Canadian Westland Insurance acquires broker RiskTech from Excel

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THE BHARAT EXPRESS NEWS INSURANCE NEWS
THE BHARAT EXPRESS NEWS INSURANCE NEWS

Westland Insurance has announced that it has acquired Edmonton-based brokerage RiskTech Insurance Services effective January 1.

Risk Tech was a member of Excel Insurance Group. It specializes in serving large and medium commercial risks and complements Westland’s existing commercial insurance practice in Alberta.

With this acquisition, Westland welcomes Douglas H. Morrow as its new Vice President, Commercial in Alberta. Morrow most recently served as president and chief executive officer of Excel Insurance Group.

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Westland Insurance Group is one of Canada’s largest independent insurance brokers. Westland trades more than $2.5 billion in premium and offers commercial, personal, employee benefits, farm and specialty insurance. Since its foundation in 1980, Westland has remained a family business that has grown both organically and through acquisitions.

Excel Insurance Group is a group of independent Canadian insurance brokers with 17 offices in Western Canada representing $100 million in premium volume. Excel is a member of Assurex Global.

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subjects
Mergers & Acquisitions Agencies InsurTech Tech Canada

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