Toronto-based Moore-McLean Insurance Group has acquired Hallmark Insurance Group and its family of companies, it has been announced.
Beginning today, the companies will form McLean Hallmark Insurance Group and McLean Hallmark Financial, the company said in a statement.
The new firm will have a broad footprint in the GTA, including offices in Toronto, Markham and Mississauga, together with a presence in Kingston.
Daryn McLean, who is currently president and CEO of Moore-McLean and will take on the same role in the newly created firm, said the acquisition will provide the company with the scale it needs to offer a greater variety of risk management services to its clients.
He continued: “The Hallmark Insurance Group adds significant expertise and presence in the transportation, aviation and golf course segments which nicely complements our existing offerings. We will also be in a much stronger position to offer group benefits and financial services to our clients and will build upon Navigators’ very successful digital offering in personal lines.”
John Walters, the president of Hallmark Insurance, which has offices in Markham and Kingston, said the broker was excited to be joining forces with Moore-McLean.
He added: “[We] are proud to become part of a quality brokerage that is committed to maintaining its independent status. We are confident that this relationship will serve our clients well.”
McLean Hallmark will have more than 125 employees and write in excess of $110 million in premiums, making it one of the largest independent brokerages in Canada.
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