Groupassur expands north American footprint by acquiring Ontario-Based Eagle Underwriting
26 October 2021
Groupassur expands offering with the acquisition of Eagles Underwriting .
Groupassur is proud to announce the acquisition of Eagle Underwriting (“Eagle”), an independent managing agent who has been writing insurance for “Things That Move™”, delivering superior products, underwriting expertise, and first class claims service to brokers and their clients in Canada and the United States.
Founded in 1996, Eagle Underwriting is an expert in the field of transportation, trade, and moveable property. With this portfolio acquisition, Groupassur will be adding new lines of products to its offering and gaining the expertise required to insure clients operating within the highly complex marine, cargo, and soon more.
The acquisition is effective October 1, 2021. Eagle underwriting will continue to operate under their existing structure and brand name.
This acquisition supports Groupassur's international growth objectives, as Eagle already underwrites policies relating to cargo shipping in the United States.