December 8, 2006 by Canadian Underwriter
Dale-Parizeau LM and Morris & Mackenzie Inc. will merge to become Dale-Parizeau Morris Mackenzie Inc.
This new incarnation will become Quebec’s largest independent and privately owned insurance broker.
The company will write more than Cdn$200 million of premium with 400 staff operating out of five offices throughout Quebec, and one service office in Ontario.
Maurice Sauve, president and CEO of Morris & Mackenzie, said “the merged entity will be well positioned to grow in an increasingly competitive marketplace providing a comprehensive product range including life and health, personal and commercial lines and risk management services.”
Dale-Parizeau specializes in providing comprehensive insurance programs to large corporations, groups and professional associations.
Morris & Mackenzie has national group insurance programs combined with risk management services and mid-market commercial lines.
Morris & Mackenzie’s Toronto and Vancouver offices have been sold to Hunter Keilty Muntz & Beatty (HKMB) as part of the merger.
HKMB is Ontario’s largest privately owned commercial insurance brokerage, writing more than Cdn$300 million of premium.