.jpg)
BrokerLink had made a double acquisition, helping bolster the Intact Financial subsidiary’s insurance expertise with their specialties.
The Vaughan-based Vision Insurance specializes in commercial group insurance, while Steele & Ferraro in Guelph is experienced in the field of farm insurance.
Learn more about farm insurance here.
The terms of both transactions were not disclosed. BrokerLink’s acquisition of both firms was finalized on Wednesday this week.
“Vision Insurance is the exclusive insurance provider for the Ontario Opticians Association and we provide group coverage for home and auto to several professional associations,” said Vision Insurance president Richard Ambler. “We look forward to contributing our affinity insurance expertise to BrokerLink and continuing to provide customers with excellent service.”
Want the latest insurance industry news first? Sign up for our completely free newsletter service now.
“It was the right fit,” commented Steele & Ferraro president Bruce Kurtz. “As with BrokerLink, we strive to provide high-quality service and insurance products to customers. Our experience in farm insurance is a strong complement to BrokerLink’s Farm Advantage program.”
A release noted that Ambler and Kurtz, along with their existing teams, will join BrokerLink.
“Welcoming Steele & Ferraro and Vision Insurance to BrokerLink will expand our expertise and service offerings,” stated BrokerLink head of acquisitions Paul Meyer. “We look forward to integrating our teams and continuing to serve our local communities.”
Related stories:
Quebec insurers and other financial firms join in creating inclusiveness fund
Intact’s auto business severely impacts quarterly performance
