Axis Insurance Managers, an insurance broker, based in Vancouver, Canada, has completed the acquisition of BMG Aviation Ltd., operating as a BMG Insurance Broker, effective January 1. June 2022.
A privately-owned insurance brokerage firm, Vancouver-headquartered BMG specializes in aviation and space risks.
Financial details of the transaction were not disclosed.
The acquisition of BMG immediately makes Axis a leader in the aviation and space insurance industry. Shortly, the group will operate under the brand Axis.
“We have always been customer-focused and offer tailored insurance plans designed to address their specific needs and desires. This evolution allows us to enhance customer service further, empower employees and continue to ensure the best outcomes for our customers,” said Maureen Crockett, chief executive officer of BMG.
Maureen Crockett and Brian Julien will be responsible for leading and expanding Axis Air and Space operations.
Axis Insurance serves local, national, and international clients with insurance and risk management services. With roots dating back to 1928, with more than 150 employees and offices throughout the province, it is one of the largest and fastest-growing British Columbia-based brokerages. Axis is a significant shareholder in the Ontario-based brokerage Magnes Insurance Group, which also has established aviation and space operations. Wedgewood Insurance, based in Newfoundland, is Magnes’s substantial shareholder.
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“Canada’s Axis Insurance Managers Acquires BMG Insurance Brokers” posted on 2022-07-02 at 19:04:03. Thank you for reading the article at insuranceabout.com