Canadian Underwriter

H.W. Kaufman Financial Group acquires Ajax, Ont.-based Technical Risk Services

January 6, 2016   by Canadian Underwriter

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H.W. Kaufman Financial Group announced on Wednesday that it has acquired Toronto-based Technical Risk Services (TRS), a provider of loss control services, inspections and risk control consulting.

Technical Risk Services will continue to operate under the TRS name as part of Canadian Reports

TRS is a full-service loss control inspection and consulting firm that has operated in Ontario for more than 15 years, with expertise in large, complex commercial building inspections in industries such as manufacturing, distribution and energy.

TRS will continue to operate under the TRS name as part of Canadian Reports, Kaufman Financial Group said in a press release. Gilles Proulx, former executive vice president, client services of TRS, will join the Kaufman team as president of Canadian Reports.  

“Kaufman’s global portfolio currently includes Canadian Reports, a Canadian provider of premium audits, loss control inspections and risk management services, focused on inspections for commercial and personal risks of all sizes,” said Alan Jay Kaufman, chairman, president and CEO of Kaufman Financial Group, in the release. “The addition of TRS deepens our commercial expertise and strengthens our North American offerings.”

The move marks the company’s first acquisition of 2016, adding to its diverse roster of specialty insurance, brokerage and insurance services companies.

Founded in 1969 and headquartered in Detroit/Farmington Hills, Michigan, Kaufman Financial Group is a global network of companies that includes Burns & Wilcox, Burns & Wilcox Canada, Burns & Wilcox Brokerage, US-Reports, Canadian Reports, Lochain Patrick, Chesterfield Insurance Brokers, Cranbrook Underwriters, Global Excess Partners, Burns & Wilcox Re, Atain Insurance Companies, R.B. Jones, Royal Premium and Minuteman Adjusters.

The company provides insurance distribution, brokerage, underwriting, reinsurance, real estate, premium financing, inspections, audits, risk management and third party claims administration. Kaufman Financial Group employs more than 1,600 professionals spanning more than 50 offices across the United States, Canada and London.