Private equity firm Warburg Pincus made a majority investment in SCM Insurance Services, the privately owned Canadian insurance services provider said on Thursday.
SCM did not disclose financial terms but said the investment would help grow its business in Canada and the United States, which it entered in May.
The deal marks Warburg Pincus’ second investment in Canada since 2016 when it invested in oil and gas company MainSail Energy. The firm also has stakes in Canadian oil sands companies MEG Energy Corp and Osum Oil Sands Corp.
(Reporting by Anirban Paul in Bengaluru; editing by Bernard Orr)
Copyright 2025 Reuters. Click for restrictions.
Topics Canada
Was this article valuable?
Here are more articles you may enjoy.
Lloyd’s Probing Conduct of Ex-CEO Who Had Been Set to Join AIG 
FEMA Chief Resigns After Six Months, Criticism Over Floods 
Starbucks Must Face Shareholder Lawsuit Over Surprise Sales Decline 
Kentucky Scrapyard Workers Describe UPS Plane Crash That Destroyed Their Business 
