Western Financial Group has entered into a partnership with the privately held insurance agency Huestis Insurance Group, giving Western a significant non-controlling interest in Huestis.
According to a release, the partnership will help expand Western’s business interests across the country – particularly the Maritimes region – while recognizing Huestis as a significant player in the Canadian insurance market. Huestis will also continue to provide services to its communities under the same name and with the same staff.
The agreement also provides Western with an opportunity to learn the Maritime insurance market from Huestis’ experts – the largest brokerage in the region.
“We are pleased to enter into this partnership with David and his team,” said Western Financial Group president and CEO Kenny Nicholls. “This partnership allows us to work alongside a well-respected and like-minded insurance organization in the Maritimes.”
“Huestis Insurance & Associates Ltd. and Western are a good fit for this partnership,” said Huestis founder and president David Huestis. “We are both organizations that prioritize the value we bring as a broker, community engagement and involvement, strategic growth, and strong reputation in our local communities. We are happy to have Western on board. Together we will achieve great things for our customers and our people.”
Thanks to the partnership, Western Financial now has sales and service centres, as well as affiliated business interests in nine of Canada’s 10 provinces.
