Collectivfide Insurance Group acquires Claremont Mississauga Insurance Brokers Inc.

Collectivfide Insurance Group Inc. closes another acquisition with Claremont Mississauga Insurance Brokers Inc., its second within a month and thirteenth brokerage since its inception in 2019

Cambridge, ON (July 11, 2024) – Collectivfide Insurance Group Inc. is pleased to announce Claremont Mississauga Insurance Brokers Inc. as its newest broker partner in the Collectivfide network. Located in Mississauga, Ontario, this marks Collectivfide’s third addition of 2024, and thirteenth overall.

Claremont Mississauga Insurance Brokers Inc. is an independent insurance brokerage that has proudly provided insurance services to the surrounding GTA area for over 50 years. Serving home, auto, and commercial insurance, Claremont Mississauga Insurance Brokers believes in holding the highest level of integrity as their standard conduct for their long-standing clients. Their success is due to their many years of industry expertise, ability to anticipate their clients’ needs and, therefore, the personal, customized service they provide.

When Owner, Frank Claremont, decided he was finally ready to transition to retirement after more than 50 years in the business, he looked to find a partner who would protect not only his brokerage’s legacy but also his clients and employees.

“My brokerage is something that is extremely important to me, and I’m proud of what we’ve built and the relationships we’ve made over the years. It was fundamental to me that everything we’ve accomplished would be protected and continue long after I retire. I met with many potential partners, who all had their own benefits, but the team at Collectivfide really sold me because I knew they stood for what they believed in, and I knew my employees and clients would be not just safe, but also valued and well taken care of.

With the assurance that my brokerage and succession plan is in good hands, I can transition to retirement with a profound sense of peace and contentment”,Frank Claremont explained.

When asked what this acquisition means to the organization, Tony Ngo, President and CEO of Collectivfide Insurance Group, said,

“We know what a privilege it is to have Claremont Mississauga Insurance Brokers join our network. Frank has made a legacy for himself and his employees, and we’re proud to honour and continue the excellent work his team has done for the brokerage and their long-standing clients. We understand how personal selling your business can be, so we work with owners to create customized succession plans that suit their wants and needs to make this as ideal a situation as possible. At the heart of Collectivfide is respect, understanding and partnership, and we look forward to our joint future with Claremont Mississauga Insurance Brokers, together.”

Collectivfide will continue its long-term growth strategy of aligning itself with acquisitions of like-minded broker partners and organic growth with its thirteen broker partners. Collectivfide now has nineteen office locations throughout Ontario.

Collectivfide Insurance Group Inc. is in its fifth year of operation and has become a unique insurance group that offers centralized services to broker partners in their network. By providing human resources support, marketing, underwriting, data analytics and office optimizations, brokers can maintain their autonomy while focusing on servicing their clients and community. Joining the Collectivfide network allows broker partners to benefit from being part of a large brokerage without losing their personal connections to their communities and identities.

About Collectivfide Insurance Group Inc.

Formed in 2019, Collectivfide’s shareholders represent mutual insurance companies in Ontario and across Canada with more than a century-and-a-half of experience to draw upon. The company is committed to protecting the independent broker distribution channel. By working alongside broker partners, Collectivfide supports brokerages with all facets of their operations to help them focus on serving and building relationships with members of the communities they serve. At Collectivfide, we operate under the principle that mutual insurers and their broker partners are stronger when they work together. Learn more about us at www.collectivfide.com.

About Claremont Mississauga Insurance Brokers Inc.

Claremont Mississauga Insurance Brokers Inc. has provided personal, dedicated service to the Mississauga and surrounding GTA area for over 50 years. As current Owner, Frank Claremont, looks to exit the business and focus on his retirement, the brokerage will be run by Frank Claremont for the interim and then Office Manager, Judy Manger. Claremont Mississauga Insurance Brokers Inc. will continue to provide home, auto and commercial insurance. For more information, visit www.claremontinsurance.com.

SOURCE: Collectivfide Insurance Group Inc.

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