Guelph, Ont.-based Co-operators General Insurance Co. has purchased Carleton Insurance Brokers Ltd. in Ottawa, the company announced on Thursday. Terms of the purchase were not disclosed.
The brokerage’s portfolio includes personal and commercial insurance policies. Carelton Insurance have been serving people in the National Capital Region with their general and life insurance needs for over 40 years.
“We’re pleased to be strengthening our presence and growing our agency distribution system in Ottawa and across the country, which is part of our growth strategy,” says Kathy Bardswick, president and CEO of The Co-operators Group Ltd., the parent company of Co-operators General, in a statement.
“Our new clients will benefit from the wide range of insurance and financial products, as well as the expertise, offered by Co-operators advisors.”
Current clients of Carleton Insurance will be notified of the change in ownership and their existing insurance coverage will remain in effect with no changes to their premiums or coverage for the current term of their policies, Co-operators says. As current policies expire, clients will be offered comparable policies from The Co-operators.