Lost in the monster announcement of
Manulife taking over Standard Life’s operations in Quebec was the acquisition of Montreal-based construction and surety provider Kocisko Insurance Brokers Inc.
Marsh Canada acquired Kocisko last week around the same time Manulife Financial Corporation announced the $4-billion deal to buy out the operations of Standard Life Oversea Holdings Limited.
"Becoming a part of Marsh Canada Limited is a terrific evolution for Kocisko," says Terry Kocisko, chief executive officer of Kocisko. “Our clients will benefit from the tremendous service and broader array of capabilities and resources that Marsh has to offer.”
For Marsh, the Kocisko takeover dovetails nicely into their commercial book of business.
“Kocisko focuses on providing commercial insurance and risk management solutions to construction and surety operations throughout the province of Quebec,” states the Marsh release. “The Kocisko team will join Marsh Canada's National Construction and Surety Practice, and will be based in Marsh's Montreal location.”
Terms of the deal have not been released.
