Toronto, ON (June 11, 2015) – ALIGNED Insurance Inc., a leading commercial insurance brokerage, has announced it has acquired the shares of Waterloo based brokerage Precept Insurance and Risk Management Inc. The transaction was completed June 1, 2015 and the terms of the acquisition were not disclosed.
“ALIGNED continues to experience industry leading growth due to the unmatched value we deliver to our clients, and are thrilled to add the entire Precept Insurance and Risk Management Inc. team and nearly 800 clients to ALIGNED as we continue to deliver industry leading insurance and risk management solutions to our great and growing group of clients across Canada,” said Andrew Clark, president and CEO of ALIGNED.
ALIGNED Insurance Inc. has offices in Vancouver, Calgary and Toronto and its national operations centre in Waterloo, ON.
About Precept Insurance and Risk Management Inc.
Precept was founded in 1998 by the merger of three well-established brokerage firms with deep roots in the communities they serve that date back to 1912. Precept specializes in business, commercial, and specialty insurance. Their focus on providing their clients with tailor-made solutions that bring together risk management, personal attention and world class protection insurance products had led them to become one of the leading insurance brokerages in Tri- Cities and greater South Western Ontario area.
About ALIGNED Insurance
ALIGNED is a premiere insurance brokerage with over 1,400 clients across the country and offices in Toronto, Calgary and Vancouver which are supported by their national operations which is based in Waterloo, Ontario. ALIGNED was uniquely built to create, negotiate and deliver the best business insurance and risk management strategies/solutions to organizations of all sizes.
ALIGNED Insurance offers the following products:
Management Liability:
- Board Insurance / Directors and Officers (D&O) Insurance
- Employment Practices Liability (EPL) Insurance
- Fiduciary Liability Insurance
Other:
- Property Insurance- Including Business Interruption & Extra Expense
- Machinery Breakdown/Boiler & Machinery Insurance
- Course of Construction(COC)
- Wrap-up Liability Insurance
- Commercial General Liability / CGL Insurance
- Pollution Liability Insurance
- Commercial Automobile & Fleet Insurance
- Umbrella Liability Insurance
- Cyber, Hacking & Privacy Liability Insurance
- Crime/Fidelity/Employee Theft Insurance
- Professional Liability/Errors & Omissions (E&O) Insurance
- Kidnap & Ransom Insurance
- Representations & Warranty Insurance
- Trade Credit
- Surety & Bonding
To learn more about our insurance products visit us at www.alignedinsuranceinc.com.
SOURCE: ALIGNED Insurance Inc.
