January 16, 2017 by Canadian Underwriter
Co-operators General Insurance Company announced on Monday that its wholly-owned subsidiary has purchased personal and commercial lines brokerage Denny’s Insurance.
Current clients of Denny’s Insurance, located in Acton, Ont., 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 Co-operators explained in a press release. As current policies expire, clients will be offered comparable policies from The Co-operators.
The Co-operators said that clients will enjoy the service of a national insurance co-operative and have access to a full suite of insurance products, including home, auto, life, travel, commercial and farm insurance.
“This is another stride made in strengthening and growing our agency distribution system in Ontario, and across the country – allowing us to better serve Canadians and their families,” said Rob Wesseling, president and CEO of The Co-operators, in the release. “We look forward to helping our new clients get the insurance and investment products they need to achieve financial security, and ultimately, peace of mind.”
On Nov. 1 2016, The Co-operators reported that its wholly-owned subsidiary purchased Assurance Aubin Insurance Brokers Ltd. The brokerage’s portfolio includes personal and commercial insurance policies. It has locations in Hearst, Wawa and Terrace Bay, Ont.
And in October 2015, the company’s wholly-owned subsidiary purchased Browning Insurance Ltd., based in Chatham, Ont. The brokerage’s portfolio includes personal and commercial insurance policies, as well as financial services, such as retirement and investment planning. In August of that year, The Co-operators General Insurance Company’s wholly-owned subsidiary purchased Carleton Insurance Brokers Ltd. of Ottawa, which offers life, mortgage, disability, health, critical illness, auto/home/tenants and commercial insurance.
The Co-operators Group Limited is a Canadian 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.