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 2026 Reuters. Click for restrictions.
Topics Canada
Was this article valuable?
Here are more articles you may enjoy.
AIG’s Zaffino to Step Down as CEO as Aon’s Andersen Steps In 
Four in New Jersey Face Charges in Alleged $250K Travel Insurance Scam 
Litigation Funding, Other New Laws in SE States Could Impact Liability Insurance 
Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says 
