Canada Insurer The Co-operators Acquires Quebec Broker, Cadieux Beausejour Dupras

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Canadian insurer The Co-operators has purchased the Saint Jérôme, Quebec-headquartered broker, Cadieux Beausejour Dupras Inc.

Financial details of the deal were not disclosed.

The brokerage’s portfolio includes personal and commercial insurance policies. Any existing insurance coverage will remain in effect for the current policy term, said Guelph, Ontario-based The Co-operators.

Clients will receive first-rate service from a leading national insurance co-operative and gain access to a full suite of insurance products including home, auto, life, travel and commercial, the company added.

“This is exciting news as we remain focused on strengthening our agency distribution system in Quebec,” said Patrick Décarie, vice president Quebec Region, The Co-operators. “We look forward to serving our new clients and ensuring they have access to the insurance and investment products they need to achieve financial security, and ultimately, peace of mind.”

About The Co-operators

The Co-operators Group Ltd. is a Canadian co-operative that offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products.

Source: The Co-operators

Topics Mergers & Acquisitions Carriers Agencies Canada

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