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McFarlan Rowlands Insurance Brokers announces acquisition of Callister Musico Insurance Group


May 10, 2017   by Canadian Underwriter


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London, Ont.-based McFarlan Rowlands Insurance Brokers announced on Wednesday that it will acquire Callister Musico Insurance Group of Sarnia, Ont.

Located at 1315 Michigan Ave. in Sarnia, the Callister Musico office will become McFarlan Rowlands’ 15th branch in Ontario, allowing McFarlan Rowlands to enhance their portfolio and strengthen their presence in the current marketplace, the London brokerage said in a press release.

The acquisition will be finalized on July 3, at which time Craig Musico will join the McFarlan Rowlands team and will become a shareholder in the firm. Paul Callister will be retiring as of July 3 and the management team at McFarlan Rowlands will remain the same, with Rodney Hancock as CEO. The remainder of the Callister Musico staff will join the McFarlan Rowlands team.

Callister Musico offers McFarlan Rowlands the opportunity to expand its business and add a talented and dedicated team of insurance professionals in another region of Ontario, the release continued. “Both firms maintain many of the same values and strive to provide excellent, personalized service with professional advice to their clients.”

Burke Neale, chief operating officer at McFarlan Rowlands, said that the company continues to “look for opportunities to expand in Ontario, using our strengths to create a mutually beneficial relationship that will sustain our business practices and make room to evolve within the current marketplace. We continue to move forward in maintaining McFarlan Rowlands as a premier independently-owned brokerage and are delighted to welcome the Callister Musico team to McFarlan Rowlands.”

Likewise, Callister Musico partner Craig Musico said they are excited to join McFarlan Rowlands. “Change is an inherent part of our industry and we are tasked with navigating the complexities of this environment,” he said. “By joining this organization with its client-centric thinking, professional service and strong industry presence, it allows us to preserve our tradition of service excellence. This merger supports our core values and McFarlan Rowlands’ resources will benefit our team and our loyal client base. We look forward to contributing to the organizations continued growth and development.”

McFarlan Rowlands offers a complete line of commercial and personal lines, life, disability, employee benefit plans and risk management services through its network of fourteen offices across southwestern Ontario.

Callister Musico offers a full suite of personal, commercial, travel medical, special event, life and group insurance.