Axis Insurance Managers Inc., an award-winning Canadian brokerage firm, has announced its acquisition of O’Neill Group, one of British Columbia’s leading employee group benefits, life insurance, and wealth advisory firms.
The acquisition aims to bolster Axis Insurance’s offerings in the employee benefits and wealth advisory sectors, according to FF News.
The value of the deal has not been disclosed, but Axis Insurance CEO Alex Meier emphasised that the acquisition positions the company to better serve its clients by expanding its capabilities in these critical business areas.
Axis Insurance is a full-service brokerage offering a range of commercial, life, employee benefits, and wealth advisory services.
With roots dating back to 1928, the company serves clients locally, nationally, and internationally, providing comprehensive risk management solutions. Axis has over 350 employees and is one of Canada’s fastest-growing brokerages.
Meanwhile, O’Neill Group is a full-service firm specialising in employee group benefits, life insurance, and wealth advisory services.
Established in 1985, the firm has developed a reputation as one of British Columbia’s top advisory companies. With 12 staff members, the firm will now operate under the Axis Insurance umbrella as a practice group, continuing to provide its high-level services to clients.
According to Thomas O’Neill, president of O’Neill Group, the partnership will extend the firm’s reach and enhance the services it offers.
He noted, “The strategic alliance with Axis expands our capabilities and extends our reach, enhancing the services we can provide to our clients. Having worked alongside Axis for over ten years, we are confident in a shared vision and dedication to excellence, deeply rooted in our aligned values and company culture, and are excited to continue to provide personalised, top-tier service to our clients and plan members.”
Alex Meier, CEO of Axis Insurance, commented, “Expanding in the benefits and wealth advisory business with the acquisition of the O’Neill Group represents an exciting new step for Axis. Healthy and high-performing employees are vital to the success of businesses today, and the leading-edge employee and executive benefits plans from O’Neill Group help our commercial clients stay competitive by attracting and retaining top industry talent. The addition of O’Neill Group continues to build upon our existing benefits practice, and positions Axis Insurance well on its journey to become a leading national specialty brokerage.”
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