Major property and casualty insurance brokerage network
BrokerLink announced July 5 that it has successfully acquired Cornerstone Insurance Brokers Ltd.
Cornerstone Insurance’s operations in Woodbridge, Markham, Aurora and Barrie will be integrated under BrokerLink’s brand following the acquisition.
Terms of the deal were not disclosed.
Ninety of Cornerstone Insurance’s employees will join BrokerLink’s fold. Cornerstone Insurance CEO Wendy DaSilva as well as President and Chief Operation Officer Peter DaSilva were also assimilated by BrokerLink to assist in the transition.
BrokerLink also acquired the brand rights to BeWiser Insurance Brokers Inc., which was owned and operated by Cornerstone Insurance Brokers Ltd. BeWiser Insurance’s website, BeWiser.ca, hard-to-place customers can coordinate with insurance professionals to find suitable coverage.
“Cornerstone Insurance Brokers is a well-established name in Southern Ontario,” said BrokerLink Head of Acquisitions Paul Meyer. “Similar to our organization, Cornerstone Insurance Brokers has built their business on a service-oriented and professional culture which has created long-term and high-quality customer relationships. It was easy to see that this acquisition was the right fit for us and we look forward to welcoming their team to BrokerLink.”
“When we founded Cornerstone, our goal was to provide access to exceptional insurance coverage through an exceptional customer experience,” remarked Wendy DaSilva. “BrokerLink’s focus on innovation, value, and excellent customer service align with the core values of our organization.”
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