BC insurance brokerages set to merge

BC insurance brokerages set to merge | Insurance Business Canada

Insurance News

BC insurance brokerages set to merge

Coverage and policies to remain intact, they assure clients

Insurance News

By
Jen Frost

British Columbia brokerages Allwest Insurance and Waypoint Insurance are set to merge from November.

The combined Navacord partner businesses will be known as Waypoint, according to a press release shared with Insurance Business.

Waypoint Insurance has been based in the province for more than 150 years, with more than 20 locations across Vancouver Island and the Lower Mainland. Its expertise spans business, personal, and auto insurance.

Allwest, which has been in business for 50 years, has five locations across Vancouver, including in Burnaby and Langley. The company built its reputation in auto insurance and leasing for high-end dealerships, and also has expertise in home insurance, with a focus on high-net-worth (HNW) individuals, and commercial insurance for small to medium sized businesses.

“We believe that by joining forces with Waypoint, we can further elevate our ability to meet and exceed client expectations,” said James Beaulieu, Allwest COO. “This partnership aligns with our commitment to providing innovative solutions and superior client service.”

The business have been working to integrate operations over the past year, according to the press release.

“We are excited to welcome Allwest to the Waypoint family,” said Waypoint CEO Tony Hayes. “Together, we will bring the best of both organizations to deliver enhanced solutions and unrivaled expertise to our clients.”

Allwest and Waypoint clients’ coverage and insurance policies will remain intact post-merger with no service or support disruptions, the firms pledged.

“We are building a distinct brokerage – one that thinks about risk differently and takes a holistic view of our clients, beyond just insurance,” David Reidy, president and CEO, HK Henderson, said on announcement of the Saskatchewan merger.

Got a view on the merger of Navacord brokerages Waypoint and Allwest? Drop a comment below.