The Co-operators acquires Browning Insurance Ltd.
Oct 5, 2015
GUELPH, ON, Oct. 5, 2015 /CNW/ - Co-operators General Insurance Company announced today that its wholly-owned subsidiary has purchased Browning Insurance Ltd. in Chatham, Ontario. The brokerage's portfolio includes personal and commercial insurance policies.
Current clients of the brokerage will be notified of the change in ownership and their existing insurance coverage will remain in effect with no changes to their premiums or coverage for the current term of their policies. As current policies expire, clients will be offered comparable policies from The Co-operators.
"We're pleased to be strengthening our presence and growing our agency distribution system in Chatham and across the country, which is part of our growth strategy," said Kathy Bardswick, president and CEO of The Co-operators. "Our new clients will benefit from the wide range of insurance and financial products, as well as the expertise, offered by Co-operators advisors."
Clients will enjoy the exemplary service of a leading national insurance co-operative and have access to a full suite of insurance products including home, auto, life, travel, commercial and farm insurance.
About The Co-operators:
The Co-operators Group Limited is a Canadian-owned co-operative with more than $40 billion in assets under administration. Through its group of companies it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products.
The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is listed among the 50 Best Employers in Canada by Aon Hewitt; Corporate Knights' Best 50 Corporate Citizens in Canada; and the Top 50 Socially Responsible Corporations in Canada by Sustainalytics and Maclean's magazine. For more information please visit www.cooperators.ca.
SOURCE The Co-operators
For further information: Leonard Sharman, The Co-operators, 519-767-3937