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Canadian insurance coverage brokerage Westland Insurance coverage has acquired Paul Ayotte Insurance coverage Brokers (PAIB) to develop its operations in Ontario.
Monetary phrases of the deal stay confidential.
PAIB, established in 1975, serves communities in Northern Ontario with quite a lot of insurance coverage merchandise reminiscent of auto, house, enterprise, cottage and leisure insurance coverage.
The corporate operates out of 5 regional places of work, offering tailor-made insurance coverage options to its clientele.
Westland Insurance coverage president and CEO Jamie Lyons stated: “PAIB has constructed a powerful repute in Northern Ontario by delivering personalised insurance coverage options and we’re thrilled to welcome them to the Westland household.
“Ontario stays a key strategic focus for Westland, and PAIB’s well-built presence within the province helps us deepen our attain into essential regional communities. As a number one P&C [property and casualty] brokerage, we’re dedicated to partnering with organisations like PAIB that share our dedication to native service and significant shopper relationships.”
In March, the corporate acquired Loewen Companies, a brokerage with a historical past courting again to 1947 that serves a number of communities in Saskatchewan with insurance coverage protection for quite a lot of wants together with properties, autos, companies and farms.
In February, Westland Insurance coverage took over the West Burlington department of Youngs Insurance coverage Brokers, a follow with greater than 20 years of expertise in offering P&C insurance coverage to purchasers within the Higher Toronto Space.
Westland Insurance coverage gives business, private, worker advantages, farm and specialty insurance coverage options.
“Westland Insurance coverage snaps up Paul Ayotte Insurance coverage Brokers ” was initially created and printed by Life Insurance coverage Worldwide, a GlobalData owned model.
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