With a devoted team of nearly 1,800 employees at Western Financial Group, we continue to build one of the strongest and largest insurance brokerage networks in Canada. An ongoing series of acquisitions is an important element of our growth strategy.
Desjardins had previously purchased Western Financial Group for $440 million in 2011.
Western Financial Group purchased Coast Capital Insurance Services Ltd., in July 2013 from Coast Capital Savings Credit Union. Western’s broker network gained 29 locations from this sale.
Trimont Financial, a wholly-owned subsidiary of the Wawanesa Mutual Insurance Company, purchased Western Financial Group on July 2, 2017 for $775 million from Quebec-based Desjardins Group.
Ontario’s Axion Insurance Services Inc was officially acquired on June 19, 2018.
Western’s most recent acquisition is another expansion for our strong broker network, but it allows us to move beyond the borders of Canada’s four western provinces.
Ten locations, those within the Greater Toronto; Parry Sound and Ottawa, will be added to Western’s current network. Sixty insurance experts were added to our team through this acquisition.
Built on local roots, our customers are neighbours and friends. Sustained commitment to the people and communities Western serves is key because these are the places we live in and do business.
What does that mean for you?
Our team of licensed insurance experts offer an unmatched array of products that provide the right coverage for the best value. Customer relationships are important; we strive to be the best we can be.