CALGARY, Aug. 12, 2024 — Acera Insurance Services Ltd. is pleased to welcome its newest partner, Pacific Insurance Brokers Inc. of Richmond Hill, ON.
This is Acera Insurance’s fifth partnership deal in Ontario in 2024 and marks its continued expansion in the Greater Toronto Area, where it also has offices in Aurora, Brampton, Burlington and Newmarket.
Pacific Insurance opened its doors in 1976 with a team of four. Today, the multilingual firm is backed by a team of more than 50 personal and commercial insurance brokers. With a heavy concentration in commercial insurance, the firm sought out a partner who would help round out the solutions they offer clients.
“Acera Insurance is a full-service brokerage that has uniquely dedicated teams specializing in group benefits and specialty solutions for high-net-worth individuals,” said Bruce Rabik, Chief Operating Officer, Acera Insurance. “We’re pleased to partner with firms such as Pacific Insurance who look at their clients’ needs holistically and want to provide customized end-to-end solutions.”
This partnership also demonstrates that Acera Insurance’s distinct advantage as the largest independent, employee-controlled brokerage in Canada continues to attract interest in Ontario, which remains a hotbed for mergers and acquisitions.
“Remaining independent was a very important factor for us when looking to grow, which made Acera Insurance an ideal partner,” said Samantha Hui, President, Pacific Insurance. “We pride ourselves on providing our clients with the best service, including offering impartial options and solutions that work in their best interests — this is something only a truly independent brokerage can offer.”
The Pacific Insurance partnership closed in the beginning of August, and the firm will eventually transition to become Acera Insurance.
This partnership supports Acera Insurance’s commitment to ensure there remains a competitive independent, Canadian-owned brokerage option in Ontario where it has offices in Bath, Hamilton, Huntsville, Kingston, London, Ottawa and Welland, in addition to its five GTA locations.
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About Acera Insurance
Acera Insurance is the largest independent, employee-controlled brokerage in Canada. With 1,200 employees in over 60 offices across Canada, $1.3 billion in gross written premiums, nearly $1 billion in group retirement savings assets under management and more than 650 employee-owners, Acera Insurance provides custom insurance and risk management solutions for personal and commercial clients nationwide, including comprehensive group benefits capabilities. Built upon the solid foundation of several award-winning firms, Acera Insurance brings greater value, expertise and resources to individuals, families and businesses across the country.
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