McDougall Insurance and Financial and Upper Canada Commercial Insurance Group have merged, effective immediately, Canadian Underwriter reported.
Upper Canada employees will continue working for the company, and the transaction will not result in changes to branch office locations, according to the report. The combined entity will have 29 offices in eastern Ontario and the Ottawa Valley, 300 employees and more than $210 million in property casualty premium.
The news outlet reported that four Upper Canada active shareholders will become shareholders of McDougall Insurance.
Upper Canada is a commercial lines brokerage operating out of Kingston, Brockville and Cornwall in Ontario.