Toronto, ON (Jan. 13, 2016) – City Insurance Offices Ltd. and Philpot & Delgaty Insurance Ltd. have announced that they will join BrokerLink, one of Canada’s largest property and casualty insurance brokerages.
Operating out of Sarnia and Petrolia, and Thunder Bay respectively, this acquisition introduces the BrokerLink brand into Sarnia and Petrolia while building on an established business presence in Thunder Bay. The terms of the transaction were not disclosed.
In the coming months, both brokerages’ operations will transition and integrate under the BrokerLink brand.
“Brokerages have an important role to play in providing customers advice and choice for their insurance,” said Paul Meyer, Head of Acquisitions at BrokerLink. “With this acquisition, these brokerages will benefit from the back-office support and scale of BrokerLink while customers continue to be serviced by their local broker who understands their needs.”
The two brokerages and their respective three offices combined bring over 200 years of insurance history to the organization.
“Each of these brokerages brings a long history of exceptional service and strong ties to the community. BrokerLink’s commitment to remaining a local brokerage is central to our business model. This is often one of the most important elements we explain to brokerage owners interested in learning more about what BrokerLink has to offer.”
Established in 1991, the BrokerLink companies, which include Canada Brokerlink Inc., Canada Brokerlink (Ontario) Inc. and Macdonald Chisholm Trask Insurance, together constitute one of the largest Canadian property and casualty insurance brokerage operations with over 100 offices supported by more than 1,000 employees across Ontario, Alberta and Atlantic Canada. The BrokerLink companies are subsidiaries of Intact Financial Corporation (TSX: IFC).