Dual acquisition expands Brokerlink’s presence in Ontario
Toronto, ON (Dec. 5, 2019) – BrokerLink is pleased to announce it has acquired Ontario-based Combius Insurance Inc. (Combius) and the Pickering, Ontario book of business from Newman, Oliver & McCarten Insurance Brokers Ltd. (Newman Insurance), effective December 1, 2019.
Terms of the transactions were not disclosed.
Combius has provided insurance services to the Newmarket community since 2015. As a full-service broker, Combius offers personal home, auto and commercial insurance.
“Providing our customers with excellent and customized service has always been our focus,” says President of Combius, Jason Hinchliffe. “Joining BrokerLink will not only help us continue to provide the quality of service our customers expect, but will also widen the range of insurance products we will be able to offer.”
Newman Insurance’s Pickering branch has serviced the community since 2006 and offers customers tailored insurance services for personal home, auto, commercial and farm insurance.
“Welcoming Combius and Newman Insurance’s Pickering location allows us to grow our presence in Ontario,” says President of BrokerLink, Joe D’Annunzio. “Not only will we be increasing our service in Newmarket, but we will now be able to serve customers in Pickering, where we plan to create long-lasting relationships.”
Established in 1991, the BrokerLink companies, which include Canada Brokerlink Inc., Canada Brokerlink (Ontario) Inc. and Macdonald Chisholm Incorporated, together constitute one of the largest Canadian property and casualty insurance brokerage operations with over 140 offices supported by more than 2,000 employees across Ontario, Alberta and Atlantic Canada. The BrokerLink companies are subsidiaries of Intact Financial Corporation (TSX: IFC).
About Combius Insurance Inc.
Combius has been providing insurance services to the Newmarket community for nearly five years. As a full-service broker, Combius offers personal home, auto and commercial insurance.
About Newman, Oliver & McCarten Insurance Brokers Ltd.
Newman Insurance began operations in 1871, serving the Hastings County and Quinte areas of Ontario. Newman Insurance provides general insurance coverage from its ten locations with over 70 team members with a combined total of over 900 years of experience in the industry.
Source: BrokerLinkTags: Acquisition, BrokerLink, Ontario