Highcourt Partners, an international insurance and risk management consulting firm, has merged with Breckles Group of Companies, an independent insurance brokerage, to form the Highcourt Breckles Group (HBG).
The merger between the two privately-held and Canadian-owned companies was completed on April 7, 2021. Mark McKay, formerly chief executive officer (CEO) of Highcourt Partners, stepped up as CEO of HBG, which offers home, auto, business, life and health insurance and risk management and wealth preservation solutions and has a combined gross written premium value of nearly $100 million.
The deal was done at current market valuation metrics and no regulatory approval was required. It was funded in Canada and led by Highcourt's capital resources.
HBG employs more than 100 employees and has plans to hire more as it grows. It currently has around 50,000 clients nationwide and access to more than 60 insurance providers worldwide.
McKay said the combined group will retain and enhance its high customer service standards and offer clients access to a much broader portfolio of demonstrated, proven solutions with insurance products and risk management services designed for the digital age.
“This pairing will help make Canadian businesses more competitive around the world, helping them navigate their growth as the economy regains its pre-pandemic momentum to build back better,” he added.
Highcourt Partners, Breckles Group of Companies, Mark McKay, Highcourt Breckles Group