FIRST Canada Acquires Insurance Premium Finance Company

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Company Strengthens Commitment to the Canadian Insurance Market

Toronto, July 17, 2017 – FIRST Insurance Funding of Canada (FIRST Canada), the leader in insurance payment solutions, has acquired Insurance Premium Finance Company (IPFC) to further expand its presence and continued commitment to the Canadian insurance industry.

FIRST Canada will acquire the IPFC business, its office and hire staff members effective July 17, 2017. With FIRST Canada’s payments and premium finance expertise, combined with IPFC’s exceptional service and local market knowledge, the two will create unequaled payment solutions and service for brokers and clients in Western Canada.

“We have been looking to expand our commitment and physical presence in Western Canada and as those in the industry know, good people are the hardest part of the puzzle. That’s why this opportunity to join teams with IPFC is a win-win for both our companies and our clients,” said Stuart Bruce, CEO of FIRST Canada.

“After more than 12 years in the industry, we care deeply about both our staff and our client relationships,” said Randy Stafford, chairman of IPFC. “We wanted to make sure the culture and product offering of the company we joined was the right fit. I have no doubt that we made the right choice with FIRST Canada.”

FIRST Canada is in the initial stages of the transition. There will be no impact to brokers and their clients and they will continue to provide them with the same great service and now offer them the best payment options in the industry.

About FIRST Insurance Funding of Canada

FIRST Insurance Funding of Canada (FIRST Canada) provides the Canadian Insurance Market with comprehensive payment solutions. Brokers, MGAs and Carriers can partner with FIRST Canada and expand their offering to provide more value, choice and convenience for all of their clients. The combined strength of FIRST Canada’s dedicated team, evolved offering, and innovative platform positions their partners to meet the demanding future of the Canadian Insurance landscape. Armed with market-leading solutions for success, FIRST Canada is part of the Wintrust (Nasdaq: WTFC) family of companies, totaling in excess of $25 billion in assets and a part of the largest premium finance companies in North America. For more information please visit firstinsurancefunding.ca.

Source: FIRST Insurance Funding of Canada

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