McDougall Insurance Brokers Limited (McDougall Insurance) has announced its acquisition of Cornell Insurance Brokers Ltd., a Markham-based brokerage.
Cornell’s team of brokers will now join McDougall Insurance, aiming to enhance service offerings across the Greater Toronto Area (GTA) and nationwide. The move marks another step in McDougall’s efforts to expand its reach in the Canadian insurance market.
“We have always admired Cornell as a business and hoped for an opportunity to work with them,” said Ross McDougall, CEO of McDougall Insurance. “We share the same customer-centric approach and commitment to our communities. McDougall looks forward to collaborating with Cornell to improve things for our collective clients in the GTA and across Canada.”
The transition includes retaining Cornell’s key leadership figures, with co-CEO John Beadle and vice president Patrick Hogan set to continue guiding the brokerage. Cornell’s co-CEO Mike Hannan will retire following the close of the transaction.
“We know how important customer service is in this business,” said Beadle. “And we couldn’t be more confident that combining with McDougall is our path to elevate service to new heights.
“Cornell and McDougall have always conducted business the same way – our aligned values, culture, and approach will ensure a great fit and most importantly, success for both our clients and staff.”
Hannan reflected on his retirement, expressing pride in the partnership. “Relationships and fairness are what Cornell does,” he said.
“I am proud that I’ve capped my time with Cornell by joining with an organization like McDougall who will help John, Patrick, and the rest of our team to continue that legacy.”
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