Acquisition momentum continues for BrokerLink, which introduced this week it has closed offers on William C. Aitken Insurance coverage Ltd., and Louis Meier Insurance coverage Brokers Ltd. Offers closed on June 1, 2024 and July 1, 2024 respectively. Each brokerages are within the larger Toronto space.
That brings BrokerLink’s acquisitions whole to 10 to this point this yr.
Toronto-based William C. Aitken Insurance coverage opened in 1946 and offers house, auto and numerous specialty business insurance coverage coverages, together with non-standard business property, marine liabilities and plane. Its workforce members proceed to serve the corporate’s prospects put up acquisition.
“Discovering the best insurance coverage protection to guard our prospects from monetary threat has at all times been our high precedence,” says Tom Watson, President of William C. Aitken Insurance coverage. “We’ll proceed going above and past for our prospects and group members.”
Concorde, Ont.-based Louis Meier Insurance coverage opened in 1963. It gives private house and auto protection, in addition to business property and auto insurance coverage, protection for leisure operations and life and pet insurance coverage, in accordance with its web site.
“We plan to proceed constructing relationships within the larger Toronto space, so we’re excited to welcome our new workforce members and prospects from William C. Aitken Insurance coverage and Louis Meier Insurance coverage,” says Danny Da Costa, BrokerLink’s newly appointed vice chairman of Ontario and Digital Distribution.
“We admire these brokerages’ dedication to distinctive customer support and their ardour for supporting their communities suits nicely with our values.”
These newest acquisitions are the newest in a string of 2024 buyouts that embrace The Normal, MKMK Group, Direct-Line Insurance, Hanbidge and Bowman, Powell Insurance Brokers, Bastow Insurance, Regulation Insurance coverage Brokers, and the private and small to medium enterprise business insurance coverage e book of enterprise from Halpenny Insurance coverage Brokers.
BrokerLink is one in all Canada’s largest property and casualty insurance coverage brokerages and a subsidiary of Intact Monetary Company.
All through 2023, BrokerLink completed 20 acquisitions, increasing the corporate’s footprint nationwide.
Function picture by iStock/Arslan Haider
