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NEWS RELEASE
FOR IMMEDIATE RELEASE

 

BROKERLINK ACQUIRES CHALLENGE INSURANCE AND TORONTO INSURANCE & FINANCIAL GROUP

TORONTO, January 7, 2019 – Alberta-based Challenge Insurance Group Inc. (“Challenge”) and Ontario-based Toronto Insurance & Financial Group Inc. (“TIFG”) announced today they will join BrokerLink, one of the largest Canadian property and casualty insurance brokerages. 

The transactions are all effective January 1, 2019. Terms of the transactions were not disclosed.

Challenge, based in Edmonton, has been serving all of Alberta since 2007. Best known for their professionalism, high ethical standards and dedication to customer satisfaction, Challenge will grow BrokerLink’s offerings for personal, commercial and group insurance in Alberta. 

Challenge’s President Kevin Shaigec, who will remain with BrokerLink, says: “We are impressed with BrokerLink’s scale and network. We know they have what it takes to take us to greater heights. This decision will benefit both our customers and employees.” 

Like BrokerLink, being customer focused and giving back to the communities they operate in are important to TIFG.

Chris Mihalakakos, President of TIFG, will also remain with BrokerLink. He says: “Our priority has always been customer service. We know that by joining BrokerLink, we will only be raising the bar when it comes to providing customers with a superior and outstanding experience. Our customers will also benefit from the investments in technology that BrokerLink offers.”

Joe D’Annunzio, BrokerLink’s President, says the company will continue to listen to customers, understand their needs, offer the best solutions and deliver on promises.

“Kevin and Chris have all built their businesses by putting customers first and providing value-added professional advice,” says D’Annunzio. “These have translated into many long-term and high-quality customer relationships. From the start, it was clear that they were the right fit for us and we are excited to welcome them to BrokerLink.”

About BrokerLink

Established in 1991, the BrokerLink companies, which include Canada BrokerLink Inc., Canada BrokerLink (Ontario) Inc. and Macdonald Chisholm Incorporated, together constitute one of the largest Canadian property and casualty insurance brokerage operations with over 135 offices supported by more than 1,800 employees across Ontario, Alberta and Atlantic Canada. The BrokerLink companies are subsidiaries of Intact Financial Corporation (TSX: IFC). 

About Challenge Insurance Group Inc.

Established in 2007 and headquartered in Edmonton, Alberta Challenge offers its clients a variety of group, home, auto, commercial and financial services products. With a focus on serving the local community, Challenge’s team of experienced professionals are committed to providing its clients with the highest level of customer service and advice.

About Toronto Insurance & Financial Group Inc.

Headquartered in Toronto, Ontario, Chris Mihalakakos and his team have served the insurance needs of the GTA since 2015. TIFG also provides life and travel insurance products.

For media inquiries please contact
Paul Meyer
Head of Acquisitions, BrokerLink
416-996-5646
pmeyer@brokerlink.ca