Westland Insurance continues M&A spree with two deals

Westland Insurance continues M&A spree with two deals | Insurance Business Canada

Insurance News

Westland Insurance continues M&A spree with two deals

Transactions mark group’s foray into two new communities

Insurance News

By
Terry Gangcuangco

Westland Insurance has entered two new communities by acquiring Excel Insurance Lloydminster and M. Butler Insurance.

Alberta-based property and casualty brokerage Excel Lloydminster has been serving clients for nearly 20 years. It has formed key partnerships with national and global insurers while building a robust client base. Westland’s purchase of Lloydminster bolsters its regional footprint and allows it to offer services in a new territory.

At the same time, M. Butler Insurance, an independent, full-service P&C brokerage in Niagara Falls, Ontario, extends Westland’s reach into a new area.

“These acquisitions align perfectly with our growth strategy and allow us to expand our reach in Alberta and Ontario, as they share our commitment to provide exceptional service and customized solutions to clients. We look forward to partnering with them as we journey to become Canada’s favourite insurance broker.”

Westland remains committed to investing in its operations through a combination of organic growth and strategic acquisitions. Last month, the company snapped up Athabasca-based Canadian Special Risks.

In a recent interview, Westland chief operating officer Don Thompson told Insurance Business: “We’re actively looking to extend our presence across the country through our comprehensive insurance offerings, including property and casualty insurance, group business solutions, digital services, employee benefits, and private client services.”

Thompson also shared: “We anticipate two ongoing trends in the insurance broking sector. Firstly, the consolidation of brokerages will persist. Secondly, the competition for broking talent will remain fierce, emphasizing the importance of attracting and retaining skilled professionals in our industry.”

What do you think about this story? Share your thoughts in the comments below.