain. We’re grateful to our insurers, companions, previous workers, associates, household, and particularly our purchasers for his or her assist over the previous 7.5 years,” in line with Kevin Lea, co-founder of Fuse Insurance coverage.
Lea will be part of Axis Insurance coverage’s industrial gross sales crew and collaborate with specialised follow teams to drive program growth.
With roots courting again to 1928, Axis has grown into one among Canada’s main brokerages, with over 350 workers. As a full-service brokerage, Axis focuses on private insurance coverage, industrial insurance coverage, life and worker advantages, in addition to wealth advisory companies.
Supply: Axis Insurance coverage Managers
Subjects
Mergers & Acquisitions
Canada
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