April 20, 2021
GroupAssur becomes the Largest Independent Canadian-owned P&C Managing General Agent with this merger
MONTRÉAL, April 20, 2021 /CNW Telbec/ - GroupAssur, a Canadian Managing General Agent ("MGA") specializing in Property and Casualty ("P&C") insurance lines, today announced that it has merged with Evolution Insurance ("Evolution"), an MGA and wholesaler specializing in complex risks that offers its facilities, programs and services to Canadian brokers. Novacap, one of Canada's leading private equity firms, owns a majority interest in GroupAssur. Following the combination, each company will initially continue to operate under their existing brand names, with an objective of full integration in 2022.