Dartmouth, NS (Nov. 12, 2019) \u2013 Storm Insurance Group (\u201cStorm\u201d) announced today that its employee ownership group has acquired Axxium Assurance Inc. (\u201cAxxium\u201d), of Montreal Quebec, effective November 1, 2019.<\/p>\n
\u201cAxxium is Storm\u2019s first acquisition in Quebec; a strategic achievement towards our Vision 2020 strategy. This opportunity now makes us one of Canada\u2019s few National Independent Insurance Brokers with full operations in all four regions; Atlantic, Quebec, Ontario and West.\u201d says Jamie Reid, President.<\/p>\n
With creative vision, focus on service excellence, and industry engagement, S\u00e9bastien Vaval, former owner of Axxium, has quickly built a reputable, successful brokerage since its establishment in 2009. Mr. Vaval was a former Board member of the Insurance Brokers Association of Quebec, and actively involved in insurance industry relations.<\/p>\n
\u201cWe are incredibly fortunate to welcome S\u00e9bastien Vaval and the Axxium team to Storm. S\u00e9bastien\u2019s entrepreneurial drive and ambition will be an asset to our group as we expand in Quebec and throughout the rest of Canada\u201d says Mr. Reid.<\/p>\n
Following November 1, Timothy Branson, Vice President Eastern Region, will lead the Quebec brokerage in partnership with Mr. Vaval. Together, they\u2019ll focus on a targeted organic growth strategy, new distribution channels, and further acquisitions.<\/p>\n
\u201cWe are proud to join the Storm Insurance Group after ten years of existence. This will allow Axxium Assurance to explore new opportunities while continuing its growth strategy. We will now have more tools, greater capabilities, and a broader range of services to offer our customers. With Storm, our personnel and, most importantly our loyal customers, we\u2019re on the perfect track to implement our long term strategies.\u201d says S\u00e9bastien Vaval.<\/p>\n
This acquisition will be Storm\u2019s third brokerage acquisition in 2019, having acquired Wardell Insurance (Burlington, ON) on January 1, 2019 and Sheppard Insurance Service (Edmonton, AB) on May 1, 2019. Since 2014, Storm Insurance Group has opened offices in Ontario and Alberta and made a number of other acquisitions in both provinces including Robert C. Davis Insurance of Waterdown, ON, and Robinson Insurance of Edmonton, AB. The latest will be their first acquisition in Quebec and will bring the group\u2019s overall employee count to 95.<\/p>\n
The Storm Insurance Group is one of Canada\u2019s largest and fastest growing employee owned independent insurance brokerages.
Ranked the #2 brokerage in Canada in the 2019 Insurance Business Canada (IBC) annual report, the Storm Insurance Group includes; A.P. Reid Insurance (Ontario\/Atlantic), Agile Underwriting Solutions (MGA), Axxium Assurance (Quebec), ZipSure.ca (e-digital insurance), MyGroup Home and Auto Insurance (Group) and Sheppard Insurance (West).
An industry leader, Storm has been selected as a finalist in three categories for the 2019 IBC Awards: Brokerage of the Year (more than 10 employees), Employer of Choice and Digital Innovator of the Year.<\/p>\n
For more information, visit www.stormins.ca<\/a>.<\/p>\n Source: Storm Insurance Group<\/em><\/p>\n Tags: Acquisition<\/a>, Storm Insurance Group<\/a>Read the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Dartmouth, NS (Nov. 12, 2019) \u2013 Storm Insurance Group (\u201cStorm\u201d) announced today that its employee ownership group has acquired Axxium Assurance Inc. (\u201cAxxium\u201d), of Montreal Quebec, effective November 1, 2019. \u201cAxxium is Storm\u2019s first acquisition...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17509"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17509"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17509\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}