Westland Insurance Expands Footprint in Manitoba with Acquisition of MIG Insurance

SURREY, British Columbia, Nov. 10, 2020 (GLOBE NEWSWIRE) — Westland Insurance Group Ltd. (“Westland”) is pleased to announce the closing of the acquisition of MIG Insurance Group, effective November 6, 2020. This acquisition supports Westland’s expansion strategy to serve more communities in Manitoba and across Canada.

MIG Insurance Group is headquartered in Portage La Prairie, Manitoba. Founded in 1995, it has eight branches throughout Manitoba. Their professional advisors provide residential, auto, life, travel, recreation, farm, and commercial insurance services. With this acquisition, Westland will be adding over 50 employees in Manitoba.

“We’re excited to be expanding our footprint in Manitoba with such a prominent and well-respected broker, and we are fortunate to be partnering with MIG’s owners, the Gilbert family, in a province that’s very important to Westland,” said Jamie Lyons, President & COO of Westland Insurance. “MIG is an innovative, digitally advanced brokerage focussed on providing product solutions that exceed customer expectations. We look forward to serving our customers in Manitoba, and would like to welcome the whole MIG team to the Westland family.”

“This is a great fit for MIG and we are thrilled to be joining Westland Insurance,” said Brian Gilbert, President & CEO of MIG Insurance Group Ltd. “Our values align and both companies share a deep commitment to our communities, and I know that our customers and employees will greatly benefit from this partnership.”

About Westland Insurance Group

Westland Insurance Group is one of the largest and fastest-growing independent property and casualty insurance brokers in Canada. With a national network of 150 locations and over 1,600 employees, the company continues to expand coast to coast. Westland’s brokers provide expert advice to home, business, farm, life, and auto insurance clients. Since its founding in 1980, Westland has remained a family-owned company that is committed to supporting its local communities. For more information, please visit www.westlandinsurance.ca

www.westlandinsurance.ca

Intact Financial Corporation – Possible Offer for RSA Insurance Group

Brookfield Business Partners to buy residential mortgage insurer Genworth MI Canada

TORONTO _ Brookfield Business Partners LP has signed a deal to buy the remaining interest in Genworth MI Canada Inc. that it does not already own in an offer that values the company at about $3.8 billion.

Brookfield owns a 57 per cent stake in the residential mortgage insurance company.

Under the terms of the agreement, Brookfield will pay $43.50 per share for the shares it does not hold

Genworth shares closed at $35.58 on the Toronto Stock Exchange on Friday.

The deal requires approval by a two-thirds majority vote by shareholders, as well as the approval by a simple majority of votes cast by minority shareholders, which excludes Brookfield.

Genworth MI Canada rebranded earlier this month and has been operating under the Sagen MI Canada banner.

Hub International Acquires Certain Assets of Ontario-Based Mumby Insurance Brokers Inc

Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the property and casualty and employee benefits businesses of Mumby Insurance Brokers Incorporated (Mumby Insurance). Terms of the transaction were not disclosed.

Located in Waterloo, Ontario, Mumby Insurance has decades of expertise in working with professionals throughout Canada, with special focus on architects, landscape architects, engineers and specification writers. Douglas Pinnell, Vice President of Mumby Insurance, will join Hub International Ontario Limited (Hub Ontario) and report to Matt Lievers, President of Employee Benefits in the region. Anthea Mumby, President of Mumby Insurance, will remain directly involved in the business as a consultant and will report to Gerry De Lauro, President of Personal Insurance, Hub Ontario.

About Hub’s M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise.  For more information on the Hub M&A experience, visit WeAreHub.com.

About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 12,000 employees in offices located throughout North America, Hub’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit www.hubinternational.com.

SOURCE Hub International Limited

www.hubinternational.com

Westland Insurance Acquires Two New Brokerage Firms in Alberta

SURREY, BRITISH COLUMBIA – October 2, 2020 – Westland Insurance Group Ltd. (“Westland”) is pleased to announce the closing of two acquisitions, effective October 1, 2020. Westland’s new retail offices, both located in Alberta, support the company’s expansion strategy to serve more communities in Alberta and across Canada

Ironside Insurance Brokers is a family-owned brokerage located in Carstairs, Alberta. Its professional insurance advisors are experts in residential, auto, life, travel, recreation, farm and commercial insurance services.

G&E Insurance has been providing insurance products to Picture Butte, Alberta, and its surrounding area for over 35 years. Their professional advisors provide residential, auto, travel, recreation, farm and commercial insurance services.

Westland Insurance is excited to welcome these agencies to the organization. With these acquisitions, Westland will be adding two branches and 19 employees in Alberta. Post-acquisition, Westland will have over 1500 employees and 131 offices in British Columbia, Alberta, Saskatchewan and Manitoba.

Westland Insurance Group is a client-focused and community-based Property & Casualty insurance brokerage established in 1980 in Ladner, B.C. The company is one of Canada’s largest independent P&C insurance distributors with over 130 offices throughout British Columbia, Alberta, Saskatchewan and Manitoba. Westland is considered a leader in home, business, farm and auto insurance.

www.westlandinsurance.ca

Westland Insurance Acquires Four New Brokerage Firms

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Source: Westland Insurance Group Ltd.

SURREY, British Columbia, Sept. 02, 2020 (GLOBE NEWSWIRE) — Westland Insurance Group Ltd. (“Westland”) is pleased to announce the closing of four acquisitions, effective August 31, 2020. The new retail offices, which are located in British Columbia, Alberta and Manitoba, support Westland’s expansion strategy to serve more communities across the country.

“This is an exciting time for Westland as we continue our strategic expansion across Canada. These acquisitions strengthen our presence in western Canada, and, for the first time, provide us the opportunity to support clients in Manitoba,” said Jason Wubs, CEO of Westland Insurance. “These are all client-focussed agencies with deep roots in their communities, and they are perfectly aligned to Westland’s core values. Their professional advisors will continue to provide the same great service, and we are excited to welcome our new team members to the Westland family.”

Manitoba

King Insurance:
Founded in 1962, King Insurance is a family-owned brokerage located in Winnipeg, Manitoba. Its professional insurance advisors are experts in residential, auto, business, life and disability insurance.

Alberta

Johnson Agencies:
Johnson Agencies has served the insurance needs of Leduc, Alberta, and the surrounding areas since 1967. They provide residential, auto, recreation, commercial, farm, travel and life insurance.

Hedderick Insurance Agencies:
Located in Pincher Creek, Alberta, Hedderick Insurance Agencies has been serving clients since 1949. They provide residential, commercial, recreation, farm and auto insurance.

British Columbia

Nauroth & Associates:
Family-owned Nauroth & Associates has been serving the Prince George, BC, area for over 25 years. Their expert advisors provide the community with auto, residential, commercial, travel and life insurance.

With these acquisitions, Westland Insurance will be adding four branches and over 30 employees across Canada. Post-acquisition, Westland will have nearly 1500 employees and more than 120 offices in British Columbia, Alberta, Saskatchewan and Manitoba.

About Westland Insurance Group

Westland Insurance Group is a client-focused and community-based Property & Casualty insurance brokerage established in 1980 in Ladner, B.C. The company is one of Canada’s largest independent P&C insurance distributors with over 120 offices throughout British Columbia, Alberta, Saskatchewan and Manitoba. Westland is considered a leader in home, business, farm and auto insurance.

www.westlandinsurance.ca

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