The Co-operators General Insurance has acquired Ontario-based Browning Insurance, for an undisclosed sum.
Browning Insurance provides personal and commercial insurance policies for its clients.
The Co-operators will offer comparable policies to the clients, when the current policies expire.
The Co-operators president and CEO Kathy Bardswick said: "We’re pleased to be strengthening our presence and growing our agency distribution system in Chatham and across the country, which is part of our growth strategy.
"Our new clients will benefit from the wide range of insurance and financial products, as well as the expertise, offered by Co-operators advisors."
In August, Co-operators, through its wholly-owned subsidiary, acquired Carleton Insurance Brokers in Ottawa, which also provides personal and commercial insurance policies.
In May this year, Co-operators introduced new flood insurance product in Alberta of Canada, in a bid to protect homeowners against damage caused by overland flooding in the region.
The Comprehensive Water product was designed to provide coverage against the different types of water damage in one easy-to-understand product.
With around $40bn assets under administration, The Co-operators is a Canadian-owned co-operative that provides home, auto, life, group, travel, commercial and farm insurance and investment products through its group of companies.
Image: Browning Insurance provides personal and commercial insurance products. Photo: courtesy of Stuart Miles/ FreeDigitalPhotos.net.