June 1, 2015 by Canadian Underwriter
LUSSIER Insurance Firm, a Quebec private and independent insurance and financial services brokerage firm, has merged with insurance brokerage Dale Parizeau Morris Mackenzie to form Lussier Dale Parizeau, Insurance Brokerage and Financial Services Firm.
“Now Quebec’s largest private and independent financial services firm, Lussier Dale Parizeau inherits the strength and experience of these two century-old firms,” the new firm said in a press release on Monday.
Patrice Jean, actuary by profession and president of Dale Parizeau Morris Mackenzie since 2011, will be leading Lussier Dale Parizeau as president and chief operating officer. He will be supported by a board of directors chaired by André Lussier.
“Not only will the leadership thus created allow us to offer our clients comprehensive products and competitive rates, but we also have the satisfaction of uniting two companies that share the same values and a similar history of serving the builders of Quebec,” Jean said.
Lussier Dale Parizeau results from the legal merger of the two firms on April 1, the press release noted. The firm, owned by the Lussier family, will serve over 120,000 individual clients, 22,000 corporate clients and 70 groups, associations and professional orders. There will be over 550 employees – including 400 brokers and claims adjusters – located in 21 branch offices throughout Quebec, with a premium volume of $355 million. Its head office is located in Sorel-Tracy.
Services provided will include personal lines Insurance, commercial lines insurance (business insurance and risk management), life and health Insurance and financial services, as well as several customized insurance programs for employers, groups and professional associations, the release said.
“Lussier Dale Parizeau sets itself apart by offering favourable terms and peace of mind to its clients thanks to strategic and effective partnerships developed over time with a wide network of insurers, which allows us to offer diverse and tailored solutions, competitive premiums and prompt service,” the release said.
The new organization will have an extended network throughout the province, from Gatineau to Chandler, through Montreal and Quebec City, in addition to branches at the heart of the most important regions of the province (Montérégie, Mauricie, Lanaudière, Beauce, Gaspésie, Saguenay, etc.), DPMM added in a statement.
The acquisition comes at a time when the operations of DPMM, Financial Services Firm, are being divided into three separate entities, as the insurance brokerage operations of DPMM in Ontario (Toronto, Sudbury and North Bay branches) are acquired by RDA Insurance Corp., and the Air Canada employee service branch is transferred to Traders General Insurance Company, a member of the Aviva family of companies.