Montreal, QC (May 12, 2015) – EGR, a company created on January 1, 2015, by damage insurance firms EssOR Insurance, Pratte Morrissette Inc., and Assuraction Inc., is continuing to grow with the announcement of its acquisition of Labrecque, Brouillette & Castelli Inc., better known as Castelli Insurance.
With this acquisition, EGR will expand its insurance premium volume by several million dollars, while bolstering its position as a leader in its niche in Quebec, especially in Montreal.
“EGR is very pleased to be associated with such a highly regarded team made up of professionals well known for their professionalism and risk management expertise,” said EGR President Louis Bélanger.
“We know that like us, they are deeply committed to representing their customers’ interests,” he added. “This transaction launches our strategy for growth in Montreal and demonstrates that the pooling of our expertise under EGR is paying off as expected.”
The 14 employees of Labrecque, Brouillette & Castelli Inc. joined the Montreal office of EGR on April 30.
EGR Inc. was created on January 1, 2015, by damage insurance firms EssOR Insurance, Pratte Morrissette Inc., and Assuraction Inc. EGR has 10 offices and 189 employees, including a team of specialized brokers in every major economic hub along the Quebec City–Montreal corridor. This new team includes brokers specialized in risk marketing, prevention specialists, legal experts, and claims adjustors. With a volume of insurance premiums estimated at over $150 million, EGR has emerged as one of the five biggest insurance brokers in its niche in Quebec. The company is led by President Louis Bélanger, backed by Richard Drouin as Executive Vice President and Simon Marchand-Fortier as Vice President of Operations.
SOURCE: Pratte Morrissette