The acquisition of South Western marks CBN's expansion into the wholesale insurance market and complements its existing activities. CBN's ownership will provide South Western with the ability to expand its relationships with insurance companies which will greatly benefit South Western's brokers.
"This acquisition is a tremendous opportunity as it allows us to enter
an important segment of the brokerage industry," said
"We are pleased to have found in CBN the perfect organization to help
South Western realize its growth potential," said
Upon closing, South Western will operate as an independent subsidiary of
CBN with its own leadership team, name and brand. "At South Western,
brokers can always count on an impressive team of committed and
talented employees. Moving forward, the current team will play an even
greater role in strengthening our industry relationships and expanding
our activities," said
About Canadian Broker Network
The Canadian Broker Network (www.canadianbrokernetwork.com) is a group of nine leading, independent commercially oriented
insurance brokers. Together, the network writes more than
About South Western Insurance Group
South Western Insurance Group (www.swgins.com) is a Wholesale Insurance Intermediary/Managing General Agent offering a
broad range of insurance solutions for specialty, niche, program and
hard-to-place business. Since 1961 South Western has provided
underwriting expertise to insurance brokers across
About
Media inquiries
Daryn McLean, Chairman
Canadian Broker Network
1 (416) 364-0160
daryn@mooremclean.com
Gilles Gratton
Vice President, Corporate Communications
Intact Financial Corporation
1 (416) 217-7206
gilles.gratton@intact.net
Sandra Nunes
Manager, External Communications
Intact Financial Corporation
1 (416) 341-1464 ext. 43127
sandra.nunes@intact.net