CO-OPERATORS GROW AGENCY NETWORK IN QUEBEC WITH LATEST ACQUISITION
The company announces the purchase of Assurances Oligny Inc., a brokerage located in Saint-Jean-sur-Richelieu
Jan 17, 2023
GUELPH, ON, January 17, 2023 – Co-operators today announced its acquisition of Assurances Oligny Inc., marking their sixth broker acquisition in Quebec since 2018, part of an ongoing strategy to grow their footprint in the region.
Co-operators, a leading Canadian financial services company and the fourth largest insurer in Canada, has more than 600 locations from coast to coast. Today, the company manages assets for 75,000 clients in Quebec, offering financial services and a full suite of leading national insurance products, including home, auto, life, farm, commercial and travel.
Co-operators continues to expand its presence in Quebec by increasing consumer awareness and acquiring existing broker agencies.
“This is an exciting way to start 2023 and clearly demonstrates our commitment to strengthening our agency distribution system in Quebec,” says Patrick Décarie, Co-operators regional vice president in Quebec. “We are actively searching for strong, experienced partners that share our vision of providing clients a holistic approach to insurance and financial services.”
Assurances Oligny Inc. has 11 employees serving more than 4,500 households with products that include home, auto, and commercial insurance policies. Insurance coverage held by their existing clients will remain in effect for the insured’s current policy term.
“We believe that consumers in Quebec deserve to have a choice when it comes to how they protect themselves and secure their financial futures. We look forward to serving our new clients with personalized advice, ensuring they have access to the right mix of insurance and investment products to help them achieve their financial goals,” Décarie says.
The effective close date of the transaction was Jan. 12, 2023.
Co-operators is a leading Canadian financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. The company has more than $61.5 billion in assets under administration. Co-operators has been providing trusted guidance to Canadians for the past 76 years. The organization is well known for its community involvement and its commitment to sustainability. Achieving carbon neutral equivalency in 2020, the organization is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. Co-operators is also ranked as a Corporate Knights’ Best 50 Corporate Citizens in Canada. For more information, please visit www.cooperators.ca.
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