Westland Insurance announced that it has acquired the Edmonton brokerage RiskTech Insurance Services as of January 1.
Risk Tech was a member of Excel Insurance Group. It specializes in serving large and mid-market commercial risks and complements Westland’s existing commercial insurance practice in Alberta.
With this acquisition, Westland welcomes Douglas H. Morrow as its new vice president, Commercial in Alberta. Morrow was most recently president and chief executive officer of Excel Insurance Group.
Westland Insurance Group is one of the largest independent insurance brokers in Canada. Trading more than $2.5 billion of premium, Westland offers commercial, personal, employee benefits, farm, and specialty insurance. Since its founding in 1980, Westland has remained a family-owned company while growing organically and through acquisitions.
Excel Insurance Group is a group of independently owned Canadian insurance brokerages with 17 offices across western Canada, representing $100 million in premium volume. Excel is a member of Assurex Global.
Topics InsurTech Mergers & Acquisitions Agencies Tech Canada
Was this article valuable?
Here are more articles you may enjoy.
Lemonade $10.5 Million Settlement Over License Number Data Breach Approved 
‘Most Successful’ Hole-in-One Prize Insurance Operator Pleads Guilty to Fraud 
Florida OIR Approves Four More HO Rate Cuts as Citizens Keeps Shrinking 
AI Fuels 440% Surge in Hackers Using Blockchains in Attacks 
