Westland Insurance Expands with Acquisition of Loewen Agencies Ltd.
Deal News | Mar 06, 2025 | Globenewswire
Westland Insurance, a leading insurance brokerage in Canada, has successfully acquired Loewen Agencies Ltd, a Saskatchewan-based insurance provider. Effective from March 1, 2025, this acquisition provides Westland with an opportunity to expand its presence in the rural communities of Radville, Ceylon, and Minton. Loewen Agencies, with a history dating back to 1947, has been recognized for its excellent client service and community involvement. Westland's President & CEO, Jamie Lyons, expressed excitement about this acquisition, highlighting the alignment with the company's strategy to support rural Canadian communities through both organic growth and acquisitions. The integration promises to maintain the high standard of service that Loewen Agencies' clients have become accustomed to while providing them access to a broader range of insurance products.
Sectors
- Insurance
Geography
- Canada – The primary location for both Westland Insurance and Loewen Agencies, highlighting regional expansion.
- Saskatchewan – The location of Loewen Agencies, focusing on rural communities in Saskatchewan.
Industry
- Insurance – The article discusses the acquisition of an insurance brokerage firm, highlighting the expansion and integration within the insurance sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Westland Insurance | Acquirer | Company | A leading Canadian insurance brokerage firm expanding its presence through acquisitions. |
| Loewen Agencies Ltd. | Target | Company | A Saskatchewan-based insurance agency serving rural communities with property, vehicle, business, and farm insurance. |
| Jamie Lyons | President & CEO | Person | President & CEO of Westland Insurance, commenting on the strategic acquisition. |