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Westland Insurance acquires Youngs Insurance Brokers' West Burlington Office

1. Westland Insurance acquired Youngs – Burlington West effective February 21. The deal enhances Westland's market footprint. 2. The acquisition deepens Westland's roots in Ontario’s Greater Toronto area. This move strengthens their presence in a key market. 3. Youngs – Burlington West brings over 20 years of community-based P&C brokerage expertise. Its long history supports tailored insurance solutions. 4. Westland pursues growth through both organic expansion and strategic acquisitions. This showcases consolidation trends in the Canadian insurance sector.

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Why Bearish?

The acquisition signals further consolidation in the insurance market, increasing competition that could erode BURL’s market share. Similar past consolidations in the financial services sector have pressured smaller players' margins.

How important is it?

This strategic acquisition reshapes local market dynamics. Increased competitive pressure in Ontario may moderately impact BURL over time.

Why Long Term?

Market consolidation effects typically take time to materialize, as competitive pricing and share gains evolve. Historical trends in the insurance industry suggest long-term rivalry intensification.

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WLND
Surrey, BC/Territories of the Coast Salish (Kwantlen, Katzie, Semiahmoo, Tsawwassen First Nations), Feb. 25, 2025 (GLOBE NEWSWIRE) -- Westland Insurance, one of Canada’s fastest-growing insurance brokers, today announced that it acquired Youngs Insurance Brokers’ West Burlington operation. The acquisition was effective on February 21.   Youngs – Burlington West is a P&C brokerage that has served the Greater Toronto Area for over 20 years. With deep roots in its community, Youngs – Burlington West is experienced in providing custom-tailored insurance solutions to its clients. With this acquisition, Westland deepens its roots in Ontario, a province that is strategically important as the brokerage continues expanding across Canada.   “We’re thrilled to welcome Youngs’ West Burlington location to the Westland team,” says Jamie Lyons, Westland’s President & CEO. “As we continue our growth journey across Canada, we feel privileged to partner with a brokerage with such a long and rich insurance history. We’re looking forward to joining forces with their team to continue providing their community with best-in-class insurance solutions and service.”   Westland continues to invest in and grow its business in Canada, both organically and through strategic acquisitions.   - 30 -    About Westland Insurance Group    Westland Insurance Group is one of the largest and fastest-growing insurance brokers in Canada. Trading nearly $4 billion of premium, Westland continues to expand coast to coast. Westland's brokers provide expertise and advisory-based services across commercial, personal, employee benefits, farm, and specialty insurance segments. Since its founding in 1980, Westland has remained committed to supporting its clients, industry partners and local communities. For more information, please visit westlandinsurance.ca. 

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