Canadian Underwriter

Ontario’s McDougall Insurance and Financial merges with Upper Canada Commercial Insurance Group

January 21, 2016   by Canadian Underwriter

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Ross McDougall, CEO of McDougall Insurance and Financial, announced on Thursday that the company has merged with Upper Canada Commercial Insurance Group (UCC) effective immediately.

All employees of UCC will remain with the organization and all branch office locations will continue, McDougall said in a press release. “We are particularly pleased that four of the active shareholders of UCC will become shareholders in the McDougall organization as a result of this merger,” McDougall added.

As a predominately commercial lines brokerage operating out of Kingston, Brockville and Cornwall, Ont., UCC is an “excellent fit” with the 70-year-old McDougall organization, which is split with both commercial and personal lines, as well as financial services, the release said.

“The merger will greatly enhance our commercial lines expertise as well as introducing our personal lines strength into the UCC offices,” McDougall said, adding that UCC has a premium volume in the excess of $31 million, with 40 employees.

The merger has resulted in an independent broker with 29 offices in eastern Ontario and the Ottawa Valley and 300 employees with over $210 million in property casualty premium and a “strong and rapidly growing financial services division,” McDougall said.