Scottsdale Insurance Company has announced the launch of a partnership with “The Co-operators, the leading Canadian-owned, mutli-product insurer, to assist them in expanding their commercial lines portfolio and to give Scottsdale exposure to the Canadian market.”
Scottsdale’s bulletin said it is “providing The Co-operators with training and assistance in developing a number of classes of business, adapting them for the Canadian market and acting as reinsurer. The Co-operators will do all the underwriting and claim handling.”
Scottsdale’s President Mike Miller commented: “This partnership is yet another way Scottsdale Insurance is diversifying its portfolio to grow our Company.”
The deal was finalized in October and The Co-operators has already begun to write business under the agreement.
Source: Scottsdale Insurance Company –
Topics Mergers & Acquisitions Canada
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