Announced
Completed
Financials
Tags
Canada
insurance agency
Property and Casualty Insurance
Acquisition
Cross Border
Private
Majority
Completed
Friendly
Single Bidder
Synopsis
One80 Intermediaries, a wholesale broker, program manager, and insurance aggregator, completed the acquisition of Strategic Underwriting Managers, a Canada-based Managing General Agent for property, casualty, and other specialty insurance products. Financial terms were not disclosed. "We have full authority on each of the programs we underwrite and are proud of the long relationships with each company with whom we trade. In joining One80 we look forward to developing additional capacity, and introducing new products and innovations into Canada." Jeff Somerville, Strategic Underwriting Managers President.
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