In Ontario, BrokerLink announces having concluded its “largest acquisition” in the province to date. The consolidator got its hands on The Standard Insurance Brokers Ltd., can we read in a press release published on June 5.
Since 1897, The Standard has offered, among other things, home and automobile insurance, business and farm insurance as well as life insurance, recreational vehicle insurance and group benefits.
With offices in Ontario, Manitoba and Saskatchewan, The Standard also offers its services in specialized sectors including tourist resorts, campgrounds, aerial crop spraying and professional liability for architects and engineers.
Eight acquisitions in 2024
With this new acquisition, effective June 1, the subsidiary of Intact Financial Corporation expands to two new provinces. “We are very excited to introduce BrokerLink to new customers in Northern Ontario communities, and to debut in Manitoba and Saskatchewan,” said Joe D’Annunziopresident of BrokerLink.
Contacted by Insurance portal, Brokerlink confirms that this is its eighth acquisition since the start of 2024. The consolidator announced three acquisitions on May 10. In its release, BrokerLink says it has expanded to more than 10 communities in Alberta and Ontario this year, adding more than 400 insurance professionals to its team. The company says it is always open “to discussing with brokers who are considering future options for their business.” »
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