The Co-operators has purchased Linda Rioux Assurances, the Warwick, Quebec-based insurance broker.
Financial details of the deal were not disclosed.
The broker’s portfolio includes home, auto, farm and commercial insurance policies, said The Co-operators, the Guelph, Ontario-based insurer. The company explained that any existing insurance coverage will remain in effect for the current policy term.
Linda Rioux Assurances specializes “in risk management for commercial and industrial companies, agricultural producers and individuals,” said the broker’s website.
“This is exciting news as we remain focused on strengthening our agency distribution system in Quebec,” commented Patrick Décarie, Quebec region VP, The Co-operators. “We look forward to serving our new clients and ensuring they have access to the insurance and investment products they need to achieve financial security, and ultimately, peace of mind.”
About The Co-operators
The Co-operators Group Ltd. is a Canadian insurance co-operative with more than $53.3 billion in assets under administration. Through its group of companies, it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products.
Source: The Co-operators Group Ltd.
Topics Mergers & Acquisitions Agencies Canada
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