Univesta Insurance and Financial Services Inc. concluded an important transaction, as of June 1st of 2013, aiming for a partnership with Rake Assurances, one of the main firms established and specialized in transport insurance in Quebec.
The lines of business of personal and business insurance of this firm were merged with the current portfolio of Univesta Insurance and Financial Services Inc.
Regarding the transport insurance portfolio of Rake Assurances (a specialty that has made this firm one of the largest and most recognized in this industry in Quebec), it will be the basis of the new corporation named Univesta – Rake. This division will offer a specialized insurance dedicated exclusively to transport insurance services in Quebec. This new corporation includes some shareholders of Rake Assurance and benefits from the management expertise that the Univesta Insurance and Financial Services Inc. team has gained over the years. This new entity will allow Univesta Insurance and Financial Services Inc. to diversify and expand its service offering in business insurance by adding an expertise specialized in transport insurance in Quebec.
This is another step for Univesta Insurance and Financial Services Inc. and it confirms the success of its growth strategy at the provincial level by becoming a major firm in the field of transport insurance while remaining one of the largest brokerage firms in Quebec!