Canadian Underwriter

The Co-operators announces acquisition of Assurance Auclair in Quebec

June 5, 2017   by Canadian Underwriter

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The Co-operators General Insurance Company is looking to further enhance its distribution system in Quebec with the acquisition of Assurance Auclair.

The portfolio of the brokerage in Quebec City includes personal and commercial insurance policies, notes a statement Monday from The Co-operators, a Canadian co-operative with more than $47 billion in assets under administration.

The Co-operators has “a strong and steadily growing presence in Quebec, offering clients home, auto, life, group, travel and commercial insurance, as well as investment products,” it adds.

Related: The Co-operators acquires Assurance Aubin Insurance Brokers Ltd.

Rob Wesseling, President and CEO of The Co-operators Group Limited

Rob Wesseling, President and CEO of The Co-operators Group Limited

The company “looks forward to connecting with its new clients to discuss their financial needs,” the statement notes.

Pointing out that “any existing insurance coverage a client has will remain in effect for the current term of their policies,” clients “have access to a full suite of insurance products,” The Co-operators adds.

“We have seen steady growth in Quebec during the past seven years, and this is another step on our journey to expand our agency distribution system throughout the province,” says Rob Wesseling (pictured right), president and chief executive officer of The Co-operators.

Related: 84% of polled insurance companies planning to make acquisitions in 2017: KPMG International

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