Le Lézard
Classified in: Business
Subjects: MISCELLANEOUS, MISCELLANEOUS, MERGERS AND ACQUISITIONS (M&A)

Westland Insurance acquires two new Ontario-based brokerages


Surrey, BC/Territories of the Coast Salish (Kwantlen, Katzie, Semiahmoo, Tsawwassen First Nations), June 05, 2023 (GLOBE NEWSWIRE) -- Westland Insurance, Canada's leading independently-owned brokerage, today announced that it acquired MYCOR Insurance Solutions Inc. and Murphy Insurance Services Inc. effective June 1. With these acquisitions, Westland continues to grow across Canada.

MYCOR Insurance is a Toronto -based, full-service P&C brokerage with seven locations across Ontario, Alberta, and Saskatchewan. They focus on providing unique insurance and risk management solutions to the Commercial marketplace, with a distinctive niche in a variety of commercial specialty programs with high client retention rates.

Serving the Simcoe and Muskoka areas in Ontario since 1981, Murphy Insurance is a boutique full-service P&C insurance brokerage that specializes in advisory-based solutions across a number of key Commercial segments, as well as VIP Personal Lines.

"It's with much excitement that I welcome MYCOR Insurance and Murphy Insurance to Westland," says Jamie Lyons, President & CEO of Westland Insurance. "Both brokerages have tremendous leadership, entrepreneurial cultures, and offer unique value to their clients. The opportunity to better serve Canadians through dedicated, client-first brokerages like these is what drives us to continue expanding from coast to coast. We're thrilled to have the MYCOR and Murphy Insurance teams join the Westland family."

Westland continues to invest in and grow its business in Canada, both organically and through strategic acquisitions.

- 30 - 

About Westland Insurance Group  

Westland Insurance Group is one of the largest and fastest-growing independent insurance brokers in Canada. Trading over $3 billion of premium, Westland continues to expand coast to coast. Westland's brokers provide expertise and advisory-based services across commercial, personal, employee benefits, farm, and specialty insurance segments. Since its founding in 1980, Westland has remained committed to supporting its clients, industry partners and local communities. For more information, please visit westlandinsurance.ca.



These press releases may also interest you

at 14:19
Jennifer Mersereau, Senior Partner, Co-Founder & COO, Hamilton ETFs, Patrick Sommerville, Senior Partner, Head of Business Development, Hamilton ETFs, and their team joined Keith Wu, Head, Exchange Traded Products, Toronto Stock Exchange , to open...

at 14:03
New research insights from Info-Tech Tech Research Group will equip food and beverage manufacturers with essential strategies for embracing digital transformation. The global research and advisory firm explains that the industry can significantly...

at 13:50
Canadian General Investments, Limited (CGI)  (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at June 30, 2024 was $62.50, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 13.3% and...

at 13:40
New research led by the Faculty of Health Sciences at Ontario Tech University and published in Diabetic Medicine, reveals participation in Special Olympics programming is associated with a significantly lower risk of diabetes among adults with...

at 13:30
The July 15 deadline approaches to be eligible for the Canada Carbon Rebate for Small Businesses. This refundable tax credit announced in Budget 2024 returns a portion of federal fuel charge proceeds directly to an estimated 600,000 small and medium...

at 13:22
ÉRIC & DANIEL TADROS, the visionaries behind the Liberty City real estate development, have received support from Tim Draper, a venture capitalist who initially funded Elon Musk for Tesla and SpaceX, and also supported over 20 companies that now...



News published on and distributed by: