Toronto, ON (Feb. 12, 2025) — Caradoc Townsend Mutual, Grenville Mutual, and Lambton Mutual have signed a pre-amalgamation agreement, marking the beginning of a strategic partnership to enhance their service offerings while preserving strong local ties. This proposed amalgamation brings together mutuals from across Ontario, each with a longstanding dedication to their communities and a commitment to high-quality, personalized insurance solutions.
A joint committee of board members, CEOs, and advisers will guide the process through a thorough due diligence phase, ensuring all decisions are made thoughtfully to prioritize policyholders, support employees, empower brokers and agents, and reinforce community connections. The proposed amalgamation is subject to approval from each company’s policyholders, regulatory approval by the Financial Services Regulatory Authority of Ontario (FSRA), and the consent of the companies’ partners: the Ontario Mutual Insurance Association (OMIA), Farm Mutual Reinsurance Plan Inc. (Farm Mutual Re), and the Trustees of the Fire Mutuals Guarantee Fund.
Caradoc Townsend, Grenville, and Lambton Mutuals together represent over a century of community-focused service, offering a range of insurance products, including Home, Auto, Farm, and Small Business insurance. This proposed amalgamation seeks to secure long-term resilience while enhancing adaptability in Ontario’s evolving insurance landscape.
About Caradoc Townsend
Owned by its customers, Caradoc Townsend Mutual has served southwestern Ontario and the Niagara Peninsula for more than a century. With offices in Waterford, Ontario, and Mt. Brydges, Ontario, the company’s roots go back to 1879 and 1884, when the predecessor companies were started by farmers in order to enhance their access to affordable insurance. CTM seeks to go beyond insurance…building on history to protect the future. We provide peace of mind for a safe, prosperous community. For more information, visit www.ctmins.ca
About Lambton Mutual Insurance Company
Lambton Mutual Insurance Company has been committed to its community and providing great service at a reasonable cost since 1875. A strong supporter of communities in Southwestern Ontario as well as the Canadian Mutual Insurance Industry, Lambton supports its agents and broker distribution channels through innovation and service to its mutual policyholders. Sound governance, where all policyholders are owners, supported by Lambton’s strong financial position will ensure they continue to support their policyholders and community at large well into the future. For more information, visit www.lambtonmutual.com.
About Grenville Mutual Insurance Company
Grenville Mutual Insurance Company is a progressive insurance company delivering the best customer experience in the rural Eastern Ontario region for 130 years. We are a full-service property and casualty insurer focused primarily on Eastern Ontario. We successfully deliver our products through a network of independent Brokers and Agents. As a Mutual insurance company, our mission has always been to strengthen our communities through helping people whether it is through the products and services we sell or through our community involvement. We offer products and loss prevention advice for home, automobile, businesses and agriculture, and are known for our high-touch, customer-focused approach to claims and risk selection. For more information, visit www.grenvillemutual.com.
SOURCE: KarmaDharma on behalf of Caradoc Townsend Mutual, Grenville Mutual, and Lambton Mutual
Tags: Caradoc Townsend Mutual (CTM) Insurance, Grenville Mutual Insurance Company (GMIC), Lambton Mutual Insurance Company, merger, Ontario
