Western Financial Group Inc., announced on Wednesday that Richmond Hill, Ont.-based Axion Insurance Services Inc. has joined its growing network of insurance brokerages across Canada.
The acquisition was completed on June 19, and will add 10-Ontario based locations and approximately 60 insurance experts to High River, Alta.-based Western’s existing network. Financial terms were not disclosed.
“I’m very pleased to welcome Axion to the Western family. As part of our Canadian expansion strategy, we are excited to make our first acquisition beyond the borders of the four Western provinces and we felt that Ontario was an ideal place to start,” said Kenny Nicholls, Western’s president and CEO, in a statement.
“Our employees and customers will benefit from Western’s commitment to the ongoing success of local insurance brokers by continuing to do the best we can for our customers each day,” said Donna Grabowski, co-founder of Axion, in a statement.
Western provides personal and business insurance services through more than 178 locations, affiliates and online, with a skilled team of approximately 1,800 people.
Western is a subsidiary of Trimont Financial Ltd., a subsidiary of Winnipeg-based Wawanesa Mutual Insurance Co.