Cal Legrow Insurance and Financial Group has acquired insurance firm Optimized Insurance in St. John’s.
Founded in 2014 by ClearRisk founder, president and CEO Craig Rowe, Optimized Insurance is a specialty insurance brokerage focusing on business insurance and risk.
The Telegram reported that, as part of the acquisition, Rowe will join the Cal LeGrow team as a risk management adviser.
“Optimized was founded to be entrepreneurial and innovative in the way we looked at insurance and risk management for our clients. We have been fortunate to have been able to work with some of the most innovative and exciting companies in the province,” Rowe said in a statement.
Rowe shared that the deal came about because LeGrow shares his brokerage’s drive for innovation.
“We joined Cal LeGrow because they are an organization that continues to reinvent themselves, they share our passion for innovation, and bring considerable depth of expertise and resources to our clients,” the founder said.
The acquisition allows LeGrow to inherit several start-up and scaled-up technology and innovation clients – a strategy LeGrow hopes will help position the company as the brokerage of choice for similar other clients.
“The future of Atlantic Canada rests with entrepreneurs who are willing to take risks and ignite ideas,” LeGrow chairman and CEO Jeff LeGrow commented. “We want to be the go-to brokerage for those firms, and provide the services and support to enable their growth and success.”
