EGR Inc., a company formed in January when damage insurance firms EssOR Insurance, Pratte Morrisette Inc. and Assuraction Inc. joined forces, has announced that it is acquiring Labrecque, Brouillette & Castelli Inc., or Castelli Insurance.
The transaction will allow EGR to expand its insurance premium volume by “several million dollars,” which will strengthen its position in its niche market of risk management and damage insurance.
“EGR is very pleased to be associated with such a highly regarded team made up of professionals well known for their professionalism and risk management expertise,” president Louis Bélanger said in a statement. “We know that like us, they are deeply committed to representing their customers’ interests.”
EGR also conveyed that all employees of Labrecque, Brouillette & Castelli will join its Montreal office, one of the company’s many locations along the Quebec City-Montreal corridor. It hopes that the new team members specializing in risk marketing, damage prevention, legal counselling and claims adjusting will enhance the company’s offerings in the region.
“This transaction launches our strategy for growth in Montreal and demonstrates that the pooling of our expertise under EGR is paying off as expected,” Bélanger said.
