Vancouver’s Westland Insurance has acquired two property and casualty insurance brokerage firms -- Hubbard Insurance Group and Assurance B. Belliveau Insurance Inc.
“These acquisitions contribute to Westland’s national expansion and bring Westland into new areas,” Westland said in a news release.
According to BIV’s top insurance brokerage list, Westland Insurance was already B.C. second largest insurance broker, with more than 1,200 employees in 2022.
Hubbard is based in in Mississauga, and Assurance Belliveau is based in New Brunswick.
“With this acquisition, Westland Insurance strengthens its focus on commercial lines and expands its talent pool with the addition of Hubbard Insurance Group's professional and diverse team,” Westland said in its news release.
“Hubbard's expertise in serving businesses of all sizes complements Westland's commitment to delivering comprehensive commercial insurance solutions. Hubbard Financial Services joins Westland’s rapidly growing group benefits vertical.”
The acquisition of Assurance Belliveau, meanwhile, gives Westland a foothold in Atlantic Canada.
“The strategic importance of expanding in Atlantic Canada has long been a focal point for Westland, and this acquisition marks a significant step forward in achieving that goal by bringing Westland into a new community,” the company said.
“We’re extremely pleased to have found such fantastic partners in Hubbard Insurance Group and Assurance B. Belliveau Insurance,” said Westland CEO Jamie Lyons.“We're excited to be able to serve more communities in Eastern Canada as we welcome these best-in-class brokerages to the Westland family.”
