Alberta-based property and casualty company Western Financial Group has bought a third brokerage, increasing its expansion into Ontario.
Western Financial Group recently purchased the EGM Insurance Group which is based in the Ottawa Valley.
After serving clients since 1942, EGM and its subsidiaries, MC Carroll Insurance Brokers and Johnston & Mackie Ltd., will join Western's network — one of the largest in the country.
With this announcement, EGM Insurance Group will bring its four branches and knowledge of the Ontario market to Western, the company announced.
“We're thrilled to welcome EGM CEO Lisa Edmonds and her team,” Kenny Nicholls, Western's CEO and president, said. “Our two companies are aligned in that we put our customers and people first. This acquisition offers us further abilities to grow our customer broker model in Ontario," he said.
Edmonds said joining Western is a great opportunity for the EGM Insurance Group and its customers.
“I am excited to know the strength of Western's people — their experience, resources and stability — will take us to the next level while allowing us to serve our customers in our local community,” she said.