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BOOM acquires Généralys

by

Hubert Roy

July 31, 2017 14:04

Michel Duval and David Laflamme

New transaction of importance in the damage insurance brokerage. Growing Insurance has put the hand on Généralys insurance, a firm established in Quebec city.

The transaction is effective from 1 July. By this transaction, Michel Duval, president of ESSOR, believes that it will improve the positioning of our business in the Quebec city region. Généralys laboured in the regions of the Capitale-Nationale region, the South Shore of Quebec city and Charlevoix.

Led by David Laflamme, the firm employed 80 people. Its premium volume was$46 Million.

With this transaction, GROWTH is estimated to be part of the top 5 brokerage firms in Québec in terms of volume of premiums. The Journal of insurance believes that its volume is slightly more than 185 M$ the result of this transaction.

«We are proud to associate ourselves with a team is also concerned about the well-being of its employees. Our organizations share a culture and a business model similar that will continue the tradition of excellence to which the customer Généralys is used to, » said Mr. Duval.

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