BFL Canada acquires Summit Insurance Brokers
Risk management, benefits consulting, and insurance broking firm BFL Canada has acquired Prince George, BC–based Summit Insurance Brokers.
Founded in 1987, employee-owned BFL Canada delivers benefits consulting services as well as risk management services across a range of areas (political, environmental, cyber, M&A, etc.) to help clients maintain effective insurance coverage.
BFL has a team of more than 700 professionals across 14 cities in Canada, stretching from Halifax to Vancouver.
The firm has bolstered its insurance broking capabilities in Central and Northern British Columbia with the acquisition of Summit Insurance Brokers. The company brings particular expertise in industrial, commercial, and farm risk to BFL.
Summit places all types of property and casualty insurance, and specializes in servicing the forestry, agriculture, mining, oil & gas, and transportation industries. The firm’s history dates back to 1968, when it was named MacCaulay Nicols Maitland – going through a number of mergers and acquisitions over subsequent years.
Summit’s Prince George office will become BFL’s 16th location. Summit president and CEO Hugh Delwo will join BFL as managing vice president for the Prince George office, while Summit vice president Al Delwo will lead regional business development efforts.
"We are delighted to welcome the skilled and experienced Summit employees to the BFL Canada family as this acquisition will provide us with a stronger presence in key Canadian growth sectors," said Barry F. Lorenzetti, BFL’s president, CEO, and founder. "We expect the economy in Central and Northern British Columbia to experience significant growth over the next five years and the completion of this transaction will allow BFL Canada to bring its industry specialization, market leverage, business model, centres of excellence, and digital expertise to the region."
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