Orr Insurance & Investment expanded its reach, taking over seven brokerages in its market area of southwest Ontario.
“We were looking for an opportunity to grow Orr’s market presence, focusing on the area we live in and support around Stratford,” Rick Orr, president of Orr Insurance, told Insurance Business Online Friday. “We are excited to be able to perpetuate the independent broker distribution system. Each office will remain open demonstrating our commitment to communities and local service.”
Orr Insurance and Huron Insurance Managers Group (HIMG) signed a deal that sees seven brokerages uniting under the Orr name, making Orr a leading brokerage in the region.
“We hope that a fifth generation will one day take over Orr Insurance and we believe that to be successful in the future Brokerages will need to have the scale to offer consumers what they want,” said Orr. “Online service, extended hours, yet also a personal relationship with more convenient locations in their communities.”
Orr is a fourth-generation independent brokerage that has been based in Stratford since 1895, owned and operated by brothers Jeff and Rick Orr.
HIMG is a cluster of six brokerages: Elliott Nixon Insurance Brokers in Blyth, Kleinknecht Insurance Broker in Linwood, Lyons & Mulhern Insurance Brokers in Goderich, Seaforth Insurance Broker in Seaforth, and Sholdice Insurance Brokers in Brussels and Chatham.
Orr, the Insurance Brokers Association of Ontario chairman of the board, was the recipient of the Wally Wood Award – presented to the broker who selflessly devotes themselves to the association, its members, goals and objectives.
