The Co-operators acquires personal lines operations of Assurances Claude Paquet

The Co-operators has acquired, with the help of an unnamed investment partner, the personal lines operations of a brokerage based in the Gaspe region of Quebec.
Assurances Claude Paquet’s personal lines operations will begin operating as the newest Co-operators office, with Nathalie Paquet becoming a Co-operators representative as of Jan. 17, 2011.
The portfolio includes approximately 3,200 insureds.
Personal lines clients of Assurances Claude Paquet will be notified on the change in ownership. The clients’ insurance coverage will remain in effect, with no changes in premiums or coverage for the current term of their policies, a Co-operators’ release says.
As policies lapse, customers will be offered similar policies from Co-operators General Insurance Company. All staff of the brokerage’s personal lines operations will be offered positions with The Co-operators.
Assurances Claude Paquet will continue to operate as an independent broker, and its existing commercial insurance book of business will not be affected, the release adds.