December 6, 2006, Toronto, Ontario: HKMB International Insurance Brokers (“HKMB”) confirms it has entered into an agreement to purchase the Toronto and Vancouver operations of Morris & Mackenzie Inc.
HKMB plans to integrate the operations of the two offices into its own during the first quarter of 2007 and looks forward to welcoming Morris & Mackenzie colleagues.
HKMB President, Gregory Belton, notes, “The acquisition of Morris & Mackenzie’s Toronto office builds on our well established foundation in that market. The purchase of Morris & Mackenzie’s Vancouver business gives HKMB an important local presence in Western Canada and new opportunities for expansion.”
Aviva Canada facilitated this transaction which also included the merger of Morris & Mackenzie’s Quebec operations with Dale-Parizeau L.M. HKMB CEO, Neil Morrison, commented that “Aviva Canada’s President and CEO, Igal Mayer, was instrumental in bringing the parties together in such a manner that everyone came away a winner. We appreciate Aviva’s assistance in taking our business forward and its ongoing support of the independent broker. We are very excited about our new Toronto and Vancouver-based colleagues joining the HKMB family.”
With this transaction, HKMB cements its position as Canada’s largest privately held commercial insurance broker with annual written premiums exceeding $300 million. It provides risk management and insurance services across Canada and worldwide.
About HKMB
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