Ontario Teachers’ Pension Plan acquires Kanetix Ltd.

Ontario Teachers’ Pension Plan (Ontario Teachers’) has announced it has agreed to acquire Kanetix Ltd., Canada’s largest digital customer acquisition platform and marketplace that provides quote comparison search tools for insurance and financial products. Financial terms were not disclosed.

Ontario Teachers’ would also like to welcome Igal Mayer as the new CEO of Kanetix, effective immediately.  Mayer is the founder of Shop Insurance Canada, as well as the former CEO of Aviva Canada, Aviva UK and Aviva Europe.

Ontario Teachers’ private capital group has a long track record of investing in the financial services and technology industries. Kanetix has been a leader in providing millions of Canadians’ online insurance quotes since its launch in 1999 and has built successful partnerships with Canada’s leading insurance companies.

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This story was originally published by Canadian Insurance Top Broker.