ALIGNED acquires commercial and business insurance provider

The transaction furthers ALIGNED’s strategic initiatives in developing a greater market presence throughout Canada.

Risk Management News

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ALIGNED Insurance Inc. (ALIGNED), a prominent national brokerage specializing in commercial insurance and risk management, has acquired shares of Precept Insurance & Risk Management Inc.
 
The deal was finalized on June 1, 2015, but details of the acquisition remain undisclosed.
 
Precept was established in 1998 through the merger of three reputable brokerage firms that had roots in the community since 1912. It is a market leader in business, commercial and specialty insurance, particularly in the Tri-Cities and Southwest Ontario region.
 
ALIGNED is optimistic about the purchase and what it means for their strategic growth plans across Canada.
 
“ALIGNED continues to experience industry leading growth due to the unmatched value we deliver to our clients, and are thrilled to add the entire Precept Insurance & Risk Management team and nearly 800 clients as we continue to deliver industry leading insurance and risk management solutions to our great and growing group of clients across Canada,” said president and CEO Andrew Clark.
 
The insurance brokerage currently operates out of Toronto, Calgary, Vancouver and Waterloo, ON, and offers such products as management liability, property insurance, commercial general liability and commercial automobile & fleet insurance.
 

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