Western Financial Group has announced its July 1 acquisition of BC Yacht Insurance Brokers Inc. The acquisition of BC Yacht, a Sidney-based marine insurance specialist, marks Western’s second acquisition on Vancouver Island this year.
“This is a great fit for Western and for BC Yacht,” said Scott Tannas, president and CEO of Western Financial Group in a statement. “Gaining BC Yacht’s expertise in watercraft insurance will immediately benefit our customers and brokers across our network”
“We have developed specialized expertise and underwriting agreements with respect to watercraft and marine insurance which we will now bring to Western’s expanding network,” said Robert (Bob) Raymond, founder and owner of BC Yacht. “This allows us to continue strongly growing our business right here in Sidney, and it means we can offer our excellent products and services right across western Canada.”
BC Yacht was founded in 2006 when Bob Raymond, a very experienced yachtsman, decided to sell his general insurance brokerage and primarily pursue specialized watercraft and marine insurance.
Western said it will expand BC Yacht’s reach to customers across western Canada and, over time, BC Yacht’s customers will “benefit from the wide range of insurance products Western provides including home, auto, life, business, farm and specialty insurance products.”
BC Yacht’s Sidney office, now under the Western Financial Group banner, will continue to operate with the same knowledgeable and friendly staff out of its same location at #105 – 2506 Beacon Avenue.