Skip to main content

Westland Insurance acquires two new Ontario-based brokerages

Written by Customer Service on . Posted in Mergers And Acquisitions.

Surrey, BC/Territories of the Coast Salish (Kwantlen, Katzie, Semiahmoo, Tsawwassen First Nations), June 05, 2023 (GLOBE NEWSWIRE) — Westland Insurance, Canada’s leading independently-owned brokerage, today announced that it acquired MYCOR Insurance Solutions Inc. and Murphy Insurance Services Inc. effective June 1. With these acquisitions, Westland continues to grow across Canada.

MYCOR Insurance is a Toronto -based, full-service P&C brokerage with seven locations across Ontario, Alberta, and Saskatchewan. They focus on providing unique insurance and risk management solutions to the Commercial marketplace, with a distinctive niche in a variety of commercial specialty programs with high client retention rates.

Serving the Simcoe and Muskoka areas in Ontario since 1981, Murphy Insurance is a boutique full-service P&C insurance brokerage that specializes in advisory-based solutions across a number of key Commercial segments, as well as VIP Personal Lines.

“It’s with much excitement that I welcome MYCOR Insurance and Murphy Insurance to Westland,” says Jamie Lyons, President & CEO of Westland Insurance. “Both brokerages have tremendous leadership, entrepreneurial cultures, and offer unique value to their clients. The opportunity to better serve Canadians through dedicated, client-first brokerages like these is what drives us to continue expanding from coast to coast. We’re thrilled to have the MYCOR and Murphy Insurance teams join the Westland family.”

Westland continues to invest in and grow its business in Canada, both organically and through strategic acquisitions.

– 30 – 

About Westland Insurance Group  

Westland Insurance Group is one of the largest and fastest-growing independent insurance brokers in Canada. Trading over $3 billion of premium, Westland continues to expand coast to coast. Westland’s brokers provide expertise and advisory-based services across commercial, personal, employee benefits, farm, and specialty insurance segments. Since its founding in 1980, Westland has remained committed to supporting its clients, industry partners and local communities. For more information, please visit westlandinsurance.ca.

CONTACT: Jessica Thiessen
Westland Insurance Group Ltd.
7782887894
mediaenquiry@westlandinsurance.ca

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.