May 8, 2018 11:00
Photo : Freepik
The network of independent insurance brokers Canadian Broker Network closes sale of South Western Insurance Group to Three Holdings. The current president, John Barclay, remains in position, as are all the staff.
The network explains that the transaction allows its members to concentrate their efforts to the creation of insurance solutions for insurance clients of individuals and firms. It also provides the opportunity to South Western ” align with a group strategically engaged with the segment of the general agents “.
Canadian presence increased
Three Holdings increases its presence in the canadian market through the acquisition of South Western, and its subsidiary Optisure Underwriting Services. These are in addition to medThree Insurance Group.
“The acquisition of SWG and Optisure provides a depth to the operations and the insurance component of the group that also adds a significant value to our partners, our dealers across Canada,” says Neil McRuer, president of Three Holdings.
The terms of the transaction were not disclosed.