Westland Insurance has acquired Canadian Special Risks Inc. The transaction, the financial terms of which were not disclosed, took effect on June 1.
Lifting the lid on the swoop, Westland president and chief executive Jamie Lyons (pictured) said: “This is an exciting acquisition that takes us deeper into the specialty commercial insurance space in Western Canada.
“The team at Canadian Special Risks are at the top of their class and have invaluable experience and insight to offer. With this partnership, we’re well-positioned to offer enhanced insurance solutions tailored to the unique risks and challenges faced by our Alberta business clients.”
Based in Athabasca, Alberta, Canadian Special Risks focuses on commercial welding programs. Snapping up the commercial brokerage is part of Westland’s ongoing nationwide expansion.
In May, Westland added the Dupuis Langen Group to its list of acquired firms. The group benefits brokerage is based in Richmond, British Columbia.
At the time, Lyons noted: “With their decades of experience implementing group benefits and our shared commitment to strengthening communities, we’re poised for a fantastic partnership.
“We look forward to working with their dedicated employees to continue making a difference in the health and wellness landscape in Canada.”
One of the fastest-growing independent insurance brokers in the country, Westland trades in excess of $3.5 billion of premium.
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