The Co-operators has acquired the insurance brokerage Linda Rioux Assurances, located in Warwick, Quebec.
Linda Rioux Assurances’ portfolio includes home, auto, farm, and commercial insurance policies. Following closure of the transaction, any existing insurance coverage with Linda Rioux Assurances will remain in effect for the current policy term, a release from The Co-operators said.
The insurer also stated that Linda Rioux’s clients will receive “first-rate service from a leading national insurance co-operative,” and gain access to a range of other insurance products.
"This is exciting news as we remain focused on strengthening our agency distribution system in Quebec," said The Co-operators Quebec region VP Patrick Décarie. "We look forward to serving our new clients and ensuring they have access to the insurance and investment products they need to achieve financial security, and ultimately, peace of mind."
Last month, The Co-operators made a $1 million contribution in patient capital to support the co-operative sector. The capital was made available through the company’s Co-op Impact Program, as part of The Co-operators’ goal to invest 10% of its investment portfolio into community impact investments.