Insurance co-operative The Co-operators has quickly followed its acquisition of Québec insurance brokerage firm Assurances Madelein with another buy – this time snapping-up Redford Insurance Brokers in Ontario.
Redford has an established footprint in the Greater Toronto Area, with a portfolio that includes personal and commercial insurance policies. The acquisition will not impact existing insurance coverage, which will remain in effect for their respective terms.
“This is another step forward in strengthening and growing our agency distribution system in Ontario, and across the country — allowing us to better serve Canadians and their families,” said Rob Wesseling, president and chief executive officer of The Co-operators. “We look forward to helping our new clients get the insurance and investment products they need to achieve financial security, and, ultimately, peace of mind.”
In a statement, The Co-operators added that current Redford clients will have access to its full suite of insurance products. The diversified and integrated co-operative offers solutions in four core areas – property and casualty (P&C) insurance, life insurance, institutional asset management, and brokerage operations. It currently has more than $41 billion in assets under administration and has a financial advisor network of 2,820 licensed insurance representatives.
