Intact-exclusive agencies rebrand following merger
Quebec brokerages PMA Assurances and PMT ROY Assurances et services financiers have merged under the name Ellipse Agence en assurance de dommages inc., creating what the firm is calling the province’s largest damage insurance agency distributing Intact Insurance products exclusively.
PMT ROY said in a press release Monday the consolidation of the two authorized Intact agencies completes the merger of the activities of PMA Assurances and PMT ROY and makes Ellipse Assurances the second largest general insurance distributor in Quebec.
The two firms first announced their merger in December 2023, to be effective Jan. 1, 2024. The rebranding to Ellipse was initially announced in March of this year.
Ellipse has a presence in 27 locations in Quebec. PMT ROY is based in the Capitale-Nationale administrative region of Quebec, with 16 offices offering personal, commercial, life and health insurance, as well as savings and retirement financial services. The brokerage dates back about 95 years.
In December 2023, PMT ROY president André Roy announced his retirement after a 40-year career with the company. PMA president Patrice Jean is now the president of Ellipse Agence en assurance de dommages.
For its part, PMA Assurances is a full-service brokerage with 11 offices. Headquartered in Trois-Rivières, it offers personal and business insurance as well as financial services. Like PMT ROY, PMA has been around for nearly a century.
The merged organization has more than 500 employees spread across 27 branches in eight administrative regions in Quebec.
“The pooling of each company’s resources will take place gradually over the course of 2024,” the two companies said in a press release on Dec. 7, 2023. “This will be facilitated by the fact that PMT ROY and PMA use identical IT systems and share a similar vision in terms of business development.”
Feature image by iStock.com/matdesign24
