Canadian Underwriter

The Co-operators acquires Assurance Aubin Insurance Brokers Ltd.

November 1, 2016   by Canadian Underwriter

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Co-operators General Insurance Company announced on Tuesday that its wholly-owned subsidiary has purchased Assurance Aubin Insurance Brokers Ltd.

Silhouette of business men merging and solving puzzleThe brokerage’s portfolio includes personal and commercial insurance policies, The Co-operators said in a press release. Assurance Aubin has locations in Hearst, Wawa and Terrace Bay, Ont.

Current clients of the brokerage will be notified of the change in ownership and their existing insurance coverage will remain in effect with no changes to their premiums or coverage for the current term of their policies, the release said. As current policies expire, clients will be offered comparable policies from The Co-operators.

Cooperators“We’re pleased to be strengthening our presence and growing our agency distribution system in Ontario and across the country, which is part of our growth strategy,” said Kathy Bardswick, president and CEO of The Co-operators, in the release. “Our new clients will benefit from the wide range of insurance and financial products, as well as the expertise, offered by Co-operators advisors.”

“Clients will enjoy the exemplary service of a leading national insurance co-operative and have access to a full suite of insurance products including home, auto, life, travel, commercial and farm insurance,” the release said.

On Oct. 3, The Co-operators announced that it would become the “exclusive provider” of P&C and life insurance for clients of First Credit Union (FCU) subsidiaries in British Columbia. Guelph, Ont.-based The Co-operators will become the exclusive provider for FCU’s subsidiaries First Insurance and Westview Agencies Ltd.

The Co-operators Group Limited is a Canadian-owned co-operative with more than $44 billion in assets under administration. Through its group of companies, it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products.