Western Financial Group Inc. has announced that it has acquired Axion Insurance Services Inc. in Ontario. The purchase was completed on June 19, 2018 and will add 10 Ontario-based locations and about 60 insurance specialists to the existing insurance brokerage network in the West, located in the west of Canada.
Financial details of the transaction were not disclosed.
“I am delighted to welcome Axion to the Western family. As part of our expansion strategy in Canada, we are thrilled to move our first purchase beyond the borders of the four western states, and we feel Ontario is an ideal place to start, “said Western President and CEO Kenny Nicholls.
In one statement, he said that Western Canada is determined to expand its physical presence throughout Canada.
Mike Teixeira, one of the founders of Axion, said, “It is important to unite Western, an organization that we share our values and build a deep bond with the societies we serve.”
“Our employees and our customers will continue to do the best we can for our customers every day, and benefit from the commitment of Westerners to the ongoing success of local insurance brokers,” said Donna Grabowski, co-founder of Axion.
Axion Insurance Services Inc. About
Founded in 1990, Axion is an insurance agency located in and around the Toronto metropolitan area, such as Parry Soundand, Ottawa. Axion offers personal and commercial insurance services to its clients, including online services.
Western Financial Group Inc. About
The West is a diverse insurance services company that meets more than one million Canadians’ insurance needs for more than 100 years. Headquartered in High River, Alberta, Alberta offers more than 178 locations, affiliates and online personal and business insurance services.
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Western is a subsidiary of Trimont Financial Ltd., an association of The Wawanesa Mutual Insurance Company.
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