LATEST FIRM TRANSACTION
January 10, 2015
Burns & Wilcox Canada, a subsidiary of Kaufman Financial Group, completed the acquisition of Avec Insurance Managers Inc., a Toronto-based managing general agent with expertise in marine, inland marine and other specialty commercial lines.
Burns & Wilcox Canada is a leading managing general agent with offices in Toronto, Calgary, Ottawa, Halifax, St. John’s and Moncton. The company offers more than 300 specialty products and is recognized for its expertise in property & casualty, personal and professional liability, environmental liability and personal accident insurance.
Founded in 1969 and headquartered in Detroit/Farmington Hills, Michigan, the Kaufman Financial Group is a global network of companies that includes Burns & Wilcox, Burns & Wilcox Brokerage, Burns & Wilcox Canada, Chesterfield Insurance Brokers Ltd. of London, Cranbrook Underwriters of London, Lochain Patrick of London, Global Excess Partners, Burns & Wilcox Re, Atain Insurance Companies, R.B. Jones, Royal Premium, US-Reports, Canadian Reports and Minuteman Adjusters. The company is a leader in insurance distribution, brokerage, underwriting, reinsurance, real estate, premium financing, inspections, audits, risk management and third party claims administration. The Kaufman Financial Group employs more than 1,400 professionals spanning 50 offices across the United States, Canada and the United Kingdom.
Wildeboer Dellelce LLP acted for Burns & Wilcox Canada with a team that included Robert Fonn, Michael Rennie and Luigi Valente (corporate/securities) and Kevin Fritz (tax).